1-16A-33. Initial planning service fee to accompany applications.
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/sd/title-1/chapter-1-16/1-16a-33A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When any application is made to the authority by any participating health institution or participating educational institution for financial assistance to provide for its facilities, such application shall be accompanied by an initial planning service fee in an amount determined by the authority, but in any event not exceeding the lesser of ten thousand dollars or one - fourth of one percent of the principal amount of bonds covered by such application. Such initial planning service fee shall be included in the cost of the facilities to be financed and shall not be refundable by the authority whether or not any such application is approved.