S.C. Code Regs. § § 68-30

Current through Register Vol. 48, No. 11, November 22, 2024

Section 68-30 - Costs and Fees

All fees, including but not limited to accountant's fees, attorney's fees, feasibility studies, appraisals, and other costs will be expenses of the applicant.

Issuer Fee Schedule is as follows:

A. Application Fee $1,000 -non-refundable and in addition to issuer fees shown below.

B. Standard Issuer Fee:

(1) 12.5 basis points (.00125) times the bond amount;

(2) Minimum fee is $3,000;

(3) Applies to all private activity bonds (except Hospital and 501(c)(3) bonds), solid waste bonds, and bonds using volume cap allocation.

C. Hospital & 501(c)(3) Issuer Fee:

(1) Sliding Fee based on the following calculation:

(a) $10 million or less: 12.5 basis points (.00125) times the bond amount;

(b) $10 million - $50 million: $12,500 plus 8 basis points (.0008) times bond amount over $10 million;

(c) $50 million - $100 million: $44,500 plus 4 basis points (.0004) times bond amount over $50 million;

(d) Over $100 million: $64,500 plus 2 basis points (.0002) times bond amount over $100 million;

(e) Minimum Fee $3,000.

D. Annual Fee:

(1) An annual fee is assessed on the outstanding balance on the anniversary date of each bond;

(2) The fee is 1.5 basis points of the outstanding balance;

(3) Minimum Fee is $500; Maximum Fee is $10,000;

(4) Maximum Annual Fee per Borrower is $25,000.

E. Modification/Reissue Fee:

(1) 50% of applicable Issuer Fee.

S.C. Code Regs. § 68-30

Amended by State Register Volume 46, Issue No. 05, eff. 5/27/2022.