All fees, including but not limited to accountant’s fees, attorney’s fees, feasibility studies, appraisals, and other costs will be expenses of the applicant.

Issuer Fee Schedule is as follows:

1. A. Application Fee $1,000 - non-refundable and in addition to issuer fees shown below.

2. B. Standard Issuer Fee:

   1. (1) 12.5 basis points (.00125) times the bond amount;
   2. (2) Minimum fee is $3,000;
   3. (3) Applies to all private activity bonds (except Hospital and 501(c)(3) bonds), solid waste bonds, and bonds using volume cap allocation.

3. C. Hospital & 501(c)(3) Issuer Fee:

   1. (1) Sliding Fee based on the following calculation:

      1. (a) $10 million or less: 12.5 basis points (.00125) times the bond amount;
      2. (b) $10 million - $50 million: $12,500 plus 8 basis points (.0008) times bond amount over $10 million;
      3. (c) $50 million - $100 million: $44,500 plus 4 basis points (.0004) times bond amount over $50 million;
      4. (d) Over $100 million: $64,500 plus 2 basis points (.0002) times bond amount over $100 million;
      5. (e) Minimum Fee $3,000.

4. D. Annual Fee:

   1. (1) An annual fee is assessed on the outstanding balance on the anniversary date of each bond;
   2. (2) The fee is 1.5 basis points of the outstanding balance;
   3. (3) Minimum Fee is $500; Maximum Fee is $10,000;
   4. (4) Maximum Annual Fee per Borrower is $25,000.

5. E. Modification/Reissue Fee:

   1. (1) 50% of applicable Issuer Fee.

HISTORY: Amended by SCSR 46-5 Doc. No. 4993, eff May 27, 2022.