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
7/19/2010	1	2.91%	$102,910
	5	3.06%	$21,873
	10	3.80%	$12,207
	15	4.44%	$9,273
	20	4.87%	$7,936
	25	5.14%	$7,195

(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 July 19, 2010. Rates are subject to change without notice.

Rate Trend

Bond Length (Years)	6/28/2010	7/5/2010	7/12/2010	7/19/2010
1	2.91%	2.91%	2.91%	2.91%
5	3.29%	3.20%	3.13%	3.06%
10	4.03%	3.94%	3.85%	3.80%
15	4.58%	4.51%	4.48%	4.44%
20	4.96%	4.91%	4.89%	4.87%
25	5.22%	5.17%	5.16%	5.14%

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