470801 LAURENS CENTRAL SCHOOL
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Amount Issued: 2,700,000 BLD
Date of Original Issuance: 17-May-90
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New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
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0001 003 2,617,737 0 2,068,400 549,337 19.0 49,737,003
5011 001 371,778 371,778 0 0 30.0 11,153,340
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2,989,515 60,890,343
Blended Maximum Useful Life: 20.5
Original Term of Bond: 13.0
Selected Maximum Useful Life: 20.5
Period Prior to 1 July 2002: 12.0
Sel. Remaining Term for Amortization: 8.0
Principal Outstanding as of July 2002: 250,000
Assumed Interest Rate: 2.868%
Debt Service for Amortization Year 6 of 8 : 35,194
Bond Percent: 94.806%
Aidable Debt Service for Amortization Year 6 of 8 33,366
Additional Costs Attributable to Refinancing
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A. Total Amount of Refinancing Issued (SA-132A #7): 318,000
B. Bond Percent: 94.806%
C. Applicable Building Aid Ratio: 82.1%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 194,589
E. Amount of Original Principal Refinanced: (SA132-A # 4) 250,000
F. State Share Ratio: (D / E) 77.8%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 7,642
H. Total Variable Costs of Refinancing (SA132-A # 23): 46,384
I. State Share of Variable Costs Aided at 100%:( H * F) 36,087
J. Total Principal Added(A - E - G - H): 13,974
K. State Share of Additional Principal Aided at 100% (J * F): 10,872
L. Total Refinancing Costs Aided at 100% (G + I + K): 54,601
M. Local Share of Variable Costs Aided at State Share (H - I): 10,297
Assumed Aidable Debt Service for Refinancing
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Assumed Debt Service for Fixed Costs: 1,076
Assumed Debt Service for State Share of Variable Costs: 5,080
Assumed Debt Service for State Share of Additional Principal: 1,530
Assumed Debt Service for Local Share of Variable Costs: * 1,375
* After application of Bond Percent.
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Amount Issued: 709,920 BLD
Date of Original Issuance: 01-Jun-96
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New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
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0001 007 555,000 0 0 555,000 15.0 8,325,000
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555,000 8,325,000
Blended Maximum Useful Life: 15.0
Original Term of Bond: 10.0
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: 337,834
Assumed Interest Rate: 4.500%
Debt Service for Amortization Year 6 of 9 : 46,066
Bond Percent: 100.000%
Aidable Debt Service for Amortization Year 6 of 9 46,066
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Amount Issued: 260,000 BLD-10
Date of Original Issuance: 10-Jul-01
__________________________________________________________________________
New Alt./ Max. Weighted
Bldg Proj Allowable Constr. Additions Reconstr Projec Useful
. . Cost Cost Cost Cost t Life Life
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0001 009 260,000 0 0 260,000 15.0 3,900,000
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260,000 3,900,000
Blended Maximum Useful Life: 15.0
Original Term of Bond: 10.0
Selected Maximum Useful Life: 15.0
Period Prior to 1 July 2002: 0.0
Sel. Remaining Term for Amortization: 15.0
Principal Outstanding as of July 2002: 235,000
Assumed Interest Rate: 4.856%
Debt Service for Amortization Year 6 of 15 : 22,240
Bond Percent: 93.945%
Aidable Debt Service for Amortization Year 6 of 15 20,893
Additional Costs Attributable to Refinancing
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A. Total Amount of Refinancing Issued (SA-132A #7): 288,000
B. Bond Percent: 86.935%
C. Applicable Building Aid Ratio: 92.1%
D. State Share of Outstanding Principal (SA132-A #3 * B * C): 188,158
E. Amount of Original Principal Refinanced: (SA132-A # 4) 235,000
F. State Share Ratio: (D / E) 80.0%
G. Total Fixed Costs Aided at 100% (SA132-A # 13): 6,922
H. Total Variable Costs of Refinancing (SA132-A # 23): 42,260
I. State Share of Variable Costs Aided at 100%:( H * F) 33,808
J. Total Principal Added(A - E - G - H): 3,818
K. State Share of Additional Principal Aided at 100% (J * F): 3,054
L. Total Refinancing Costs Aided at 100% (G + I + K): 43,784
M. Local Share of Variable Costs Aided at State Share (H - I): 8,452
Assumed Aidable Debt Service for Refinancing
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Assumed Debt Service for Fixed Costs: 656
Assumed Debt Service for State Share of Variable Costs: 3,200
Assumed Debt Service for State Share of Additional Principal: 290
Assumed Debt Service for Local Share of Variable Costs: * 695
* After application of Bond Percent.
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End of Report
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