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<br />APPENDIX A - FEES <br /> <br />The Bonds to be initially covered under tins contract include all issues of ta,x-exempt bonds delivered subsequent to the effective <br />dates of the rebate requirements, to tile extent tIlat any particular issue does not qualify for exceptions to tile rebate requirements in <br />accordance witIl Section 148 of tile Internal Revenue Code and related Treasury regulations. The fee for all bonds included in tIllS <br />contract shall be: <br /> <br /> Annual Fees <br />Description Per Computation <br /> Year (1) <br />Base Fee For First Computation Year (General Obligation) $1,800 <br />Base Fee For First Computation Year (Revenue) $2,300 <br />Subsequent Year Fees: <br />General Obligation $600 <br />Revenue $750 <br /> <br />(1) A "Computation Year" represents a one year period from the delivery date of the issue to the date that is one year after <br />the delivery date, and each subsequent one-year period thereafter. Therefore, if a calculation is required that covers <br />more than one "computation year," the annual fee is multiplied by the number of computation years contained in the <br />calculation being performed. For example, if the first calculation performed for an issue covers three computation <br />years, the fee for that calculation would be three times the annual fees stated above. <br /> <br />The fee for any Bonds under this contract shall only be payable if a computation is required under Section 148(1)(2) of tile <br />Internal Revenue Code of 1986, as amended. In the event that any of the Bonds, comply with an exclusion to the <br />computation requirement as defined by Section 148 of the Internal Revenue Code or related regulations and no calculations <br />were required by First Southwest to make that determination, the specified fee will be waived by First Southwest. For <br />example, certain bonds are excluded from the rebate computation requirement if the proceeds are spent within specific time <br />periods. In the event one of the above-captioned Bonds fulfill the exclusion requirements of the Internal Revenue Code or <br />related regulations, the specified fee will be waived by First Southwest if no calculations were required to make the <br />determination. <br /> <br />First Southwest's fees are payable upon delivery of the report prepared by First Southwest, commencing one year after the <br />date of delivery of the Bonds and on each computation date thereafter during the term of tile Agreement, unless terminated <br />earlier. <br /> <br />The fees for computations of Arbitmge Amount which encompass more, or less, than one full year of investment data <br />performed during the same computation period shall be prorated to reflect the longer, or shorter, period of work performed <br />during that period. <br /> <br />4 <br />