630902 QUEENSBURY UFSD                                                         
                                                                                    
                                                                                    
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             Amount Issued:      2,946,900   BLD                                    
 Date of Original Issuance:     16-Jun-88                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  002    1,450,946           0    731,163     719,783  17.5  25,391,555        
 0001  004      498,694           0          0     498,694  15.0   7,480,410        
 0001  005      418,398           0          0     418,398  15.0   6,275,970        
___________________________________________________________________________         
              2,368,038                                           39,147,935        
                                                                                    
                       Blended Maximum Useful Life:         16.5                    
                             Original Term of Bond:         20.0                    
                      Selected Maximum Useful Life:         20.0                    
                       Period Prior to 1 July 2002:         14.0                    
              Sel. Remaining Term for Amortization:          6.0                    
             Principal Outstanding as of July 2002:      960,000                    
                             Assumed Interest Rate:       4.867%                    
        Debt Service for Amortization Year 6 of 6 :      186,420                    
                                      Bond Percent:      99.983%                    
 Aidable Debt Service for Amortization Year 6 of 6       186,388                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                  755,000      
  B. Bond Percent:                                                     99.983%      
  C. Applicable Building Aid Ratio:                                      70.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):        680,524      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)            680,524      
  F. State Share Ratio: (D / E)                                         100.0%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                       657      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                10,778      
  I. State Share of Variable Costs Aided at 100%:( H * F)               10,778      
  J. Total Principal Added(A - E - G - H):                              63,041      
  K. State Share of Additional Principal Aided at 100% (J * F):         63,041      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                 74,476      
  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:                                    128      
  Assumed Debt Service for State Share of Variable Costs:                2,092      
  Assumed Debt Service for State Share of Additional Principal:         12,242      
  Assumed Debt Service for Local Share of Variable Costs: *                  0      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      5,100,000   BLD                                    
 Date of Original Issuance:     02-Apr-90                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  006      235,091           0          0     235,091  15.0   3,526,365        
 0001  007    1,239,568           0          0   1,239,568  15.0  18,593,520        
 0002  003       70,000           0          0      70,000  15.0   1,050,000        
 0002  005       88,037           0          0      88,037  15.0   1,320,555        
___________________________________________________________________________         
              1,632,696                                           24,490,440        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         19.0                    
                      Selected Maximum Useful Life:         19.0                    
                       Period Prior to 1 July 2002:         13.0                    
              Sel. Remaining Term for Amortization:          6.0                    
             Principal Outstanding as of July 2002:    1,800,000                    
                             Assumed Interest Rate:       4.860%                    
        Debt Service for Amortization Year 6 of 6 :      349,472                    
                                      Bond Percent:      99.983%                    
 Aidable Debt Service for Amortization Year 6 of 6       349,413                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,406,000      
  B. Bond Percent:                                                     99.983%      
  C. Applicable Building Aid Ratio:                                      70.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      1,275,983      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          1,275,983      
  F. State Share Ratio: (D / E)                                         100.0%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,221      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                20,060      
  I. State Share of Variable Costs Aided at 100%:( H * F)               20,060      
  J. Total Principal Added(A - E - G - H):                             108,736      
  K. State Share of Additional Principal Aided at 100% (J * F):        108,736      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                130,017      
  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:                                    238      
  Assumed Debt Service for State Share of Variable Costs:                3,894      
  Assumed Debt Service for State Share of Additional Principal:         21,112      
  Assumed Debt Service for Local Share of Variable Costs: *                  0      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      1,403,000   BLD                                    
 Date of Original Issuance:     04-May-93                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0003  006    1,403,000           0          0   1,403,000  15.0  21,045,000        
___________________________________________________________________________         
              1,403,000                                           21,045,000        
____                   Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         16.0                    
                      Selected Maximum Useful Life:         16.0                    
                       Period Prior to 1 July 2002:          9.0                    
              Sel. Remaining Term for Amortization:          7.0                    
             Principal Outstanding as of July 2002:      825,000                    
                             Assumed Interest Rate:       4.500%                    
        Debt Service for Amortization Year 6 of 7 :      138,702                    
                                      Bond Percent:     100.000%                    
 Aidable Debt Service for Amortization Year 6 of 7       138,702                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:     12,000,000   BLD                                    
 Date of Original Issuance:     22-Apr-98                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  019      577,220           0          0     577,220  15.0   8,658,300        
 0002  015    1,374,345           0          0   1,374,345  15.0  20,615,175        
 0003  008      489,162           0          0     489,162  15.0   7,337,430        
 0003  009      755,405           0          0     755,405  15.0  11,331,075        
 0019  001    9,040,037   9,040,037          0           0  30.0 271,201,110        
 5020  001    1,725,000   1,725,000          0           0  30.0  51,750,000        
___________________________________________________________________________         
             13,961,169                                          370,893,090        
                                                                                    
