School Loan Revolving Fund

2025 School Bond Qualiﬁcation and Loan Program Annual Report
Statewide Perspective
School District Debt
2025 Qualiﬁed School Bond Election Results
Where is the Money Going?
Final Qualiﬁcation Statistics
Loans School Districts
State Debt Issued to Finance Qualiﬁed Loans
School Loan Revolving Fund
Appendix A
Appendix B
Appendix C
Appendix D

The School Loan Revolving Fund (SLRF) was established by 2005 PA 93 (Act 93). This fund is used to ﬁnance qualiﬁed loans to school districts as approved by the state and for other purposes as speciﬁed in the act including paying the costs to administer the fund. Loan repayments will be deposited back into the SLRF and used to pay debt service or make new loans to school districts.

The outstanding principal balance of SLRF bonds was $300 million on September 30, 2025.

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School Loan Revolving Fund