Exhibit (h)(12)
ADMINISTRATION AGREEMENT
AGREEMENT dated as of November 18, 2002, between LIBERTY FUNDS TRUST V, a
Massachusetts business trust (the "Trust"), with respect to Liberty Rhode Island
Intermediate Municipal Bond Fund (the "Fund"), and COLONIAL MANAGEMENT
ASSOCIATES, INC., a Massachusetts corporation (the "Administrator").
In consideration of the promises and covenants herein, the parties agree as
follows:
1. Subject to the general direction and control of the Board of Trustees of
the Trust, the Administrator shall perform such administrative services as
may from time to time be reasonably requested by the Trust, which shall
include without limitation: (a) providing office space, equipment and
clerical personnel necessary for maintaining the organization of the Fund
and for performing the administrative functions herein set forth; (b)
arranging, if desired by the Trust, for Directors, officers and employees
of the Administrator to serve as Trustees, officers or agents of the Fund
if duly elected or appointed to such positions and subject to their
individual consent and to any limitations imposed by law; (c) preparing
and, if applicable, filing all documents required for compliance by the
Fund with applicable laws and regulations, including registration
statements, registration fee filings, semi-annual and annual reports to
shareholders, proxy statements and tax returns; (d) preparation of agendas
and supporting documents for and minutes of meetings of Trustees,
committees of Trustees and shareholders; (e) coordinating and overseeing
the activities of the Fund's other third-party service providers; and (f)
maintaining books and records of the Fund (exclusive of records required
by Section 31(a) of the 1940 Act). Notwithstanding the foregoing, the
Administrator shall not be deemed to have assumed or have any
responsibility with respect to functions specifically assumed by any
transfer agent or custodian of the Fund.
2. The Administrator shall be free to render similar services to others so
long as its services hereunder are not impaired thereby.
3. The Fund shall pay the Administrator monthly a fee at the annual rate of
0.0668% of the average daily net assets of the Fund.
4. This Agreement shall become effective as of the date of its execution, and
may be terminated without penalty by the Board of Trustees of the Trust or
by the Administrator, in each case on sixty days' written notice to the
other party.
5. This Agreement may be amended only by a writing signed by both parties.
6. In the absence of willful misfeasance, bad faith or gross negligence on
the part of the Administrator, or reckless disregard of its obligations
and duties hereunder, the Administrator shall not be subject to any
liability to the Trust or Fund, to any
shareholder of the Trust or the Fund or to any other person, firm or
organization, for any act or omission in the course of, or connected with,
rendering services hereunder.
LIBERTY FUNDS TRUST V
on behalf of Liberty Rhode Island Intermediate Municipal Bond Fund
By: _____________________________
J. Xxxxx Xxxxxxxxxxx
Treasurer
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: _____________________________
Xxxx X. Xxxxxxxxxx
Secretary
A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Fund.
