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