480404 GARRISON UNION FREE SCHOOL                                              
                                                                                    
                                                                                    
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             Amount Issued:      2,500,000   BLD-10                                 
 Date of Original Issuance:     20-Feb-02                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  009    7,028,688           0  3,537,146   3,491,542  17.5 123,002,040        
___________________________________________________________________________         
              7,028,688                                          123,002,040        
                                                                                    
                       Blended Maximum Useful Life:         17.5                    
                             Original Term of Bond:         19.0                    
                      Selected Maximum Useful Life:         19.0                    
                       Period Prior to 1 July 2002:          1.0                    
              Sel. Remaining Term for Amortization:         18.0                    
             Principal Outstanding as of July 2002:    2,350,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 18 :      191,878                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 18      191,878                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      4,388,867   BLD-10                                 
 Date of Original Issuance:     21-May-02                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  009    7,028,688           0  3,537,146   3,491,542  17.5 123,002,040        
___________________________________________________________________________         
              7,028,688                                          123,002,040        
                                                                                    
                       Blended Maximum Useful Life:         17.5                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:          1.0                    
              Sel. Remaining Term for Amortization:         19.0                    
             Principal Outstanding as of July 2002:    4,388,687                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 19 :      346,070                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 19      346,070                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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