LEGISLATIVE AUDIT DIVISION_part5

Dòng E năm 1998, ngày 01 tháng sáu năm 1998 - Ngày 01 Tháng sáu 1998, các trường đại học ban hành Series E 1998 Cơ sở vật chất Trái phiếu Doanh thu Cải thiện số lượng $. | A-35 Montana State University a component unit of the State of Montana Notes to Consolidated Financial Statements As of and for Each of the Years Ended June 30 continued Series E 1998 June 1 1998 - On June 1 1998 the University issued Series E 1998 Facilities Improvement Revenue Bonds in the amount of 8 255 000. Proceeds from the sale of the bonds were used to 1 finance the construction improvement repair replacement expansion renovation furnishing and equipping of the football stadium at the Bozeman campus 2 pay the premiums for the municipal bond insurance policy and 3 pay certain costs associated with the issuance of the Series E 1998 bonds. Bonds maturing on or before November 15 2008 are not subject to optional redemption prior to maturity. The MBIA unconditionally and irrevocably guarantees all bonds. With the issuance of Series K debt in July 2006 a significant portion of the bonds were refunded. Final maturity of the remaining Series E bonds is in November of 2008. Series G 2003 October 15 2003 - The Series G bonds were refunded on June 26 2008 upon issuance of the Series L 2008 bonds and as of June 30 2008 were considered to be legally defeased. The bonds were subsequently called in July 2008 and are no longer outstanding. Series H 2004 October 14 2004 - In October 2004 the University issued 23 665 000 in Series H 2004 Facilities Improvement Revenue Bonds to fund the construction of a new Chemistry Biochemistry Research Laboratory Facility on the Bozeman campus. Payments are scheduled each May and November through November 2034 including mandatory sinking fund redemptions for the November 2018 maturity in November 2017 for the November 2029 maturity in November 2027 2028 and 2029 and for the November 2034 maturity in November 2030 2031 2032 2033 and 2034. The bonds are secured by a first lien on and pledge of the net pledged revenues as described below. Payment is guaranteed by Ambac Assurance Corporation. Series I 2004 November 23 2004 - In November 2004

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