Iara Pereira

Municipal Advisory Council of Michigan

The Municipal Advisory Council of Michigan (MAC) is a registered Michigan not-for-profit membership service corporation. Founded in 1932, the MAC fosters efficient credit and capital markets for public finance investment banking, underwriting, trading and sales, credit ratings and portfolio management. The MAC is a single-source municipal database for essential bond and note details for all local government issuers in Michigan. We track, monitor and record all new issue bond sales, whether competitive, negotiated or private placements. This represents more than 13,300 active and outstanding bond issues. Among 23 distinctive credit reports, the MAC is the primary source for Issuer's debt statements, overlapping debt and indirect debt, as disclosed in official statements. On average, more than 22,000 reports are annually downloaded by Members. In addition, the MAC provides critical reports for more than 120 local units of governments to comply with continuing disclosure covenants and disclosures in comprehensive audited financial reports. MAC's diverse membership includes broker-dealers, commercial banks, municipal advisors, fund managers, rating agencies, bond attorneys, CPA's and the Michigan Department of Treasury.