§ 1808.605 Agency Administrative Fee.
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Title 12 CFR: Banks and Banking › Chapter XVIII: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY › Part 1808: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM › Subpart F: Terms and Conditions of Guarantee › § 1808.605: § 1808.605 Agency Administrative Fee.
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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.
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