MH&EFA Missouri Health & Educational Facilities Authority
Policies, Practices & Applications

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FEE SCHEDULE
as of
July 23, 2014

For Bonds Issued After the Revised Date of These Policies Set Forth Above

One-Time Authority Application Fee:    $1,000

On-going Authority Annual Service Fee (payable throughout the life of the financing):

            .0002 X principal amount of Bonds outstanding up to $40 million
                  plus
            .0001 X principal amount of Bonds outstanding in excess of $40 million

One-Time Authority’s Financial Advisor Fee - .001575 X principal amount of Bonds issued, with a minimum fee of $5,000 and a maximum fee of $31,500. The fee is paid 50% by the borrower and 50% by the Authority. However, if the borrower has an underlying credit rating of BBB+/Baa1/BBB+ or higher from Standard & Poor's, Moody's or Fitch, the borrower does not pay any financial advisor fee.

One-Time Authority’s Counsel Fee - paid by the borrower based on firm's hourly rates - the fees typically range from $10,000 to $20,000; such fees typically are at the higher end in complex or extended transactions and in bond issues involving projects outside the State of Missouri.

 

Note: For Authority "program" bond or note transactions the foregoing fees are to be paid as an expense of the Program.

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