Application:
A [$50,000] deposit shall be paid with the application, to be credited against the cost of the independent financial assessment study and other administrative costs, plus a non-refundable fee based on the proposed bond amount: | $5 million or less | [$5,000] | | More than $5 million | [$7,500] |
In the event costs for third party (contract/independent) services exceed the fee collected, the applicant will reimburse the Authority for said amount prior to final consideration of the application by the Authority. Any unused portion shall be returned to the applicant.
Bond Closing:
[$5 million or less (At closing and on each anniversary.) ½ of 1% of bond amount]
[More than $5 million (At closing and annually.) ⅛ of 1% of bond amount] |
