Municipal Advisory Council of Michigan

     Buhl Building – 535 Griswold, Suite 1850 - Detroit, Michigan 48226-3699
               313-963-0420   800-337-0696   Fax 313-963-0943   www.mi-macsite.com

MAC Fee Schedule

(Effective January 1, 2016)

 
Annual Dues: General Members $750 per Year
  Legal Firms & Rating Agencies $1,500 per Year

Debt reports requested for  other than debt issuance per year per municipality

$100

This includes: (a) requests by a municipality for its own use; (b) requests by a member for use by a municipality; or (c) requests by a member in conjunction with the preparation of an Annual Disclosure report.

Type of Debt Sale & Issue

Financial Advisor

(1)

Attorney

Debt Purchaser

Competitive or Negotiated Note  Issue with maturity less than 2 years

No Fee

 

No Fee

$.05 per $1000 Maximum Fee $1000

Competitive Issue with maturities 2 years or greater.

$400

OR

$500

$.25  per $1000 Maximum Fee $8000

Negotiated Issue with maturities 2 years or greater.

$400

OR

$500

$.25  per $1000 Maximum Fee $8000

Private Placement Issue with maturities 2 years or greater.

$400

OR

$500

$.25  per $1000 Maximum Fee $8000

State Issues with an Official Statement

$400

OR

$500

$.25  per $1000 Maximum Fee $8000

State Issues designated by SRF, DWRF/ USDA

No Fee

 

No Fee

No Fee (2)

Variable Rate Notes or Bonds

No Fee

 

No Fee

No Fee

Corporate Purpose (IDR, PCR, EDC, and Michigan Strategic Fund) Issues

No Fee

 

No Fee

No Fee

Notes:

(1)  Attorney to be invoiced if there is no Financial Advisor.

(2) Practice under review.

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