May 2013 Semi-Annual Application

Deadline is April 1, 2013

May 2013 Semi-Annual Applications were emailed to school districts on March 6, 2013.

Information for School Districts:

Please review the application materials for accuracy, complete the forms, and e-mail, fax, or mail all of the required documents back to the address provided. (Only one copy is needed).

The cover transmittal, worksheet, and reconciled bank statements must be returned no later than April 1, 2013. Failure to meet this deadline could result in notification to and written acknowledgement from your district's school board. In addition, Treasury may withhold a school district's state aid funds until the school district is in compliance.

If the school district will not be borrowing from the SLRF at this time, please inform the SBL staff by returning the Cover Transmittal or submitting an e-mail to TreasSBQLP@michigan.gov. Final verification of the disbursement will be requested via fax/email on or before April 15, 2013. Modifications will require certification by the authorized officer. Requested funds will be wire transferred 5 business days prior to the May 1, 2013 payment due date. Therefore, the disbursement proceeds will be deposited in the designated account on April 24, 2013. In order to remain in compliance with the paying agent, debt service payments should be wired on or before April 25, 2013.

Any questions may be directed to:

The School Bond Loan Auditor
Phone: 517-335-0994
Email: TreasSBQLP@michigan.gov

Thank you for your cooperation and prompt attention to this matter.