Local Government Loan Program (LGLP)
The Local Government Loan Program provides competitive interest rates for 3
to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts
are issued under this program. All Michigan units of local government and public
entities are eligible to apply.
Loans have included:
- Purchases of equipment
- School buses
- Fire trucks
- Real property
- Energy conservation improvement
- Infrastructure needs
- Refunding existing debt
Borrowers can pledge state aid as security for the loans and also have the
option of using their own investment credit or bond insurance.
The rates for the Local Government Loan Program will vary depending on the
loan period and of type of loan:
- Insured Bonds
- Local Project Bonds
- School Program Bonds
- Transportation Fund Bonds
- Revenue Sharing Bonds
Program Information
Please contact MFA for detailed information.
| Michigan Finance Authority |
Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: (517) 335-0994
Fax: (517) 241-9509
www.michigan.gov/mfa
TreasMFA@michigan.gov
