Interest Rates

Current Rates

Interest rates will vary depending on the length of borrowing, but will be based on the bond yields for highly rated bonds.

For Borrowing Amount of $5,000,000

As of	Bond Length (Years)	Est. Interest Rate¹	Est. Payment Per $100,000
11/17/2008	1	3.86%	$103,860
	5	4.15%	$22,559
	10	4.44%	$12,601
	15	4.94%	$9,595
	20	5.24%	$8,188
	25	5.44%	$7,411

(1) Represents All Inclusive Costs, including cost of issuance.

Recent events in the credit markets have created additional uncertainty resulting in a significant increase in the cost of bond insurance. The additional costs are reflected in the rates above

Rates include program fees and expenses and are based on the bond market as of November 17, 2008. Rates are subject to change without notice.

Rate Trend

Bond Length (Years)	8/25/2008	9/2/2008	9/8/2008	11/17/2008
1	3.30%	3.32%	3.32%	3.86%
5	3.71%	3.72%	3.65%	4.15%
10	4.06%	4.07%	4.01%	4.44%
15	4.46%	4.48%	4.42%	4.94%
20	4.75%	4.77%	4.70%	5.24%
25	4.95%	4.96%	4.90%	5.44%

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