The Local Government Loan Program provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program. All Michigan units of local government and public entities are eligible to apply.

Loans have included purchases of equipment, school buses, fire trucks, real property, energy conservation improvement, infrastructure needs, and refunding existing debt. Borrowers can pledge state aid as security for the loans and also have the option of using their own investment credit or bond insurance.

• Application (No Fee)
  Please print the application, fill it out and submit all information to:

  Thomas Letavis
  Michigan Municipal Bond Authority
  Department of Treasury
  430 West Allegan Street
  Lansing, Michigan 48922
  Telephone : (517) 335-0994
  Fax: (517) 335-2160

Rates: The rates for the Local Government Loan Program will vary depending of type of loan (Insured Bonds, Local Project Bonds, School Program Bonds, Transportation Fund Bonds, or Revenue Sharing Bonds) and the loan period. Please contact MMBA for detailed information 517/335-0994.