§1808.605. Agency Administrative Fee.
12 C.F.R. § 1808.605
The Qualified Issuer shall pay the CDFI Fund annually a fee equal to 10 basis points (0.1 percent) of the amount of the unpaid principal of the Bond(s). The initial Agency Administrative Fee must be paid in full as a condition to closing any Agreement to Guarantee, no later than the effective date of the Agreement to Guarantee.
Notes, amendments, and revision history
Authority
Authority: The Small Business Jobs Act of 2010, Pub. L. 111-240, §§ 1134 and 1703; 12 U.S.C. 4713a.
Source
Source: 78 FR 8310, Feb. 5, 2013, unless otherwise noted.