Section 3 AAC 99.140 - Costs and issuance fees(a) At the time the authority issues bonds to provide financing for a project under 3 AAC 99.100 - 3 AAC 99.160, the applicant shall pay an issuance fee determined as follows: (1) if the bonds are subject to the volume cap provisions of 26 U.S.C. 147, the issuance fee is equal to 50 basis points applied to the first $10,000,000 of the principal amount of those bonds, 20 basis points applied to the next $40,000,000 of the principal amount of those bonds, and 15 basis points applied to the principal amount of those bonds issued in excess of $50,000,000.(2) if the bonds are not subject to the volume cap provision of 26 U.S.C. 147, the issuance fee is equal to 40 basis points applied to the first $10,000,000 of the principal amount of those bonds, 10 basis points applied to the next $40,000,000 of the principal amount of those bonds, and 9 basis points applied to the principal amount of those bonds issued in excess of $50,000,000;(3) if a portion of the bonds is subject to the volume cap of 26 U.S.C. 147 and a portion is not, the issuance fee is equal to the sum of the issuance fee determined under (1) of this subsection for the portion of the bonds that is subject to the volume cap provisions of 26 U.S.C. 147 and the issuance fee determined under (2) of this subsection for the remaining portion of the bonds.(b) A person may apply to the authority to modify the tenns of its pending application with the authority or to take an action relating to a bond previously issued by the authority. If the request is to modify the terms of a pending application and if the modification, in the sole determination of the authority, requires action by the board, the applicant shall pay to the authority a nonrefundable $550 fee. If the request is for the authority to take an action relating to outstanding bonds and the authority, in its discretion, elects to take such action or, under the applicable documentation, is required to take such action, the applicant shall pay the reasonable costs of the authority, including costs for authority personnel, bond counsel costs, and other costs.(c) An applicant shall pay other costs and fees prescribed by law or agreement that are not provided in (a) of this section. These costs or fees may include financial advisor fees, bond counsel fees, and other expenses of the authority related to bond issuance.In effect before 1988; am 1/11/88, Register 106; am 9/25/92, Register 124; am 11/1/99, Register 153; am 12/3/2010, Register 197; am 11/6/2014, Register 213, April 2015; am 6/28/2018, Register 227, October 2018Authority:AS 44.88.080
AS 44.88.085
AS 44.88.090
AS 44.88.212