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| Michigan Public Educational Facilities Authority |
 The
Michigan
Public
Educational
Facilities
Authority was created by Executive
Order 2002-3, to provide public school academies with
access to the effective, low-cost financial mechanisms utilized by
traditional school districts. |
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| Authority
Mission Statement |
| The Michigan Public
Educational Facilities Authority is dedicated to providing
opportunities for low cost financing and technical assistance for (i)
qualified public educational facilities and (ii) public school academies
through its bonding and loan programs. |
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| MPEFA Fee Schedule |
The Michigan Public Educational Facilities Authority approved a new fee schedule for Long Term Facilities Financing and the Qualified Public Educational Facilities Bonds:
- Academies will no longer pay an application or issuance fee.
- Annual fee has been reduced from .125% to .05% and will continue to be prorated and paid in arrears on an annual basis.
The new fee structure is effective January 1, 2007.
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| MPEFA
Board Meetings |
| Next Meeting: |
November 23, 2009 |
9:00 a.m. |
|
Full
Schedule |
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| Location:
|
State Treasurers' Board Room
Austin Building, 1st Floor
430 W. Allegan
Lansing, Michigan
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Driving
Directions |
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| MPEFA
Members |
Chair:
David S. Mittleman |
Partner
Church Wyble, P.C. |
Members:
Amal M. Berry-Brown |
Vice
President National Arab & Chaldean Business Affairs
Comerica Bank |
| Mark J. Burzych |
Partner
Fahey Schultz Burzych Rhodes, PLC |
| Timothy
A. Hoffman |
Director
of Regulatory Affairs
Consumers Energy |
| Robert
J. Kleine |
State
Treasurer |
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| Representative
for State Treasurer: |
Tom Saxton
Deputy State Treasurer |
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| Additional
Program Information |
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PSA
Long-Term Financing
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| The Michigan Public Educational Facilities Authority (MPEFA) provides an effective, low-cost, facilities financing option for public school academies (PSAs). This is a program designed specifically for PSAs with their particular needs in mind. (More) |
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PSA
State Aid Note
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| The PSA State
Aid Note offers a simplified borrowing process to fund short term cash
flow needs for operating purposes. (More) |
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Location: Austin
Building, 1st Floor
(Formerly Treasury Building)
430 W. Allegan
Lansing, MI 48922
Mail: P.O. Box 15128
Lansing, MI 48901
Phone: (517) 335-0994 Fax: (517) 241-9509
Treas_MPEFA@michigan.gov
www.michigan.gov/mpefa |
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