California School Finance Authority

Bond Financing Fees

Application Fee

$1,500 non-refundable and submitted with the application

Initial Issuance Fee *

  • 0.15% of par amount of bonds issued up to $10,000,000
  • 0.05% on amounts above $10,000,000
  • Maximum fee of $75,000 per transaction
  • The issuance fee is due and payable at closing.

* New money and refunding debt

Annual Administration Fee

0.015% of amount of bonds outstanding ($500 minimum).

Note Financing Fees

Application Fee

$1,500 non-refundable and submitted with the application

Issuance Fee

0.075% of par amount of the bonds issued. The issuance fee is due and payable at closing.

Annual Administration Fee

No annual administration fee applies to note financings.

The applicant also shall reimburse the Authority for all reasonable and necessary out of pocket expenses which the Authority may incur at the applicant's request and all other expenses direct or indirect, properly allocable to the proposed financing. Unless paid out of the proceeds of the bonds issued, all fees for a particular proposed financing shall be paid by the applicant and deposited in the Authority Fund.