Utah Admin. Code R362-5-10 - Associated Fee
(1) OED's costs of
administering and directing the C-PACE District are financed by program fees
charged to property owners upon project financial closing.
(a) In accordance with Section
63J-1-504, OED charges a program
fee that consists of a one-time charge of three percent (3.0%) of the financed
amount per project, provided that the fee does not exceed ninety thousand
dollars ($90,000) per project.
(2) On behalf of OED, the thirty party
delegate provides an invoice to the third-party lender for the program fee.
(a) The third-party lender remits the fee to
the third party delegate within 10 days of financial closing.
(b) Upon receipt of the fee, the third party
delegate remits 0.5% of the collected fee, up to $15,000, to OED within 10 days
of receipt.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.