                       Blended Maximum Useful Life:         26.5                    
                             Original Term of Bond:         16.0                    
                      Selected Maximum Useful Life:         26.5                    
                       Period Prior to 1 July 2002:          4.0                    
              Sel. Remaining Term for Amortization:         22.0                    
             Principal Outstanding as of July 2002:    9,975,000                    
                             Assumed Interest Rate:       5.224%                    
       Debt Service for Amortization Year 6 of 22 :      768,120                    
                                      Bond Percent:      98.629%                    
 Aidable Debt Service for Amortization Year 6 of 22      757,589                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                7,561,000      
  B. Bond Percent:                                                     98.629%      
  C. Applicable Building Aid Ratio:                                      70.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      6,975,314      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          7,014,070      
  F. State Share Ratio: (D / E)                                          99.4%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     6,571      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               117,057      
  I. State Share of Variable Costs Aided at 100%:( H * F)              116,355      
  J. Total Principal Added(A - E - G - H):                             423,302      
  K. State Share of Additional Principal Aided at 100% (J * F):        420,762      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                543,688      
  M. Local Share of Variable Costs Aided at State Share (H - I):           702      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                    506      
  Assumed Debt Service for State Share of Variable Costs:                8,960      
  Assumed Debt Service for State Share of Additional Principal:         32,400      
  Assumed Debt Service for Local Share of Variable Costs: *                 53      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
                                                                                    
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             Amount Issued:      2,325,000   BLD                                    
 Date of Original Issuance:     22-Sep-98                                           
     __________________________________________________________________________     
                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0001  019      577,220           0          0     577,220  15.0   8,658,300        
 0002  015    1,374,345           0          0   1,374,345  15.0  20,615,175        
 0003  008      489,162           0          0     489,162  15.0   7,337,430        
 0003  009      755,405           0          0     755,405  15.0  11,331,075        
 0019  001    9,040,037   9,040,037          0           0  30.0 271,201,110        
 5020  001    1,725,000   1,725,000          0           0  30.0  51,750,000        
___________________________________________________________________________         
             13,961,169                                          370,893,090        
____                   Blended Maximum Useful Life:         26.5                    
                             Original Term of Bond:         19.0                    
                      Selected Maximum Useful Life:         26.5                    
                       Period Prior to 1 July 2002:          4.0                    
              Sel. Remaining Term for Amortization:         22.0                    
             Principal Outstanding as of July 2002:    1,925,000                    
                             Assumed Interest Rate:       5.225%                    
       Debt Service for Amortization Year 6 of 22 :      148,236                    
                                      Bond Percent:      98.629%                    
 Aidable Debt Service for Amortization Year 6 of 22      146,204                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
____________________________________________                                        
  A. Total Amount of Refinancing Issued (SA-132A #7):                1,465,000      
  B. Bond Percent:                                                     98.629%      
  C. Applicable Building Aid Ratio:                                      70.9%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      1,346,113      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          1,353,592      
  F. State Share Ratio: (D / E)                                          99.4%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                     1,274      
  H. Total Variable Costs of Refinancing (SA132-A # 23):                22,680      
  I. State Share of Variable Costs Aided at 100%:( H * F)               22,544      
  J. Total Principal Added(A - E - G - H):                              87,454      
  K. State Share of Additional Principal Aided at 100% (J * F):         86,929      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                110,747      
  M. Local Share of Variable Costs Aided at State Share (H - I):           136      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
____________________________________________                                        
  Assumed Debt Service for Fixed Costs:                                     98      
  Assumed Debt Service for State Share of Variable Costs:                1,736      
  Assumed Debt Service for State Share of Additional Principal:          6,694      
  Assumed Debt Service for Local Share of Variable Costs: *                 10      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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