1. TREASURY
  2. State and Authority Finance
  3. Additional Information

State and Authority Finance IconAdditional Information


Bond Process

Regulatory Agencies

Bond Finance Glossaries

Interest Rates

  • The Authorities regularly issues debt in the financial markets and obtains competitive rates for clients. For most programs, the interest rates are not determined until the day of pricing. For current market information visit:  SIFMA .

Finance Team

  • Finance Team

    Every bond issue requires several different specialists for the protection of the issuer, borrower, and bondholders.

Credit Enhancement

  • Credit Enhancement

    Credit Enhancement refers to the use of the credit of an entity to provide additional security in bond or note financing.

Credit Rating

  • Credit Rating

    A credit rating is an independent assessment of the creditworthiness of a bond (note or any security of indebtedness) by a credit rating agency.

More Information

Lost Bonds

State's Common Cash Rates

Michigan Education Savings Program


Industrial Revenue Bonds


Michigan Transportation Fund

State "Private Activity Bonds", Allocations, and Volume Cap

U.S. Savings Bonds

Promise Zones

Contact Bond Finance