The State Aid Note is a streamlined loan program
to finance short-term operational cash flow needs for Michigan public schools.
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 August 2008
State Aid Note Program
Application: August 2008 (form 4384B) - fillable
Additional Forms
Cash Flow Workbook: August 2008
(form 4385B) includes an Instructions,
Monthly Cash Flow, and Weekly Cash Flow tabs
Additional Materials
MMBA State Aid Note
Program Advisory: August 2008
School
Districts Borrowing Options: August 2008
SAN
Schedule: August 2008
7 Step
Borrowing Process: State Aid Note August 2008
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) 335-2160
2008 State Aid Note Program Bridge Loan
(April)
7 Step Borrowing Process: State
Aid Note April 2008
MMBA Bridge Loan
Advisory: April 2008
Rate Summary:
| |
2007 A
(Bridge Note) |
2007 B
(Set Asides) |
2007 B
(No Set Asides) |
2008 A
(Set Asides) |
2008 A
(No Set Asides) |
| Closing Date |
19-Apr-07 |
20-Aug-07 |
20-Aug-07 |
20-Aug-08 |
20-Aug-08 |
| Maturity Date |
20-Aug-07 |
20-Aug-08 |
20-Aug-08 |
20-Aug-09 |
20-Aug-09 |
| Interest Rate to Borrowers |
3.68% |
3.68% |
3.68% |
1.80% |
2.30% |
| Credit Rating |
SP-1+ |
SP-1+ |
SP-1+ |
SP-1+ |
SP-1+ |
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