Oregon State Treasury

Ted Wheeler OREGON STATE TREASURER

Rules and Fees

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This page contains a listing of all fees charged to Local Government Agencies for various services that the Debt Management Division provides.  These fees can also be found in Oregon Administrative Rule 170-061-0015.

Public Bodies

The Oregon State Treasury (OST) shall charge the fees set forth below in connection with the services, duties and activities of the OST related to bonds issued by public bodies in Oregon; expenses incurred in reviewing refunding and defeasance plans may be charged against the bond proceeds or may be paid by the public body from such other funds as may be available:

Advance Refunding Plan Application and Review

The application fee for submission of an advance-refunding plan is $350. The fee for review and approval of an advance refunding plan is $3,000 per sale of refunding bonds for sales of $2 million or less, and $5,000 per sale of refunding bonds for sales exceeding $2 million. If the plan is not approved or the refunding not completed the review and approval fee will not be charged.

Oregon School Bond Guarantee Program

School Districts that submit an application for participation in the Oregon School Bond Guarantee Program shall submit an application fee of $200 to OST at the time their application is submitted. School Districts whose bonds are guaranteed by the state shall submit to OST, within 10 business days of closing of any guaranteed bonds, a fee equal to .03% (.0003) of the total principal and interest due, assuming the bonds are paid on their regularly scheduled maturity or redemption dates.

If bonds are issued as "Qualified Bonds" under OAR 170-063-000 that may be converted to an interest bearing format over and above interest payments that may be due and payable under the original terms of bonds, the fee for such Qualified Bonds shall be equal to .045% (.00045) of the total principal and interest due, assuming the bonds are paid on their regularly scheduled maturity or redemption dates and that there is no conversion to a different interest bearing format than the original terms of the bonds.

Municipal Debt Advisory Commission

OST shall charge the following fees in connection with the services, duties and activities of the OST as staff to the Municipal Debt Advisory Commission. 

Administrative Tracking and Reporting Fee

Local Government entities shall submit, at the time of closing, a fee equal to: (i) $800 for bond sales of $8 million or less, (ii) 0.01% (0.0001) of the principal amount for bond sales of greater than $8 million but, less than $50 million, or (iii) $5,000 for bond sales of $50 million or greater.

Overlapping Debt Report Fee

Overlapping Debt Reports requested for any date within one year of the request are provided free of charge. For Overlapping Debt Reports requested for any date greater than one year prior to the request date, subsection (c) applies.

Other Fees and Charges

Fees for specialized reports and services shall be determined by the number of hours spent producing such specialized report or service times the rate of $115 per hour.

Private Activity Bonds

Current Year Allocation

State agencies or public bodies that submit an application for allocation of the state’s private activity bond volume limit (“CAP”) for the current year to the Private Activity Bond Committee under OAR 170-071-0005 shall submit an application fee of $200 to OST when their application is submitted. State agencies or public bodies who receive CAP shall pay to OST: (i) For a bond sale of $10 million or less, a fee equal to $3,000, payable within 10 business days of the closing bond sale, (ii) For a bond sale of more than $10 million, a fee equal to $10,000 payable within 10 business days of the closing bond sale, or (iii) for a Mortgage Credit Certificate program, a fee equal to $2,000, payable within 10 business days of the date of the notice of allocation by OST.

Carry Forward Allocation

State agencies or public bodies that submit an application for carry forward CAP allocation under OAR 170-071-0005(10) shall submit an application fee of $200 to OST when their application is submitted. State agencies or public bodies who receive carry forward CAP shall pay to OST:
For a bond sale of $10 million or less, a fee equal to $3,000 of which the first $500 is payable within 10 days of the date of the notice of allocation by OST, with the balance payable within 30 days of the closing of the first bond sale associated with the allocation, (ii) For a bond sale of more than $10 million, a fee equal to $10,000 of which the first $2,000 is payable within 10 days of the date of the notice of allocation by OST, with the balance payable within 30 days of the closing of the first bond sale associated with the allocation, or (iii) for a Mortgage Credit Certificate program, a fee equal to $2,000, payable within 10 business days of the date of the notice of allocation by OST.

 

OST may, at its discretion, waive or reduce any fee outlined in sections (1) to (4) based on compelling financial reasons.