A Orders can be placed only through the brokerage firms and financial institutions listed in this brochure. The Bonds cannot be purchased directly from the State Building Authority. If you are interested in purchasing Bonds, contact one of the firms to receive a Preliminary Official Statement and additional information. The amount of Michigan College Savings Bonds available for purchase will be limited. If your order is filled, you will receive a written confirmation of your purchase from the brokerage firm or financial institution through which your order was placed.
Payment is due on the date stated in the confirmation.
The yield and the purchase price per Bond will be determined on the date of the actual sale. A Yes, but subject to availability. It is expected that Bonds will be offered with maturities from 2000 through 2012. In placing an order, it is best to include a couple of alternative maturity dates. The minimum investment required will be less than the maturity value of the bond.