CHICAGO - The Michigan Municipal Bond Authority plans to enter the market today with $690 million in short-term revenue notes that will be used to ease fiscal 2009 cash-flow deficits for local school districts across the state.

The notes are divided into two series - one for $197.5 million and one for $493.1 million. Dexia Credit Local and Scotiabank are providing letters of credit on the latter series.

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