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Photo of a small town's main street.How Do We Serve Municipalities?

The Michigan Municipal Bond Authority was created to provide effective, low-cost financing to local units of government in Michigan. The municipalities eligible for financing include: cities, villages, townships, counties, commissions and authorities, public school districts, community colleges, public colleges & universities, as well as many special purpose units, which include: drainage districts, fire protection, libraries, transit, waste management, and parks and recreation.

It is the goal of the Authority that, by reducing the financing costs for municipalities through the offering of tax-exempt bonds, the local costs and taxes for residents of Michigan will also be reduced.

Local Government Loan Program
Click here for: information on competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program.
Revolving Fund Programs
Click here for: information on low cost financing for municipal wastewater facilities (State Revolving Fund) and drinking water projects (Drinking Water Revolving Fund).
Strategic Water Quality Initiatives Fund
Click here for: information on providing municipalities with access to financing for the construction of needed water pollution control projects.
Additional Links
Click here for: information on qualifying statements, municipal finance forms and more.
Bureau Contact Information & Organization
Click here for: information on how to reach the Bureau of Bond Finance.
 
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