TREASURY - State Aid Note Program

Michigan.gov, Official Portal for the State of Michigan

Michigan.gov Home	Treasury Home \| Sitemap \| Contact Treasury \| FAQ \| Forms \| Online Services


>	Loan Programs & Authorities

	Michigan Higher Education Facilities Authority

	Michigan Municipal Bond Authority

	Michigan Public Educational Facilities Authority

	Michigan State Hospital Finance Authority

	Michigan Tobacco Settlement Finance Authority

	School Bond Qualification and Loan Program

	Annual Reports, Audits and Election Results


>	Municipalities

>	Healthcare Providers

>	Public Schools

>	Colleges / Universities

>	State Cash Management

>	State Debt Management

>	Bond Resources & Information

>	Investments

Printer Friendly Text Only Version

Text Version

Email Page

State Aid Note Program

The Authority facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short term rating (SP-1+), resulting in competitive interest rates and lower costs for the schools.

State Aid Note Program Loan - August 2009
Application and Cash Flow Due: June 26, 2009

General Information

State Aid Note Program Forms and Instructions - August 2009

Application: SAN Program Loan - August 2009 (form 4384) - fillable
Cash Flow Workbook: SAN Program Loan - August 2009 (form 4385) includes an Instructions, Monthly Cash Flow, and Weekly Cash Flow tabs

Please print the application, fill it out and submit all information to:

Michigan Municipal Bond Authority
Department of Treasury
430 West Allegan Street
Lansing, Michigan 48922
Telephone : (517) 335-0994
Fax: (517) 241-9509

Rate Summary:

	2008 A (Set Asides)	2008 A (No Set Asides)	2008 B (No Set Asides)	2009 C1 (Set Asides)	2009 C2 & C3 (No Set Asides)
Closing Date	20-Aug-08	20-Aug-08	12-Dec-09	20-Aug-09	20-Aug09
Maturity Date	20-Aug-09	20-Aug-09	20-Aug-09	20-Aug-10	20-Aug-10
Interest Rate to Borrowers	1.80%	2.30%	1.20%	1.40%	0.85%
Credit Rating	SP-1+	SP-1+	SP-1+	SP-1+	SP-1+