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2.59.104    SEMI-ANNUAL ASSESSMENT

(1) Based upon the following schedule, and upon calculation of the semiannual value for the respective bank, the value shall be multiplied by the factor of 1.50 to determine the dollar fee assessment, rounded to the next highest dollar, due the Division of Banking and Financial Institutions for the semiannual period.

Total assets
(Million)


Base
Plus rate/
Million
Over
(Million)
0-1 0 .00085 0
1-10 850 .000105 1

10-50

1,795 .000085 10
50-100 5,195 .00005 50
over 100 7,695 .00003 100

(2) For the period April 27, 2012 through September 30, 2012, the assessment fee must be multiplied by a factor of .50. This section will sunset October 1, 2012.

History: 32-1-218, MCA; IMP, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12.

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