TREASURY - State Aid Note Program

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State Aid Note Program

The Authority facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short term rating (SP-1+), resulting in competitive interest rates and lower costs for the schools.

State Aid Note Program Loan - August 2009
Application and Cash Flow Due: June 26, 2009

General Information

State Aid Note Program Forms and Instructions - August 2009

Application: SAN Program Loan - August 2009 (form 4384) - fillable
Cash Flow Workbook: SAN Program Loan - August 2009 (form 4385) includes an Instructions, Monthly Cash Flow, and Weekly Cash Flow tabs

Please print the application, fill it out and submit all information to:

Michigan Municipal Bond Authority
Department of Treasury
430 West Allegan Street
Lansing, Michigan 48922
Telephone : (517) 335-0994
Fax: (517) 241-9509

Rate Summary:

	2008 A (Set Asides)	2008 A (No Set Asides)	2008 B (No Set Asides)	2009 C1 (Set Asides)	2009 C2 & C3 (No Set Asides)
Closing Date	20-Aug-08	20-Aug-08	12-Dec-09	20-Aug-09	20-Aug09
Maturity Date	20-Aug-09	20-Aug-09	20-Aug-09	20-Aug-10	20-Aug-10
Interest Rate to Borrowers	1.80%	2.30%	1.20%	1.40%	0.85%
Credit Rating	SP-1+	SP-1+	SP-1+	SP-1+	SP-1+


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