Since 1987, MILAF+ has been serving the investment and arbitrage compliance needs of Michigan public agencies. The investment options offered to public agencies through MILAF+ are the Pool and individual portfolios. Arbitrage rebate compliance services are available for bond proceeds invested through the Trust.
MILAF+ school entity investors must be members in good standing with the Michigan Association of School Boards. Public agencies eligible to participate in MILAF+ include: general-powers school districts as defined by the Revised School Code, school districts of the first class, local of special act school districts, intermediate school districts and other classification of schools. Michigan public agencies such as counties, cities, Charter townships, special districts, authorities and others are also eligible to participate; the GovMIC Class has been designed specifcally for these types of investors. For details, see our Information Statement or contact a Trust representative.