The Michigan Public Educational Facilities Authority (MPEFA) offers a low-cost, short-term financing option for Public School Academies (PSA). The State Aid Note (SAN) Program for PSAs offers a simplified borrowing process to fund cash flow needs for operating purposes. While this loan program is similar to the program available to public school districts, the MPEFA SAN is designed to address the specialized needs of PSAs.

General Information

• Before You Borrow

Forms and Instructions

• State Aid Note Program Requirements and Borrowing Process (Form 4045)
• SAN Application for Public School Academies (Form 4039)
• Cash Flow Attachment for SAN Application (Form 4046)

Additional Documents required by June 10, 2008

• 2008 Academy Board Resolution Authorizing SAN Borrowing