180901 ELBA CENTRAL SCHOOL                                                     
                                                                                    
                                                                                    
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             Amount Issued:      3,340,082   BLD-10                                 
 Date of Original Issuance:     20-Feb-01                                           
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                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  006   11,688,000           0  4,195,000   7,493,000  17.0 198,696,000        
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             11,688,000                                          198,696,000        
____                   Blended Maximum Useful Life:         17.0                    
                             Original Term of Bond:         16.0                    
                      Selected Maximum Useful Life:         17.0                    
                       Period Prior to 1 July 2002:          3.0                    
              Sel. Remaining Term for Amortization:         14.0                    
             Principal Outstanding as of July 2002:    2,925,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 14 :      283,872                    
                                      Bond Percent:      99.590%                    
 Aidable Debt Service for Amortization Year 6 of 14      282,708                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                3,265,000      
  B. Bond Percent:                                                     99.530%      
  C. Applicable Building Aid Ratio:                                      95.0%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,765,690      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          2,925,000      
  F. State Share Ratio: (D / E)                                          94.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    10,130      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               118,162      
  I. State Share of Variable Costs Aided at 100%:( H * F)              111,663      
  J. Total Principal Added(A - E - G - H):                             211,708      
  K. State Share of Additional Principal Aided at 100% (J * F):        200,064      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                321,857      
  M. Local Share of Variable Costs Aided at State Share (H - I):         6,499      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
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  Assumed Debt Service for Fixed Costs:                                    984      
  Assumed Debt Service for State Share of Variable Costs:               10,836      
  Assumed Debt Service for State Share of Additional Principal:         19,416      
  Assumed Debt Service for Local Share of Variable Costs: *                627      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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