State Aid Note Program Bridge
Loan, Series 2008A
Application Due
June 27, 2008
Pricing
Tuesday, August 5, 2008
Interest Rate Information
E-mailed to school districts Tuesday, August 5, 2008
Acceptance of Interest Rate
School districts confirm acceptance of interest rate via email
no later than 10:00 a.m., Wednesday, August 6, 2008 at
TreasMMBA@michigan.gov
Purchase Contracts Sent via
Overnight Mail
Wednesday, August 6, 2008
Received by school districts on Thursday, August 7, 2008
Fax Signed Purchase Contract
Back to Authority
(517) 241-9509 or (517) 335-2160
No later than 4:00 p.m. on Thursday, August 7, 2008
Send one originally signed
purchase contract back to the Authority
via overnight mail for delivery on Monday, August 11, 2008 to
430 W. Allegan Street, 1st Floor, Lansing, MI 48922
Begin Borrowers' Pre-Closing
With Authority:
August 15, 2008
Local transcripts must be received from each school district's note counsel by
this date.
Closing:
Note Proceeds Wired to School Districts by close of business
August 20, 2008
PLEASE MAKE SURE SOMEONE
AUTHORIZED TO
ACCEPT THE INTEREST RATE AND SIGN THE PURCHASE CONTRACT
WILL BE AVAILABLE AUGUST 5 THROUGH AUGUST 7, 2008
Additional information may be
found at the Authority's website: www.michigan.gov/mmba