Activity Bond Financing Approved News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AG Private Activity Bond Financing Approved as Part of Flint Water SettlementContact: Lynsey Mukomel 517-599-2746Agency: Attorney General April 27, 2021 LANSING - The Michigan Strategic Fund (MSF) board today approved the authorization of private activity bond financing as part of the Flint water settlement.  The settlement was agreed to last year by the State parties and the plaintiffs legal counsel following more than 18 months of negotiations. It received preliminary approval by the court earlier this year.  Through that negotiated settlement agreement, and subsequent bipartisan legislation, the MSF was identified to facilitate the transaction and issue the bonds that will finance the settlement over a 30-year period. The newly-created Flint Water Advocacy Fund will borrow the settlement funds through the MSF and transfer the funds to the settlement administrator, per the agreement. 

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