Dated: October 1, 2026
To: Whom It May Concern
From: Alyson Hayden, Director, Bureau of State and Authority Finance
Re: Independent Registered Municipal Advisor Exemption
The State of Michigan has retained Robert W. Baird & Co. as its Municipal Advisor. The State of Michigan is represented by and will rely on its Municipal Advisor for advice on proposals from your financial services firm concerning the possible issuance of Municipal Securities or use of other Municipal Financial Products. Proposals may be addressed to the contacts listed below. Capitalized terms within this letter shall have the meanings and limitations ascribed to them by applicable federal securities laws, regulations and rules.
State of Michigan
Department of Treasury
430 W. Allegan Street
Lansing, MI 48922
Contact: Alyson Hayden, Director, Bureau of State and Authority Finance
Municipal Advisor
Robert W. Baird & Co.
124 West Allegan Street, Suite 2200
Lansing, MI 48933
Contact: Kelly Mrsic, Managing Director
Public Finance
This letter may be relied upon until September 30, 2027. Please feel free to contact me at (517) 242-8850 with any questions.
If you need an official copy of the IRMA letter please email HaydenA1@michigan.gov.