Public School Academy State Aid Note (PSA SAN)
Closing: September 6, 2018
Application Due: July 16, 2018
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.
September 2018 PSA SAN: General Information
- Program Requirements 2018
- Program Memo 2018
- Application and Loan Process 2018
- Financing Schedule 2018
- State Aid Status Reports
Documents due on or before July 16, 2018
- PSA State Aid Note Loan Program Application (Form 4039A)
Submit to Note Counsel as a Word document (in addition to the signed copy) - PSA State Aid Note Program Instructions for Form 4039A
- 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 an Excel spreadsheet - Academy Board Resolution Authorizing 2018 State Aid Note Borrowing (Form of)
- Academy General Fund Budget – Fiscal Year End 6/30/2018, as amended
- Academy General Fund Budget – Fiscal Year End 6/30/2019, as adopted
Richard H. Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: 517-335-0994
Fax: 517-241-9509
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