Fees

The Authority is an independent, self-supporting public authority. Its operational expenses are funded through fees charged to the facilities using the Authority's financing programs. No public funds or tax monies are appropriated to the Authority.

Application Fee (Initial Planning Service Fee)

The application fee for each series of bonds will be calculated subject to the following schedule:

Loan Amount Fee
Up to $ 5,000,000 30 basis points (bp) (.0030)
Up to $ 10,000,000 the > of 25 bp or $ 15,000
Up to $ 25,000,000 the > of 15 bp or $ 25,000
Up to $ 50,000,000 the > of 12.5 bp or $ 37,500
Up to $100,000,000 the > of 7.5 bp or $ 62,500
Over $100,000,000 the > of 6.5 bp or $ 75,000

Minimum fee of $1,000

Annual Fee (Annual Planning Service Fee)

The annual fee for each series of bonds shall be due annually.

The following annual fee schedule shall be used in assessing all new fundings:

Stand Alone Bond Issues 5 bp X the outstanding principal amount
Private Placement Bond Issues 5 bp X the outstanding principal amount
Master Loan Program Bond Issues 10 bp X the outstanding principal amount

 

The maximum annual loan fee shall be $75,000 and the minimum loan fee shall be $100, whether for a single facility borrower, multi-facility borrower or a pool of borrowers.

The Authority may subsequently waive or reduce the annual planning service fee.

Direct Loan Program Fees and Expenses

  • One-percent (1%) origination fee.

  • Borrower is responsible for all associated loan expenses.


MONTANA FACILITY FINANCE AUTHORITY | MONTANA DEPARTMENT OF COMMERCE
2401 COLONIAL DR. 3rd Floor | PO BOX 200506 | HELENA, MT 59620-0506 | P: (406) 444-0052 | F: (406) 444-0019 | TDD: (406) 841-2702