120906 HANCOCK CSD                                                             
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:      4,654,000   BLD                                    
 Date of Original Issuance:     05-Jun-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  006    5,318,580           0          0   5,318,580  15.0  79,778,700        
 0004  003      752,404           0     79,333     673,071  15.5  11,662,262        
___________________________________________________________________________         
              6,070,984                                           91,440,962        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          5.0                    
              Sel. Remaining Term for Amortization:         10.0                    
             Principal Outstanding as of July 2002:    2,630,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 10 :      329,498                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 10      329,498                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                2,790,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      75.6%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      1,988,280      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          2,630,000      
  F. State Share Ratio: (D / E)                                          75.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     6,100      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                74,426      
  I. State Share of Variable Costs Aided at 100%:( H * F)               56,266      
  J. Total Principal Added(A - E - G - H):                              79,474      
  K. State Share of Additional Principal Aided at 100% (J * F):         60,082      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                122,448      
  M. Local Share of Variable Costs Aided at State Share (H - I):        18,160      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    764      
  Assumed Debt Service for State Share of Variable Costs:                7,050      
  Assumed Debt Service for State Share of Additional Principal:          7,528      
  Assumed Debt Service for Local Share of Variable Costs: *              2,276      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

NYSED HOME PAGE | STATE AID HOME PAGE | DISTRICT HOME PAGE