TREASURY - State Aid Note Program

State Aid Note Program (SAN)

The SAN is a streamlined loan program to finance short-term operational cash flow needs for traditional public schools. Michigan Finance Authority (“MFA”) facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs of borrowing.

State Aid Note Program, August 2013

Borrowing Parameters – August 2013 *New*
Application and Loan Process – August 2013
Financing Schedule – August 2013 *Subject to Change*
Borrowing Options
State Aid Status Reports (Find ISD, Use Current Year Allowance Total on Pg. 1) *New*
Deficit District Information and Required Forms *New*

SAN Application Materials, August 2013

MUST be submitted together

Application: SAN Loan Program – August Series 2013 (form 4384A) *Updated*
Cash Flow Workbook: SAN Loan Program – August Series 2013 (form 4385A)
includes an Instructions tab and a Cash Flow tab – requires Excel 2007 or later.

Michigan Finance Authority

Richard H. Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: (517) 335-0994
Fax: (517) 241-9509
www.michigan.gov/mfa
TreasMFA-StateAidNote@michigan.gov