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Municipal Advisory Council Of Michigan

26211 Central Park Blvd, Suite 508- Southfield, Michigan 48076

313-963-0420 800-337-0696 Fax 313-963-0943 https://macmi.com

MAC Fee Schedule

(Effective January 1, 2021)

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

Debt reports requested for other than debt issuance per year per municipality $100 Includes:

(A) Requests by a municipality for its own use
(B) Requests by Members for use by a municipality
(C) In conjunction with the preparation of annual disclosure reports

Type of Debt Sale & Issue Municipal Advisor(1) Placement Agent(1) Attorney(2) Debt Purchaser
Competitive or Negotiated Note Issue with maturities less than 2 years No Fee No Fee No Fee $.05 per $1000 Maximum Fee $1000
Competitive Issue with maturities 2 years or greater. $400 $400 OR $500 $.25 per $1000 Maximum Fee $8000
Negotiated Issue with maturities 2 years or greater. $400 $400 OR $500 $.25 per $1000 Maximum Fee $8000
Private Placement Issue with maturities 2 years or greater. $400 $400 OR $500 $.25 per $1000 Maximum Fee $8000
State Issues with an Official Statement $400 $400 OR $500 $.25 per $1000 Maximum Fee $8000
State Issues designated by SRF, DWRF/ CWRF/USDA No Fee No Fee No Fee No Fee
Variable Rate Notes or Bonds No Fee No Fee No Fee No Fee
Corporate Purpose (IDR, PCR, EDC, and Michigan Strategic Fund) Issues No Fee No Fee No Fee No Fee
Notes:
(1) If a transaction includes both a municipal advisor and placement agent, only the municipal advisor will be invoiced. If there is no municipal advisor, the placement agent will be invoiced.
(2) If the transaction does not include either a MAC member advisor, placement agent or debt purchaser then the MAC member attorney will be invoiced.