Obligations Under Capital Leases:

Obligations under capital leases of $39,993,000 exist as of June 30,1985 bearing interest at annual rates ranging
from 6.5% to 17.5%. The following is a schedule of annual future minimum payments under these obligations,
along with the present value of the related net minimum payments as of June 30, 1985 (amounts expressed in
thousands):

Years ending
June 30,	Amount
1986	$ 7,118
1987	6,831
1988	6,253
1989	5,683
1990	5,384
1991 and thereafter	101,910
Total future minimum
payments	133,179
Less amount
representing interest	93,186
Present value of net
minimum lease
payments	$ 39,993

12. Contributed Capital:

The changes in contributed capital of the enterprise funds (amounts expressed in thousands) for the year ended
June 30, 1985, are as follows:

Economic Development

Maryland Maryland

Insurance Loan Transportation Environmental State Use
__ ___ ___ Programs___Programs Authority_______Service______Industries______Total___

Balance, July 1, 1984 ................... $58,495 $113,062 $4,331 $13,118 $401 $189,407

Contributions ......................... 4,298 14,254 6,155 24,707

Loss on disposal of contributed assets ..... (3,896) (2) (3,898)

Depreciation on contributed assets ....... ____________(96)__________________(1,310)__________(3)______(1,409)

Balance, June 30, 1985 ................. $62,793 $127,220 $ 4,331 $14,067 $396 $208,807

During 1985, the Maryland Environmental Service changed its policy of accounting for project costs of property,
plant and equipment and has reduced contributed capital previously reported as of July 1, 1984 by $23,244,000.

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