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