August 20, 2013

Application Phase I Due: June 14, 2013
Application Phase II Due: June 28, 2013

The Michigan Finance Authority ("MFA") offers a streamlined loan program to finance short-term operational cash flow needs for public school academies. MFA facilitates the process by pooling the loans, soliciting bids, and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs for the schools.

General Information

• PSA State Aid Note Loan Program Requirements – August 2013
• PSA State Aid Note Loan Application and Loan Process – August 2013
• Financing Schedule – August 2013
• State Aid Status Reports (Find ISD, Use Current Year Allowance Total on Pg. 1) *New*

Documents due on or before June 14, 2013 (Phase I)

• PSA State Aid Note Loan Program Application (Form 4039A)
• Certificate of Authorizing Body (Form of)
• LAFD Qualification or Proof of Application
• Educational Service Provider Agreement (management contract), if any

Documents due on or before June 28, 2013 (Phase II)

• PSA State Aid Note Loan Program Cash Flow Attachment (Form 4046A) Requires Excel 2007 or later
• Academy Board Resolution Authorizing State Aid Note Borrowing (Form of)
• Academy General Fund Budget – Fiscal Year End 6/30/2013, as amended
• Academy General Fund Budget – Fiscal Year End 6/30/2014, as adopted