10 - Arbitrage Rebate Compliance Services Agreement

Home Browse Search

APPENDIX.A .- FEES T Obligations to be covered initially under this contract include all issues of tax-exempt dbligatiqns delivered subsequent to the effective dates of the rebaterequirements, under the Code, except as set forth in Section I of the Agreement, The fee for any Obligations under this contract shall only be payable if a computation is required under Section' 148(f)(2) of the Code. In the event that any of the Obligations fall within an exclusion to the computation requirement as defined by Section. 148 of the Code or related regulations and no calculations were required by FSAM to make that determination, no fee will be charged for such issue, For example, certain obligations are excluded from. the rebate computation requirement if the proceeds are spent withm specific time periods. In the event a particular issue ot" Obligations fulfills the, exclusion requirements of tine Code or related regulations, the specified fee will be waived by.FSAM if no calculations were required to make the detennination. FSAM's fee for arbitrage rebate services :is based upon a fted annual fee per issue. The annual fee is charged based upon the number of'years that proceeds exist subject to rebate from the delivery date of theissue to the computation date. FSAM's fees are payable upon delivery ofthe report. The first report will be made following one year from the date of delivery of the Obligatiomi and on. each computation date thereafter during, the terin. of the Agreement. The fees for computations of the Arbitrage.Amount which encompass more, or less, than one Computation Year shall be prorated to reflect the longer, orshorter, period of work performed during that period. The fee for each of the Obligations included in this contract shall be based on, the table below. Additionally, due to significant time saving efficiencies realized when investment information is submitted in an electronic format, FSAM passes the savings to its clients- by offering a 10% reduction in its fees if information is provided in as spreadsheet or electronic text Me format. escrnatxabttnnnnnunl Fee ANN IJAL FEE $1,8( COMP HE ZVSIVE4 ARBITRA GL COMPLIANCE SE R VICE'0.VINCL 17DE • Commingled Funds Analysis & Calculations • Spending Exception Analysis & Calculations • Yield Restriction Analysis & Calculations (for yield restricted Project Funds, Reserve Funds, Escrow Funds, etc..) • Parity Reserve Fund Allocations • Transferred Proceeds Calculations 0 Universal Cap Calculations * Debt Service Fund Calculations (including earnings test when. required) INCLUDED * Preparation of all Required.[RS Pape rworkfor Isla 1ting a Rebate Payment / Yield Reduction Payment * Retention of Records :Provided f6r Arbitrage Computations * IRS Audit, Assistance * Delivery of Rebate Calculations Each Year That Meets the Timing Requirements of the Audit Schedule * On-SiteMeetings, as Appropriate, to Discuss Calculation Results / Subsequent Planning Items arymR SERVICES AVAMABIX: . . .... . . ..... ...... IRS Refhnd Request -- Update calculation, prepare refund request package, and assist issuer as xicees�'s' $750 in respondiniz to subsequent IRS Information Requests 128857-1