Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 10 - TEXAS PUBLIC FINANCE AUTHORITY
Chapter 225 - MASTER LEASE PURCHASE PROGRAM
Section 225.7 - Recovery of Costs

Universal Citation: 34 TX Admin Code ยง 225.7

Current through Reg. 49, No. 12; March 22, 2024

(a) The authority may recover its administrative costs by assessing each client agency on a pro rata basis for reimbursement of administrative costs. This pro rata reimbursement shall be calculated no more frequently than semi-annually to cover the ongoing costs of the program. The exact amount assessed each client agency shall be separately disclosed on the debit memo to be submitted to each client agency at least one month in advance of collection. In no event shall administrative costs assessed each client agency exceed 1 1/2% per annum of their pro rata participation in the program.

(b) The costs of issuance shall be calculated on a pro rata basis for each client agency and included as an addition to principal along with the purchase price of the eligible project, if necessary.

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