090601 CHAZY CENTRAL RURAL SCHOOL                                              
                                                                                    
                                                                                    
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             Amount Issued:      1,235,000   BLD                                    
 Date of Original Issuance:     27-May-93                                           
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                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  007    1,122,038           0          0   1,122,038  15.0  16,830,570        
___________________________________________________________________________         
              1,122,038                                           16,830,570        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          9.0                    
              Sel. Remaining Term for Amortization:          6.0                    
             Principal Outstanding as of July 2002:      150,000                    
                             Assumed Interest Rate:       4.864%                    
        Debt Service for Amortization Year 6 of 6 :       29,126                    
                                      Bond Percent:      93.030%                    
 Aidable Debt Service for Amortization Year 6 of 6        27,096                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                  174,000      
  B. Bond Percent:                                                     93.030%      
  C. Applicable Building Aid Ratio:                                      81.1%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        113,171      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            150,000      
  F. State Share Ratio: (D / E)                                          75.4%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    13,334      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                15,740      
  I. State Share of Variable Costs Aided at 100%:( H * F)               11,868      
  J. Total Principal Added(A - E - G - H):                                   0      
  K. State Share of Additional Principal Aided at 100% (J * F):              0      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 25,202      
  M. Local Share of Variable Costs Aided at State Share (H - I):         3,872      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                  2,590      
  Assumed Debt Service for State Share of Variable Costs:                2,304      
  Assumed Debt Service for State Share of Additional Principal:              0      
  Assumed Debt Service for Local Share of Variable Costs: *                700      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      1,109,000   BLD                                    
 Date of Original Issuance:     09-Jun-94                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  006    1,015,639           0          0   1,015,639  15.0  15,234,585        
 4005  002      178,767           0          0     178,767  15.0   2,681,505        
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              1,194,406                                           17,916,090        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          8.0                    
              Sel. Remaining Term for Amortization:          7.0                    
             Principal Outstanding as of July 2002:      250,000                    
                             Assumed Interest Rate:       4.906%                    
        Debt Service for Amortization Year 6 of 7 :       42,628                    
                                      Bond Percent:      93.030%                    
 Aidable Debt Service for Amortization Year 6 of 7        39,657                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  295,000      
  B. Bond Percent:                                                     93.030%      
  C. Applicable Building Aid Ratio:                                      81.1%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        188,618      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            250,000      
  F. State Share Ratio: (D / E)                                          75.4%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    22,609      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                26,728      
  I. State Share of Variable Costs Aided at 100%:( H * F)               20,153      
  J. Total Principal Added(A - E - G - H):                                   0      
  K. State Share of Additional Principal Aided at 100% (J * F):              0      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 42,762      
  M. Local Share of Variable Costs Aided at State Share (H - I):         6,575      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                  3,856      
  Assumed Debt Service for State Share of Variable Costs:                3,436      
  Assumed Debt Service for State Share of Additional Principal:              0      
  Assumed Debt Service for Local Share of Variable Costs: *              1,044      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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