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 obtain qualified status are able to more swiftly issue new bonds and notes and pay lower filing fees to the State of Michigan for that debt. Those that do not obtain qualified status may experience significant delays in issuing bonds and notes during calendar year 2015....
EAST LANSING: 517.484.8000 | NOVI: 248.533.0741 | WEST MICHIGAN: 616.588.7700