270301 CANAJOHARIE CSD                                                         
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:        300,000   BLD                                    
 Date of Original Issuance:     27-May-97                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0002  008      235,902           0          0     235,902  15.0   3,538,530        
 0002  010      118,004           0          0     118,004  15.0   1,770,060        
___________________________________________________________________________         
                353,906                                            5,308,590        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:          9.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          6.0                    
              Sel. Remaining Term for Amortization:          9.0                    
             Principal Outstanding as of July 2002:      100,718                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 9 :       13,734                    
                                      Bond Percent:      86.557%                    
 Aidable Debt Service for Amortization Year 6 of 9        11,888                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
             Amount Issued:     15,477,756   BLD-10                                 
 Date of Original Issuance:     14-Sep-99                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0002  016    2,898,300           0          0   2,898,300  15.0  43,474,500        
 0014  001   14,571,088  14,571,088          0           0  30.0 437,132,640        
___________________________________________________________________________         
____         17,469,388                                          480,607,140        
                                                                                    
                       Blended Maximum Useful Life:         27.5                    
                             Original Term of Bond:         10.0                    
                      Selected Maximum Useful Life:         27.5                    
                       Period Prior to 1 July 2002:          3.5                    
              Sel. Remaining Term for Amortization:         24.0                    
             Principal Outstanding as of July 2002:   11,625,000                    
                             Assumed Interest Rate:       5.270%                    
       Debt Service for Amortization Year 6 of 24 :      859,162                    
                                      Bond Percent:      98.745%                    
 Aidable Debt Service for Amortization Year 6 of 24      848,380                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):               10,650,000      
  B. Bond Percent:                                                     99.527%      
  C. Applicable Building Aid Ratio:                                      91.2%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):     10,551,853      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)         10,551,852      
  F. State Share Ratio: (D / E)                                         100.0%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    12,450      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               183,106      
  I. State Share of Variable Costs Aided at 100%:( H * F)              183,106      
  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):                195,556      
  M. Local Share of Variable Costs Aided at State Share (H - I):             0      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    920      
  Assumed Debt Service for State Share of Variable Costs:               13,532      
  Assumed Debt Service for State Share of Additional Principal:              0      
  Assumed Debt Service for Local Share of Variable Costs: *                  0      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
******************************************************************************      
                                                                                    
End of Report                                                                       
                                                                                    
                                                                             

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