PIDC

PAID Bond Financing Program

Fee Structure
PAID BOND ISSUE FEES
(Effective September 1, 2001)

	Financing/Loan Agreements	Installment Sale Agreements
Application Fee:
	$2,000	$2,000

Origination Fee (New Debt):
1st $10 million	0.375%	0.375%
2nd $10 million	0.25%	0.25%
3rd $10 million	0.125%	0.125%
over $30 million	0.0625%	0.0625%

Legal Fees:
up to $2.5 million	$2,500	*Note 1
$2.5+ - 5.0 million	$5,000
$5.0+ - 7.5 million	$7,500
$7.5+ - 10.0 million	$10,000
over $10.0 million	$15,000

Annual Administrative Fee:
	No Annual Fee	.05% of principal amount of bond issue up to$50 million issue size; negotiable for issues greater than $50 million

*Note 1: for bond issues where PAID remains in title, i.e. Installment Sale Agreements or governmental bonds, the legal fee charged will be the greater of the legal fee that would be due on a Financing/Loan Agreement of the same size, or if special Authority Counsel is retained, the actual fee charged by such Counsel.