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Loan Programs & Authorities
School Bond Qualification and Loan Program (SBQLP)
The School Bond Qualification and Loan Program was established by the Michigan Constitution of 1963 and amended by Public Act 92 of 2005 to provide a state credit enhancement and loan mechanism for school district bond issues. The bonds must be qualified by the State Treasurer and the bond proceeds must be used for capital expenditure purposes. |  Michigan State Hospital Finance Authority (MSHFA)
The Michigan State Hospital Finance Authority was created in 1969 by the Michigan legislature by Act No. 38, Public Acts of Michigan, 1969, to issue bonds and make loans to hospitals, nursing homes, homes for the aged, hospices and certain retirement housing providers to finance and refinance the acquisition, construction, improvement or alteration of hospital facilities and the payment of project costs. |  Michigan Municipal Bond Authority (MMBA)
The Michigan Municipal Bond Authority was established by the Shared Credit Rating Act, Public Act 227 of 1985, to provide Michigan local units of government and schools an alternative source of financing for infrastructure projects and low cost access to the public finance market.
|  Michigan Higher Education Facilities Authority (MHEFA)
The Michigan Higher Education Facilities Authority was created under Act 233 of 1964 and Act 295 of 1969 to issue bonds in order to make loans to private non-profit colleges and universities for various capital needs including: construction of new facilities, renovation of existing facilities, and equipment purchases.
|  Michigan Public Educational Facilities Authority (MPEFA)
The Michigan Public Educational Facilities Authority was created by Executive Order 2002-3, to provide public school academies with access to effective, low-cost financial mechanisms.
|  Michigan Higher Education Student Loan Authority (MHESLA)
The Michigan Higher Education Student Loan Authority is a direct lender of federally guaranteed student loans and provides an active secondary market for guaranteed student loans in the State of Michigan. The Bureau of Bond Finance performs bond issuance related functions for the Authority.
| | Annual Reports, Audits and Election Results |  Michigan Tobacco Settlement Finance Authority (MTSFA)
The Michigan Tobacco Settlement Finance Authority ("Authority") was created by Act 226 of 2005
and amended by
Act
18 of 2007 to issue bonds secured by a pledge of a percentage of
tobacco settlement proceeds which will be used to finance projects under the
21st Century Jobs Fund and make deposits to the state school aid fund and the
general fund. |
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