BD+C

JULY 25, 2016

A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.

Michigan 40

Michigan Finance Debt Leases 40

BD+C

JULY 25, 2016

A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.

Michigan 40

Michigan Finance Debt Leases 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments.

Income 75

Income Finance Zoning Equipment 75