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| State Aid Note Program
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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
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State Aid Note Program Forms and Instructions
- August 2009
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:
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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+ |
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