| FORM 990, SCH K, PART II, LINE 11, PART III, COL D & PART IV, LINE 2C COL D |
(CUSIP 917393BJ8) - THE SERIES 2016A BONDS REFUNDED A PORTION OF THE SERIES 2002B & C BONDS. ALL PROCEEDS WERE USED TO REFUND A PORTION OF THE 2002B & C BONDS ON JULY 13, 2016. PER THE SCHEDULE K INSTRUCTIONS, PART III WAS NOT COMPLETED BECAUSE THE SERIES 2016A BONDS REFUNDED BONDS WHICH WERE ISSUED BEFORE JANUARY 1, 2003. |
| FORM 990, SCHEDULE K, PART IV, LINE 3, COLUMN C (CUSIP 917393AY6) |
$80,000,000 OF THE TOTAL ISSUE PRICE ($250,004,117) WAS ISSUED AS VARIABLE RATE BONDS. THE REMAINDER WAS ISSUED AS FIXED RATE BONDS. |
| FORM 990, SCHEDULE K, PART II, LINE 3 |
AMOUNTS ON LINE 3 DIFFER FROM AMOUNTS REPORTED IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS RECEIVED DURING THE PROJECT PERIOD. |
| FORM 990, SCH K, PART II, LINE 11, COLUMN B & PART IV, LINE 2C, COLUMN B |
(CUSIP 769369AM1) - THE SERIES 2012A BONDS WERE REISSUED ON MARCH 22, 2017. ALL 2017 PROCEEDS WERE DEEMED TO BE USED TO REFUND THE 2012A BONDS. |
| FORM 990, SCHEDULE K, PART IV, LINE 3, COLUMN A (CUSIP 917393CE8) |
$200,000,000 OF THE TOTAL ISSUE PRICE ($406,502,765) WAS ISSUED AS VARIABLE RATE BONDS. THE REMAINDER WAS ISSUED AS FIXED RATE BONDS. |
| FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN A (CUSIP 626853CE3) |
THE REBATE COMPUTATION FOR THE SERIES 2003 BONDS WAS PERFORMED ON DECEMBER 17, 2008. |
| FORM 990, SCH K, PART IV, LINE 2C, COLUMN C (CUSIP 917393AY6) |
THE REBATE COMPUTATION FOR THE SERIES 2014 BONDS WAS PERFORMED ON AUGUST 19, 2019. |
| FORM 990, SCH K, PART IV, LINE 2C, COLUMN D (CUSIP 917393BJ8) |
THE REBATE COMPUTATION FOR THE SERIES 2016A BONDS WAS PERFORMED ON MAY 28, 2019. |
| FORM 990, SCH K, PART IV, LINE 2C, COLUMN A (CUSIP 917393CE8) |
THE REBATE COMPUTATION FOR THE SERIES 2016BCDE BONDS WAS PERFORMED ON MAY 28, 2019. |
| FORM 990, SCH K, PART IV, LINE 3, COLUMN C (CUSIP 917393CY4) |
$50,000,000 OF THE TOTAL ISSUE PRICE ($382,751,441) WAS ISSUED AS VARIABLE RATE BONDS. THE REMAINDER WAS ISSUED AS FIXED RATE BONDS. |
| FORM 990, SCHEDULE K, PART IV, LINE 4E, COLUMN A (CUSIP 626853CE3) |
ONE QUALIFIED HEDGE CONSISTING OF $106,380,000 NOTIONAL WITH AN ORIGINAL MATURITY DATE OF 8/1/2026 WAS NOVATED FROM JP MORGAN TO WELLS FARGO ON DECEMBER 1, 2014. THE SWAP WAS RESTRUCTURED WITH WELLS FARGO AND IS NO LONGER CONSIDERED A QUALIFIED HEDGE WITH RESPECT TO THE SERIES 2003 BONDS. AT THAT TIME, THREE OTHER QUALIFIED HEDGES (IN CONNECTION WITH THE SERIES 2003 BONDS), TOTALING $187,800,000 IN NOTIONAL, REMAINED WITH JP MORGAN, MAINTAINING FINAL MATURITY DATES THROUGH 2/1/2033. ON AUGUST 1, 2016, ONE OF THE REMAINING QUALIFIED HEDGES, WITH $65,000,000 IN NOTIONAL MATURED. ON SEPTEMBER 29, 2016 AND OCTOBER 6, 2016, THE REMAINING QUALIFIED HEDGES CONSISTING OF $82,276,000 AND $40,524,000 IN NOTIONAL WERE NOVATED FROM JP MORGAN TO WELLS FARGO, CITI, AND KEYBANK. THESE SWAPS WERE RESTRUCTURED AND ARE NO LONGER CONSIDERED QUALIFIED HEDGES WITH RESPECT TO THE SERIES 2003 BONDS. AS OF DECEMBER 31, 2016, NO QUALIFIED HEDGES REMAINED WITH RESPECT TO THE SERIES 2003 BONDS. |
| FORM 990, SCHEDULE K, PART IV, LINE 4E, COLUMN B (CUSIP 626853CJ2) |
$75,720,000 OF ONE QUALIFIED HEDGE WITH JP MORGAN WAS TERMINATED ON DECEMBER 17, 2014 - THE REMAINING $78,780,000 OF THE HEDGE REMAINED WITH JP MORGAN, MAINTAINING THE ORIGINAL MATURITY DATE OF 5/15/2037. AT THAT TIME, ONE ADDITIONAL QUALIFIED HEDGE (IN CONNECTION WITH THE SERIES 2005 BONDS), TOTALING $68,000,000 IN NOTIONAL, ALSO REMAINED WITH JP MORGAN, MAINTAINING A FINAL MATURITY DATE OF 5/15/2037. |
| FORM 990, SCH K, PART III, LINES 3B AND 3D |
THE ORGANIZATION FOLLOWS ESTABLISHED POLICIES AND PROCEDURES TO REVIEW MANAGEMENT/SERVICE CONTRACTS AND RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTY. BOND COUNSEL AND OTHER OUTSIDE COUNSEL ARE ENGAGED AS NEEDED FOR CERTAIN REVIEWS. ADDITIONALLY, THE ORGANIZATION CONDUCTS PERIODIC EDUCATION SESSIONS ON THESE TAX-EXEMPT BOND COMPLIANCE TOPICS TO ENSURE EXISTING POLICIES AND PROCEDURES ARE UNDERSTOOD AND BEING FOLLOWED. |