K-12

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Lawyers

Miller Canfield lawyers have been leaders in K-12 school finance for decades. Our lawyers developed the concept and constitutional provisions for the School Bond Qualification and Loan Program. We’ve pioneered  a variety of structures and products, including variable rate letter of credit-backed obligations and swaps. Our most often requested services are:

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
  • Installment contracts/lease purchase contracts

Cash flow borrowing and deficit funding

  • State aid notes
  • Lines of credit
  • Tax anticipation notes
  • Multi-year agreements for deficit situations
  • Judgment funding bonds