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Bureau of State & Authority Finance Mission

The Bureau of State and Authority Finance will achieve and maintain access to the financial market at the lowest cost to the citizens of Michigan and provide equality of access to financial resources and information on behalf of:
  • Municipalities
  • Healthcare Providers
  • Public, Private, and Charter Schools
  • Higher Education
  • Students and Parents Pursuing a Post-Secondary Education
  • The State-at-large for environmental, recreational, and other specific-voter approved projects
  • The State for cash flow financing for operating purposes

Authority Finance Division

The Authority Finance Division, as part of the Bureau of State and Authority Finance, provides financial and administrative support services for the Michigan Finance Authority (MFA), which includes:
  • Providing front-end analysis and advice when borrowers are deciding among financing alternatives and credit enhancements.
  • Confirming bond-pricing levels are appropriate.
  • Expediting the financing process.
  • Verifying that costs of issuance are appropriate.
  • The ability to issue one series of bonds for multiple locations throughout the state of Michigan.
  • Offering assistance in the determination of eligibility of borrower and the project.
  • Working with underwriter, financial advisor, and bond counsel to complete bond transactions in a cost effective manner.

State Finance Division

The State Finance Division, as part of the Bureau of State and Authority Finance, assists the State Treasurer in managing the State's Common Cash Fund and Cash Flow Activity, the Issuance of State Bonds and Notes, compliance with federal tax laws, and SEC disclosure requirements. It performs fiscal agent and trust services for various bond issues and public finance programs, oversight of compliance of the Federal Cash Management Improvement Act (CMIA) requirements for drawing federal funds, and administers the State's School Bond Qualification and Loan Program.

Bureau of State & Authority Finance

Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922

Phone: 517-35-0994
Fax: 517-241-9509

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