Local Emergency Financial Assistance Loan Board

About the Board

The Local Emergency Financial Assistance Loan Board is created under the Emergency Municipal Loan Act, Public Act 243 of 1980.  The three-member board is comprised of the State Treasurer, Director of the Department of Licensing and Regulatory Affairs, and Director of the Department of Technology, Management, and Budget, or their designee.  The Board acts upon loan applications received from municipalities currently experiencing a financial emergency.  Loan proceeds originate from surplus funds in the state treasury.  Since its inception, the Board has approved over $400 million in emergency loans. 

Annual Report to Governor and Legislature

2020 12 31 Emergency Loan Annual Report

Upcoming Meetings

All meetings of the Board are special meetings open to the public.

Next Scheduled Meeting: 

                                                            No Meeting Currently Scheduled

                                                            Richard H. Austin Building

                                                            State Treasurers’ Board Room, First Floor SE                                                            

                                                            430 West Allegan Street, Lansing, Michigan 48922

Draft Meeting Minutes

2019 10 22 Draft Meeting Minutes

Meeting Documents

2018 04 09 Meeting Documents 1 of 4

2018 04 09 Meeting Documents 2 of 4

2018 04 09 Meeting Documents 3 of 4

2018 04 09 Meeting Documents 4 of 4

2018 10 29 Meeting Documents

2018 11 09 Meeting Documents

2018 12 17 Meeting Documents

2019 10 22 Meeting Documents 1 of 5

2019 10 22 Meeting Documents 2 of 5

2019 10 22 Meeting Documents 3 of 5

2019 10 22 Meeting Documents 4 of 5

2019 10 22 Meeting Documents 5 of 5

 

 

Meeting Notice

In accordance with the Open Meetings Act, Public Act 267 of 1976, Section 6, anyone requesting notice of upcoming Board meetings shall do so in writing to Treas_MunicipalFinance@michigan.gov by providing a name and USPS mailing address.  Meeting notices will be sent to the requesting party by first class mail the same day the meeting notice is posted in accordance with Section 5.  A yearly fee is currently not being charged for this service.  The notification list is updated annually each September.

Contact Us

Phone: 517-335-7469
Email: Treas_MunicipalFinance@michigan.gov
Website: Michigan.gov/MunicipalFinance