Schools

Miller Canfield has been at the forefront of K-12 school finance for decades.  Our lawyers developed the concept and constitutional provisions for the School Bond Qualification and Loan Program.  We have worked with a wide range of structures and products, including variable rate letter of credit, backed obligations and swaps.  Below is a list of the school finance services requested most often:

Capital Improvements

• Voted, Unlimited Tax General Obligation Bonds (qualified for participation in the School Loan Revolving Fund or not)
• Non-voted Limited Tax General Obligation Bonds
• Energy Conservation Bonds
• Bonds for sinking fund-eligible projects
• Qualified Zone Academy Bonds
• Clean Renewable Energy Bonds
• Installment Contracts/Lease Purchase Contracts

Cash Flow Borrowing and Deficit Funding

• State Aid Notes
• Lines of Credit
• Tax Anticipation Notes
• Multi Year Agreements
• Judgment Funding Bonds

Collateral Services

• Election and Campaign Finance Act Compliance.
• Arbitrage Rebate Analysis
• Tax and Securities Law Analysis, Audits  and Compliance
• Legislation
• Investment Agreements
• Swaps, forward delivery and other derivative arrangements