Delaware Administrative Code
Title 1 - Authorities, Boards and Commissions
400 - Delaware Economic Development Office
401 - Procedures Regarding Non-State Guaranteed Bonds
Section 401-8.0 - Fees
Current through Register Vol. 28, No. 3, September 1, 2024
8.1 Application Fee. Each applicant shall deliver to the Authority with its application a check made payable to the Authority in the amount of Two Hundred Fifty Dollars ($250) before an application will be considered by the Authority. Such application fee shall not be refundable.
8.2 Approval Fee. An amount equal to one-half percent (.50%) of the face amount of Bonds to be issued up to the first One Hundred Fifty Million Dollars ($150,000,000) shall be payable to the Authority on the day the Bond is issued. An amount equal to one-quarter percent (.25%) of the face, amount of Bonds to be issued in excess of One Hundred Fifty Million Dollars ($150,000,000) shall be payable on the day the Bond is issued.
8.3 Administration Fees. Fees shall be at least Four Hundred Dollars ($400) per year, and may increase, at the Authority's sole discretion, to reflect the Authority's annual administration expenses in connection with a Project.
8.4 Fees Payable Unless Waived. The foregoing fees shall, unless otherwise waived by the Authority in its sole discretion, be paid with respect to all Bonds issued by the Authority, including, without limitation, refunding Bonds previously issued by the Authority.
