Emergency-related state tax relief available for taxpayers located in twelve northern Michigan counties impacted by March 2025 storms.
Public School Academy State Aid Note (PSA SAN)
Public School Academy State Aid Note (PSA SAN)
Public School Academy State Aid Note (PSA SAN)
Closing: August 28, 2025
Application Due: July 7, 2025
What is the PSA SAN?
The Michigan Finance Authority (MFA) offers a streamlined loan program to finance short-term operational cash flow needs for public school academies. MFA facilitates the process by pooling the loans, soliciting bids, and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs for the schools.
August 2025 PSA SAN - Application
All application materials must be submitted to MFA by Note Counsel on or before July 7, 2025.
The following documents are required for a complete application:
- Application: PSA State Aid Note Loan Program Application (Form 4039A)
- Submit to Note Counsel as a Microsoft Word document (in addition to the signed copy)
- Certificate of Authorizing Body (Form of)
- Educational Service Provider Agreement (management contract), if any
- PSA State Aid Note Loan Program Cash Flow Attachment (Form 4046A)
- Submit to Note Counsel as a Microsoft Excel spreadsheet
- Academy Board Resolution Authorizing 2025 State Aid Note Borrowing (Form of)
- Academy General Fund Budget – Fiscal Year End 6/30/2024, as amended
- Academy General Fund Budget – Fiscal Year End 6/30/2025, as adopted
Contact MFA
Richard H. Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: 517-335-0994
Fax: 517-241-9509