441800 PORT JERVIS CITY SCHOOL                                                 
                                                                                    
                                                                                    
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             Amount Issued:      6,186,345   BLD-10                                 
 Date of Original Issuance:     18-Jan-01                                           
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                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0012  014   10,900,000           0  9,300,378   1,599,622  19.5 212,550,000        
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____         10,900,000                                          212,550,000        
                                                                                    
                       Blended Maximum Useful Life:         19.5                    
                             Original Term of Bond:         15.0                    
                      Selected Maximum Useful Life:         19.5                    
                       Period Prior to 1 July 2002:          1.0                    
              Sel. Remaining Term for Amortization:         18.0                    
             Principal Outstanding as of July 2002:    5,800,000                    
                             Assumed Interest Rate:       5.266%                    
       Debt Service for Amortization Year 6 of 18 :      502,640                    
                                      Bond Percent:      47.674%                    
 Aidable Debt Service for Amortization Year 6 of 18      239,629                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                6,429,000      
  B. Bond Percent:                                                     67.002%      
  C. Applicable Building Aid Ratio:                                      85.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      3,338,174      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          5,800,000      
  F. State Share Ratio: (D / E)                                          57.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     3,194      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               126,937      
  I. State Share of Variable Costs Aided at 100%:( H * F)               72,989      
  J. Total Principal Added(A - E - G - H):                             498,869      
  K. State Share of Additional Principal Aided at 100% (J * F):        286,850      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                363,032      
  M. Local Share of Variable Costs Aided at State Share (H - I):        53,948      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
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  Assumed Debt Service for Fixed Costs:                                    276      
  Assumed Debt Service for State Share of Variable Costs:                6,326      
  Assumed Debt Service for State Share of Additional Principal:         24,860      
  Assumed Debt Service for Local Share of Variable Costs: *              3,133      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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