- a) The Authority shall, by resolution, establish the schedule of fees and charges of the Authority.
- b) Fees of the Authority are designed to cover the operating expenses of the Authority.
- c) The total amount to be charged for Costs of Issuance and Annual Fee for a bond issue shall not exceed the limits established by the Authority. Cost of Issuance − the total amount to be charged a local government for Cost of Issuance for a bond issue shall not exceed 3% of the local government debt.
(Source: Amended at 16 Ill. Reg. 19206, effective November 25, 1992; recodified from 47 Ill. Adm. Code 410.109 at 31 Ill. Reg. 12104)