250301 DE RUYTER CSD                                                           
                                                                                    
                                                                                    
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             Amount Issued:      4,280,000   BLD                                    
 Date of Original Issuance:     29-Apr-97                                           
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                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  005    4,822,687           0  3,318,055   1,504,632  18.5  89,219,710        
 0007  002       85,300           0          0      85,300  15.0   1,279,500        
___________________________________________________________________________         
              4,907,987                                           90,499,210        
                                                                                    
                       Blended Maximum Useful Life:         18.5                    
                             Original Term of Bond:         15.0                    
                      Selected Maximum Useful Life:         18.5                    
                       Period Prior to 1 July 2002:          5.0                    
              Sel. Remaining Term for Amortization:         13.5                    
             Principal Outstanding as of July 2002:    2,730,000                    
                             Assumed Interest Rate:       4.500%                    
     Debt Service for Amortization Year 6 of 13.5 :      272,028                    
                                      Bond Percent:     100.000%                    
   Aidable Debt Service for Amortization Year 6 of       272,028                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                2,995,000      
  B. Bond Percent:                                                    100.000%      
  C. Applicable Building Aid Ratio:                                      83.2%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      2,271,360      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          2,730,000      
  F. State Share Ratio: (D / E)                                          83.2%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     8,900      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                83,113      
  I. State Share of Variable Costs Aided at 100%:( H * F)               69,150      
  J. Total Principal Added(A - E - G - H):                             172,987      
  K. State Share of Additional Principal Aided at 100% (J * F):        143,925      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                221,975      
  M. Local Share of Variable Costs Aided at State Share (H - I):        13,963      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    886      
  Assumed Debt Service for State Share of Variable Costs:                6,890      
  Assumed Debt Service for State Share of Additional Principal:         14,342      
  Assumed Debt Service for Local Share of Variable Costs: *              1,392      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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