Current through Register Vol. XLI, No. 50, December 13, 2024
Section 116-1-4 - Amendment Of Fee Schedule.
4.1. The Authority may amend, in accordance with law, the fee schedule by the affirmative vote of four (4) board members and any amendment shall be binding and applicable to all issues outstanding at the time of the action and to all subsequent issues: Provided, That in no event shall the annual fees established in this Rule exceed an issue's proportionate share of the projected operating expenses of the Authority for the year of assessment as shown in the proposed budget adopted by the Authority for the year of assessment: Provided further, That in no event shall the annual fee established in this Rule for an issue exceed 1/20th of 1% of the bonds outstanding for the issue.