Webthe Department of Education under the State School Aid Act (MCL 388.1702), could enter into an agreement with the Michigan Finance Authority (MFA) under Section 17a(4) of the State School Aid Act (as added by HB 5195). That agreement would allow the direct payment (or intercept) by the MFA on behalf of a school district or ISD of the WebMay 27, 2024 · The Michigan Finance Authority (MFA) August 2024 state aid note program materials, including the loan application, cash flow form, instructions, and calendar, are …
LAWYERS SERVING PUBLIC SCHOOL ACADEMIES …
WebMay 20, 2024 · Michigan law provides several short-term borrowing options for schools to cover operating cash-flow shortfalls during a school year which include the issuance of a … WebThe state of Michigan's full share of the annual payments under the master settlement agreement (MSA) equals about 4.352% and it has pledged 10.77% of its share due on or after April 1, 2010, to the transaction. This is the only amount available to noteholders. iris of iowa
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Web2. Monthly set-aside payments cannot exceed 50% of the amount of state school aid to be received that month. 3. Set-aside payments are pooled and invested on behalf of … WebMay 20, 2024 · Michigan law provides several short-term borrowing options for schools to cover operating cash-flow shortfalls during a school year which include the issuance of a State Aid Note ("SAN"), Line of ... WebSOM - State of Michigan iris of greek mythology