(a)
- (1) The fee for review of a proposed rehabilitation project (Part 2) is fifty dollars ($50.00).
(2) This initial review fee is:
- (A) Nonrefundable; and
- (B) Due upon submission of a proposed rehabilitation project (Part 2).
(b)
- (1) The fees for reviewing completed rehabilitation projects (Part 4) for an income-producing property are based on the dollar amount of the costs attributed solely to the qualified rehabilitation expenses on the eligible structure, in accordance with the schedule below.
(2) Fee — Size of rehabilitation.
- (A) Review fee of four hundred dollars ($400) for one million five hundred thousand dollars ($1,500,000) or more.
- (B) The initial fee of fifty dollars ($50.00) will be deducted from these fees.
- (C) The balance shall be paid by the applicant upon submission of the Part 4 application.
- (D) No certification of completion shall be issued until the balance due has been paid.
- (E) No certification of completion shall be issued until the pending eligible property has officially been placed on the National Register of Historic Places, individually or as a contributing structure in a National Register Historic District.
- (c) The fee for perfecting the transfer of an unused tax credit, in whole or in part, is seventy-five-hundredths percent (0.75%) of the amount of tax credit to be transferred.
(d) All fees collected:
- (1) Will be deposited into the Arkansas Historic Preservation Program’s cash funds; and
(2) May be used:
- (A) For the administration of Acts 2019, No. 855; or
- (B) As directed by the Director of the Arkansas Historic Preservation Program.