Application_Administration Fee

Fees and Expenses...
The complete fee for filing the Application is $3,000, which must be paid at the time the Application is filed.

If the Applicant elects to provide the Authority only one original of its Application, then the Applicant does so with the understanding that for a $300 fee the Authority will take responsibility for making the requisite copies of the Application for Distribution to its Board of Directors, Counsel and Review Advisors.

In addition to the Application fee ($3,000), the Applicant must agree to pay all costs and expenses incurred by the Authority, its Directors, officers, Counsel, Review Advisors, and agents related to the Bonds or the Project, including, but not limited to, the fees and expenses of the Authority's Counsel and Review Advisors whether incurred before or after the sale of the proposed Bonds.

The Authority's Counsel and Review Advisors may require that an Applicant or Guarantor enter into a separate written fee agreement on terms and conditions acceptable to the Authority and its Counsel or Review Advisors.
 
If the Applicant requests an extension of preliminary approval, an additional nonrefundable fee of $500 may become payable, at the discretion of the Authority, by the Applicant to the Authority at the time the extension is granted.

Additionally, as a condition to the issuance of the Bonds, the Applicant must agree to pay an annual administration fee calculated at a rate up to 10 basis points on the outstanding principal amount of the Bonds.