Applications and Fees

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Private Activity Bond Authority (PAB) Applications

PLEASE NOTE:
  • Additional information for any of the PAB Programs listed below, including application guidelines, policies and procedures, etc., can be found at the following link.  Click Here
  • Except as noted, for additional information or questions regarding the application, please contact Roxanne C. Graham at (801) 538-8699 (W), (801) 580-3317 (C) or at roxanneg@utah.gov.

Manufacturing

Applicants of the Manufacturing Facility Program (also known as IDBs or IRBs) are manufacturing facilities who are interested in expanding their businesses.  For more detailed information regarding manufacturing bonds, please view the application link below.

Exempt Facilities

Applicants of the Exempt Facilities Program are certain kinds of facilities that serve the general public, i.e., airports, mass commuting facilities, water and sewer facilities, facilities that furnish electricity or gas, etc., that are interested in expanding their business.  Since most of the information requested on the Manufacturing Facilities Application is relevant to Exempt Facilities the same application is used for both programs.

Multi-Family Housing

PAB and UHC use a joint application for Multi-Family Housing.  The link below will direct you to the UHC web site to obtain the application.

Single Family Housing

The only applicant for the Single Family Housing Program is Utah Housing Corporation (UHC).  For a description of this program click on the link below.  For additional information, please contact UHC at RSAEVA@uthc.org or call (801) 902-8200.  

Student Loan

The only applicant for the Student Loan Program is the Utah State Board of Regents, also known as the Utah Higher Education Assistance Authority (UHEAA).  For a description of this program click on the link below.  For additional information, please contact UHEAA at uheaa@utahsbr.edu or call (801) 321-7200.  


Qualified Energy Conservation Bonds (QECB) Application

Qualified energy conservation projects can be in any of the following areas:
  • Energy efficiency capital expenditures in public buildings.
  • Renewable energy production.
  • Various research and development applications.
  • Mass commuting facilities that reduce energy consumption.
  • Several types of energy related demonstration projects.
  • Public energy efficiency education campaigns.
Any eligible issuing authority (county, city/town) within the state can apply for volume cap to fund these types of projects.

 

Fee Structure for Applications and Extensions

Listed below is the approved fee structure for all Private Activity Bond and Qualified Energy Conservation Bond Program applications reviewed and approved by the Private Activity Bond Authority Review Board.  All fees are non-refundable.  Please make all checks payable to the "State of Utah - Private Activity Bond Authority" and submit it along with the application to:
                    Roxanne C. Graham, Program Director, Private Activity Bond Authority
                    60 East South Temple, 3rd Floor, Salt Lake City, Utah 84111

Application Fees

Application fees are due at the time of application submission for review and approval by the Board.  Omission of fees will render applications incomplete and subject to disqualification.


Application Amount First Time Application Fee Application Resubmission Fee
Under $3,000,000 $1,500 $750
$3,000,000 - $5,000,000 $2,000 $1,000
Over $5,000,000 $3,000 $1,500


Confirmation Fees

A confirmation fee is charged for all applications approved by the PAB Review Board.  Applicants will be invoiced within five (5) business days after the Board Meeting in which the approval was granted.  Confirmation Fees are due within 10 days of invoice receipt.


Confirmation Fee
$300 per Million Dollars of Volume Cap Received


Allocation Period

Each Certificate of Allocation is valid for a period of 90 days or until the next PAB Board Meeting.  If the bonds for the approved allocation are not issued within the 90-day period, the certificate becomes void.

Extension Requests

Applicants who are not able to close their bonds during the initial 90-day period may request an extension from the Board.  Extension approval is based on the project advancement.  Applicants are encouraged to attend Board Meetings to answer any questions and update the Board on the progress of the development.

For three or more extension requests a comprehensive review of the project will be done prior to the Board Meeting.  Applicants are requested to personally attend the Board Meeting to respond to the review, provide information on any recent developments and answer any questions the Board may have.  The applicant may be asked to reapply after the third extension review if there is no substantial evidence of closing the bonds.

Applicants requesting an extension to a pre-approved volume cap allocation must pay the appropriate extension fee immediately after the board meeting in which the extension is approved.  This policy became effective on April 11, 2007.

Extension Fees are as follows:

Extension Request Fee
First No Charge
Second

$2,000
Third $4,000
Fourth $8,000


Please note the following items in regards to Certificate Extensions and Expiration Dates:
  • PAB Manufacturing and Exempt Facilities Programs are not eligible for CarryForward allocation (allowing your volume cap allocation to be carried over to the new calendar year).  Bonds must close by the third Saturday in December of the same year in which the project was approved by the Board.  Any volume cap not issued by this date must be relinquished back to the Board.
  • Certificates issued for extensions on multi-family projects in the October Board Meeting are only good until the December Meeting, due to the program running on a calendar year basis. Extension certificates for multi-family projects issued in the December Meeting are valid until the April Board Meeting of the following year.  They do not come up for extension renewal in the January Review Meeting.