A: Yes, you can complete the account application forms online. However, you must print the form for signature by the appropriate individuals. Completed forms can be sent to MILAF+ either by fax (888) 535-0120 or mail at P.O. Box 11760, Harrisburg, PA 17108-1760.

A: Contact a MILAF+ representative. MILAF+ must be listed as a permitted investment in the bond documents. Before closing date, complete and return the required account application forms with bond documents (Official Statement, Non-Arbitrage Certificate, Closing Memorandum, Trust Indenture, Resolution) via mail or fax to (888) 535-0120. At closing, funds should be wired to MILAF+ before 2:00 p.m. Eastern Time; please notify us of the amount to be sent and the name of the bank sending the funds.

A: Arbitrage is the profit from investing tax-exempt debt financing proceeds in higher yielding taxable securities. These excess earnings must be rebated to the federal government unless certain requirements are met. For further information on arbitrage, go to Investor Resources.

A: Before wiring funds, you must first complete all necessary documentation to open an MILAF+ account, see How To Invest on this website. When the account is opened, please contact MILAF+ at 1-877-GO-MILAF, and provide the amount to be invested and the name of the bank sending the funds. Detailed instructions on funds transfer can be found in the MILAF+ Information Statement.

A: The regulations provide for certain exceptions related to the size of the issue and period of time over which the proceeds are spent. The exceptions are outlined below.

Small Issuer Exception. This exception applies to municipalities with general taxing powers that issue $5 million or less of tax-exempt debt during a calendar year. Beginning in 1998, it also applies to schools with general taxing powers that issue $10 million or less of tax-exempt debt during a calendar year, provided $5 million or less is spent for purposes other than constructing or renovating public school facilities. Certain additional requirements apply in the case of refunding bonds.

6 Month Exception. In order to qualify for exemption from rebate under the 6 month spending exception, all gross proceeds and investment earnings must be spent within 6 months of the issue date.

18 Month Exception. The 18 month exception requires that all proceeds and investment earnings must be spent as follows:

• 15% within 6 months of the issue date
• 60% within 12 months of the issue date
• 100% (less "reasonable retainage") within 18 months of the issue date

24 Month Exception. The 24 month exception applies only to construction issues, and requires that all Available Construction Proceeds be spent as follows:

• 10% within 6 months of issue date
• 45% within 12 months of issue date
• 75% within 18 months of issue date
• 100% (less "reasonable retainage") within 24 months of issue date 

For additional information, see the Arbitrage Primer under the Investor Resources on this website or contact your bond counsel.

A: Before wiring funds, you must first complete all necessary documentation to open an MILAF+ account, see How To Invest on this website. When the account is opened, please contact MILAF+ at 1-877-GO-MILAF, and provide the amount to be invested and the name of the bank sending the funds. Detailed instructions on funds transfer can be found in the MILAF+ Information Statement.

A: An Investor may withdraw funds from their account by either (i) initiating a requisition for a wire transfer or ACH transfer online at  https://milaf.org/, (ii) telephoning 1-877-GO-MILAF, or (iii) writing a check to a third party (if you have a MILAF+ checking account). Detailed instructions on fund transfers can be found in the MILAF+ Information Statement.

A: There are two options for electronic funds transfer available to MILAF+ Investors:

Same Day Wire Transfer – Funds can be transferred by wire to or from a MILAF+ account. For incoming transfers, you must (i) initiate the transaction on the Internet at  https://milaf.org/ or by calling MILAF+ at 1-877-GO-MILAF, and (ii) instruct your financial institution to send the funds to MILAF+. For outgoing transfers, Investors may request a wire transfer of funds on the Internet at  https://milaf.org/ or by calling the Investment Adviser at 1-877-GO-MILAF. Transfer requests received prior to 2:00 p.m. Eastern Time will be processed that same day. MILAF+ has no service charge or fee for this service.

Next Day Transfer – Next Day Transfer utilizes the Federal Reserve’s Automated Clearing House (ACH) system to transfer funds to/from your MILAF+ account. Funds are transferred overnight and are available in the designated account the next business day. Investors may request an ACH transfer of funds via the Internet at  https://milaf.org/ or by calling MILAF+ at 1-877-GO-MILAF. The Next Day Transfer Form must be completed in advance of the initial transfer and takes approximately ten (10) business days to process.

A. View your account information online or contact a MILAF+ representative at 1-877-GO-MILAF.

A. Account information is available through the Account Access on this website. If you are a first time user, please submit an EON Online Account Access Form. Once received by the Trust, please allow two business days for setup and then you may begin accessing your account information.

A: You will need to provide MILAF+ with written notification of the change on your agency’s letterhead signed by an authorized individual. Please note in the letter that this is an update and that MILAF+ should amend its current instructions with regard to the account.