State Administrative Fee Sample Clauses
The State Administrative Fee clause establishes the requirement for payment of a fee to a state agency or authority for administrative services related to a contract or transaction. Typically, this fee is calculated as a percentage of the contract value or as a fixed amount, and is paid by the contractor or vendor as part of their obligations under the agreement. The core function of this clause is to ensure that the state recovers costs associated with managing, processing, or overseeing the contract, thereby allocating administrative expenses fairly and transparently.
State Administrative Fee. Except as provided in the next sentence, each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio is subject to a state administrative fee at an annual rate of 0.03% of the average daily net assets, which is accrued daily and reflected in the NAV of each Age-Based, Target, Individual Fund, and Individual Fund ETF Portfolio. The Money Market 529 Portfolio is subject to a state administrative fee at the annual rate of 0.00% of the average daily net assets. The Treasurer may, in its sole discretion, modify the state administrative fee. Account owners will be notified of any change in the state administrative fee.
State Administrative Fee. Each Portfolio is subject to a state administrative fee at an annual rate of 0.07%.