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Unlike prior years, the Michigan Finance Authority (“MFA”) will not offer a spring 2013 state aid note pool (i.e., the “bridge loan” program). However, school districts demonstrating an operating cash flow deficit between now and August 20, 2013, may still be eligible to issue state aid notes or tax anticipation notes through a bank. Similarly, public school academies may be eligible to issue state aid notes through a bank.
If your school district or academy needs to borrow...
The Michigan Legislature recently altered the School Bond Qualification and Loan Program through Public Act 437 of 2012 (effective December 31, 2012). This law caps the loan aspect of the Program when the total School Bond Loan Fund balance reaches $1.8 billion (expected to occur in 2014). Once the cap is reached, the State of Michigan will not permit new voted bond issues under the Program that project an anticipated borrowing. After June 30, 2016, that cap will expire. During the cap...
Effective December 31, 2012, Public Act 528 of 2012 amended the Open Meetings Act to address certain posting and notice requirements.
Public notice of rescheduled regular and special meetings must be made at both the public body’s principal office and on the publicly accessible portion of the public body’s website “if the...
Last month, we reported on new legislation that requires schools to: (1) erect and maintain U.S. flags on school premises; (2) provide students with a daily opportunity to recite the Pledge of Allegiance; and (3) display flags in classrooms or instructional areas where the Pledge is recited. However, the article incorrectly...
As you are now no doubt aware, on December 11, 2012, Governor Snyder signed Public Act 349 of 2012 ("PA 349"), which amends the Public Employment Relations Act ("PERA") by incorporating "Right-to-Work" provisions. The purpose of this brief memorandum is to share with you our initial assessment of this legislation.
The importance of obtaining “qualified” status each year from the Michigan Department of Treasury (“Treasury”) cannot be overemphasized. School districts, intermediate school districts, and public school academies that do not obtain qualified status may experience significant delays in issuing bonds and notes during calendar year 2013, which may be especially problematic for cash flow borrowings such as state aid notes (“SANs”) and tax anticipation notes (“TANs”).
The Revised...
Thrun Law Firm is pleased to announce that Fredric G. Heidemann has recently joined our practice in the East Lansing office as an associate attorney.
Mr. Heidemann graduated from the University of Michigan (B.A., 2009, with honors) and the Michigan State University College of Law (J.D., 2012, magna cum laude), where he was a scholarship recipient and a Managing Editor of the Michigan State Law Review. While in law school, he worked at Thrun Law Firm as a law clerk.
Mr....
Joe Mosier - Attorney
Patrick O'Brien - Law Clerk
Kevin Harty - Attorney
Gordon VanWieren - President
Sandy Bashore - Accounts Payable
Connie Bila - Legal Assistant
Meg Hackett - Attorney
Rob Dietzel - Attorney
Brigitte Kyes - Legal Assistant
Kim Lavin - Law Clerk
Robin Murray - Legal Assistant
Ray Davis - Attorney
Andrew Martini - Law Firm Messenger
Susan Woebse - Legal Assistant
Barb Feldkamp...
It is with great sadness that we inform you of the death of our colleague and friend, Dick Robinson. With an extensive practice in public sector and municipal law, Dick was well-known throughout the Lansing and tri-county area. Dick was born in Lansing, Michigan on October 5, 1942 and passed away October 24, 2012. He was preceded in death by his parents, Jay and Frances (Daniel) Robinson. He is survived by his wife, Karen; daughter, Bonnie (Robert) Owens; son, Bill Robinson; brother, Robert...