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School Bond Qualification and Loan Program

The School Bond Qualification and Loan program was established by the Michigan Constitution of 1963 and amended by Public Act 92 of 2005 to provide a state credit enhancement and loan mechanism for school district bond issues. The bonds must be qualified by the State Treasurer and the bond proceeds must be used for capital expenditure purposes.

School Bond Qualification and Loan Program
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) 241-1233

Qualified Bonds Overview
Click here for: information regarding how Qualified Bonds can provide school districts with access to the State's credit rating, and the ability to borrow for the principal and interest requirements of outstanding qualified bonds.
School Loan Revolving Fund
Click here for: information regarding the loans available for public school districts.
Stay Informed
Click here for: SBQL Listserv subscription information. Keep up to date regarding program changes and deadlines.
Reports & Elections
Click here for: information on qualification satistics, upcoming elections, election results, and loan balances.
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