La. Admin. Code tit. 71 § III-1901

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1901 - Fee Schedule

A. Pursuant to R.S. 30:1405.1(B), the treasurer is authorized after such appropriation, to rebate, on a pro rata basis, the amount of such excess fees attributable to general government agencies, as defined in the State Bond Commission's fee schedule, and otherwise in its rules and regulations, to the issuers of such general government issues paying closing fees for such issues in the fiscal year during which the fees were imposed. In no event, however, shall this rebate provision apply to application fees. The provisions of this rule apply to the Bond Commission fee schedule listed herein.

B. General Government Issues*

General Government Application Fee				$100.00**
Closing Fees		Par		Percentage
First		$500,000		0.065%
Next		$4,500,000		0.060%
Next		$5,000,000		0.055%
Next		$10,000,000		0.050%
Next		$30,000,000		0.045%
Next		$50,000,000		0.035%
Certified Copy Fee		No charge for one copy $5 for each additional copy

C. Private Purpose Bonds***

Private Purpose Application Fee		$1,500.00**
Closing Fees	Par	Percentage
First	$5,000,000	0.125%
Next	$20,000,000	0.110%
Next	$25,000,000	0.105%
Next	$50,000,000	0.100%
Over	$100,000,000	0.090%
Annual Agenda Subscription Fee		$100.00 Private Sector
$50.00 Public Sector

*To be levied on debt instruments with maturities in excess of 12 months excluding budgetary loans made under the provisions of R.S. 39:745, 17:89, 33:9901.

**Application fee will be credited toward the closing fee when bonds are issued, sold or delivered.

***Private purpose bonds are defined as bonds the proceeds of which are used primarily for the benefit of a private company or enterprise or the payment on such bonds, are paid from revenues derived from private enterprise or concern, regardless of the issuer or the tax exempt status of the debt.

La. Admin. Code tit. 71, § III-1901

Promulgated by the Department of Treasury, Bond Commission, LR 27:1706 (October 2001), Amended LR 49

AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1405.1.