220701 THOUSAND ISLANDS CSD                                                    
                                                                                    
                                                                                    
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             Amount Issued:        274,704   BLD                                    
 Date of Original Issuance:     01-Oct-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 7999  001      268,753           0          0     268,753  15.0   4,031,295        
___________________________________________________________________________         
                268,753                                            4,031,295        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:          8.0                    
                      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:      101,121                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 10 :       12,668                    
                                      Bond Percent:      87.541%                    
 Aidable Debt Service for Amortization Year 6 of 10       11,090                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:     10,000,000   BLD                                    
 Date of Original Issuance:     08-Apr-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0003  001    4,598,000           0  2,489,000   2,109,000  17.5  80,465,000        
 0005  001    1,152,700           0          0   1,152,700  15.0  17,290,500        
 0011  004    5,749,300           0  3,876,300   1,873,000  18.5 106,362,050        
___________________________________________________________________________         
             11,500,000                                          204,117,550        
____                   Blended Maximum Useful Life:         17.5                    
                             Original Term of Bond:         19.0                    
                      Selected Maximum Useful Life:         19.0                    
                       Period Prior to 1 July 2002:          4.0                    
              Sel. Remaining Term for Amortization:         15.0                    
             Principal Outstanding as of July 2002:    6,275,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 15 :      579,802                    
                                      Bond Percent:      99.961%                    
 Aidable Debt Service for Amortization Year 6 of 15      579,576                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                6,870,000      
  B. Bond Percent:                                                     99.961%      
  C. Applicable Building Aid Ratio:                                      64.7%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      4,058,342      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          6,275,000      
  F. State Share Ratio: (D / E)                                          64.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     7,766      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               135,854      
  I. State Share of Variable Costs Aided at 100%:( H * F)               87,762      
  J. Total Principal Added(A - E - G - H):                             451,380      
  K. State Share of Additional Principal Aided at 100% (J * F):        291,591      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                387,119      
  M. Local Share of Variable Costs Aided at State Share (H - I):        48,092      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    718      
  Assumed Debt Service for State Share of Variable Costs:                8,110      
  Assumed Debt Service for State Share of Additional Principal:         26,942      
  Assumed Debt Service for Local Share of Variable Costs: *              4,442      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      1,150,000   BLD                                    
 Date of Original Issuance:     20-Dec-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0003  001    4,598,000           0  2,489,000   2,109,000  17.5  80,465,000        
 0005  001    1,152,700           0          0   1,152,700  15.0  17,290,500        
 0011  004    5,749,300           0  3,876,300   1,873,000  18.5 106,362,050        
___________________________________________________________________________         
             11,500,000                                          204,117,550        
____                   Blended Maximum Useful Life:         17.5                    
                             Original Term of Bond:         18.0                    
                      Selected Maximum Useful Life:         18.0                    
                       Period Prior to 1 July 2002:          3.0                    
              Sel. Remaining Term for Amortization:         15.0                    
             Principal Outstanding as of July 2002:    1,000,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 15 :       92,398                    
                                      Bond Percent:      99.961%                    
 Aidable Debt Service for Amortization Year 6 of 15       92,362                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,180,000      
  B. Bond Percent:                                                     99.961%      
  C. Applicable Building Aid Ratio:                                      64.7%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        646,748      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          1,000,000      
  F. State Share Ratio: (D / E)                                          64.6%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,334      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                25,631      
  I. State Share of Variable Costs Aided at 100%:( H * F)               16,558      
  J. Total Principal Added(A - E - G - H):                             153,035      
  K. State Share of Additional Principal Aided at 100% (J * F):         98,861      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                116,752      
  M. Local Share of Variable Costs Aided at State Share (H - I):         9,073      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    124      
  Assumed Debt Service for State Share of Variable Costs:                1,530      
  Assumed Debt Service for State Share of Additional Principal:          9,134      
  Assumed Debt Service for Local Share of Variable Costs: *                838      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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