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Municipal Advisory Council of
Michigan
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Buhl Building – 535 Griswold, Suite
1850 - Detroit, Michigan 48226-3699 |
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313-963-0420 800-337-0696 Fax 313-963-0943 www.mi-macsite.com |
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MAC Fee Schedule
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(Effective January 1, 2012)
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Annual Dues
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$750 per member
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Debt reports requested for other than debt issuance
per year per municipality
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$100
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This includes: (a) requests by a
municipality for its own use; (b) requests by a member for use by a
municipality; or (c) requests by a member in conjunction with the preparation of
an Annual Disclosure report.
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Type of Issue
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Financial Advisor
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(1)
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Attorney
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Underwriter
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Competitive or Negotiated Note Issue with maturity
less than 2 years
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No Fee
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No Fee
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$.05 per $1000 Maximum Fee $1000
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Competitive Issue with maturities 2 years or greater.
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$400
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OR
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$500
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$.25 per $1000 Maximum Fee $8000
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Negotiated Issue with maturities 2 years or greater.
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$400
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OR
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$500
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$.25 per $1000 Maximum Fee $8000
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Private Placement Issue with maturities 2 years or greater.
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$400
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OR
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$500
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NA
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State Issues with an Official Statement
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$400
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OR
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$500
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$.25 per $1000 Maximum Fee $8000
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State Issues designated by SRF, DWRF/ USDA
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No Fee
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No Fee
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No Fee (2)
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Variable Rate Notes or Bonds
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No Fee
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No Fee
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No Fee
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Corporate Purpose (IDR, PCR, EDC, and Michigan Strategic Fund) Issues
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No Fee
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No Fee
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No Fee
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Notes:
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(1) Attorney to be invoiced if there is no Financial
Advisor.
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(2) Practice under review.
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Click Here For PDF/Printable Version.
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