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:
Legal Firms & Rating Agencies:
Legal Firms & Rating Agencies:
$750 per Year
$1,500 per Year
$1,500 per Year
Debt reports requested for other than debt issuanceper year per municipality $100
This includes: (a) requests by amunicipality for its own use; (b) requests by a member in conjunction with the preparation ofan Annual Disclosure report.
| Type of Debt Sale & Issue | Financial Advisor Municipal Advisor |
(1) | Attorney | Placing Agent | Debt Purchaser |
| Competitive or Negotiated Note Issue with maturityless 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 | |
| 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 | ||
| State Issues designated by SRF, DWRF/ CWRF/USDA | No Fee | No Fee | No Fee |
Notes:
(1) Attorney to be invoiced if there is no FinancialAdvisor.