 | | |
How Do We Serve Public Schools?
 The State of Michigan has created several mechanisms which provide access to effective, low-cost financing to Michigan's public schools.
By reducing the financing costs for public schools through tax-exempt bonds, the educational costs for the residents of Michigan will also be reduced.
Please see below for specific program information. In addition, we have compiled a list of helpful links pertinent to Michigan public schools. |
| |
|
Public School Districts
• School Bond Qualification and Loan Program (SBQLP)
Qualified bonds provide school districts with access to the State's credit rating, which will usually result in a lower interest rate and cost, and the ability to borrow for the principal and interest requirements on outstanding qualified bonds (subject to a minimum debt millage). | • Installment Purchase Program
Provides borrowers with a streamlined process to purchase essential use equipment. The borrowing term matches the useful life of the purchased asset up to a maximum loan term of 15 years. | • State Aid Note Program
The State Aid Note Program offers a simplified borrowing process for schools to fund short term cash flow needs for operating purposes. | • 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. |
| |
| |
Public School Academies
• Long-Term Financing
Provides an effective, low-cost, facilities financing option to finance: land, facilities, equipment, energy conservation improvement or to refinance existing debt. |
| |
|
Contact Bond Finance
Location:
Austin Building, 1st Floor
(Formerly Treasury Building)
430 W. Allegan
Lansing, MI 48922
Mail:
P.O. Box 15128
Lansing, MI 48901
Phone: (517) 335-0994
Fax: (517) 241-9509 |
| |
|
| |
|
Printer Friendly
Text Version 
Email Page
