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AG - Private Activity Bond Financing Approved as Part of Flint Water Settlement

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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AG - Private Activity Bond Financing Approved as Part of Flint Water Settlement

AG - Private Activity Bond Financing Approved as Part of Flint Water Settlement
michigan.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michigan.gov Daily Mail and Mail on Sunday newspapers.

Flint River , United States , City Of Flint , State Of Michigan , Lynsey Mukomel , Gretchen Whitmer , Michigan Economic Development Corporation , Flint Water Advocacy Fund , Mclaren Regional Medical Center , Michigan Strategic Fund , Rowe Professional Services Co , Private Activity Bond Financing Approved , Flint Water , Activity Bond Financing Approved , Flint Water Settlement Lynsey Mukomel , General Nessel , பிளின்ட் நதி , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் பிளின்ட் , நிலை ஆஃப் மிச்சிகன் , க்ரெசந் வ்ீட்மேற் , மிச்சிகன் பொருளாதார வளர்ச்சி நிறுவனம் , மக்லேரந் பிராந்திய மருத்துவ மையம் , மிச்சிகன் மூலோபாய நிதி , ரோ ப்ரொஃபெஶநல் சேவைகள் இணை , பிளின்ட் தண்ணீர் ,