Bonds issued after January 1,1988, are subject to redemption provisions at the option of the State.

As of June 30,2000, the State has $98,325,000 of defeased debt outstanding, none of which was defeased during the year ended
June 30,2000.

General obligation bonds issued and outstanding, as of June 30,2000, are as follows (amounts expressed in thousands).

		Interest	Principal	Principal
Issue	Maturity	Rates	Issued	Outstanding
3/13/86	1989-2001	6.40-6.50	$ 124,585	$ 14,330
7/24/86	1990-2002	6.50-6.70	164,645	34,860
7/9/87	1991-2003	6.30-6.50	144,860	43,755
7/18/89	1992-2004	6.40-6.50	80,000	6,785
3/3/90	1993-2005	6.00-6.70	130,000	11,020
7/17/90	1994-2006	6.40-6.80	95,000	24,245
10/16/90	1994-2006	6.10-7.10	95,000	15,665
3/26/91	1994-2006	5.50-6.50	95,000	33,235
7/1/91	1996-2001	5.60-6.10	11,787	3,771
7/23/91	1995-2007	5.50-6.50	100,000	52,725
10/22/91	1995-2007	5.10-6.10	120,000	75,585
5/27/92	1995-2007	4.40-6.00	120,000	75,495
2/2/93	1996-2008	4.75-5.50	130,000	90,150
6/3/93(a)	1994-2008	4.50-5.50	278,150	225,580
10/21/93(a)	1995-2009	3.00-4.75	283,545	238,035
3/3/94(a)	1995-2009	3.50-4.75	184,210	133,015
6/2/94	1997-2009	4.875-5.50	120,000	91,435
10/20/94	1998-2010	5.00-6.00	160,000	131,985
3/23/95	1998-2010	5.00-5.70	175,000	145,090
10/26/95	1998- 2010	4.50-5.125	150,000	132,380
2/29/96	1999-2011	4.00-4.90	170,000	150,035
6/20/96	1999-2011	5.00-5.25	150,000	132,740
10/24/96	2000-2012	5.00	170,000	160,500
3/13/97	2000-2012	5.00	240,000	226,450
8/14/97	2001-2013	4.75-5.00	250,000	250,000
3/5/98	2001-2013	4.50-5.00	250,000	250,000
7/28/98	2002-2014	5.00-5.25	250,000	250,000
3/11/99	2002-2014	4.00-4.50	225,000	225,000
7/29/99	2003-2015	4.25-5.25	125,000	125,000
			$4,591,782	$3,348,866

(a) Includes refunding debt

General obligation bonds authorized but unissued as of June 30,2000, total $1,363,620,000.

As of June 30,2000, general obligation debt service requirements for principal and interest in future years are as follows (amounts
expressed in thousands):

Years Ending June 30,	Total	Years Ending June 30,	Total
2001 ....................... ...	..............$465,423,013	2009 ........................	..............$283,875,611
2002..........................	.............. 470,421,355	2010 ........................	.............. 244,260,451
2003 ..........................	.............. 459,224,936	2011 ........................	.............. 207,657,445
2004..........................	.............. 424,855,459	2012 ........................	.............. 158,205,805
2005..........................	.............. 406,259,018	2013 ........................	.............. 114,658,306
2006..........................	.............. 382,031,821	2014........................	............... 61,855,475
2007..........................	.............. 349,622,144	2015 ........................	............... 12,617,744
2008..........................	.............. 312,111,256

On August 3,2000, general obligation bonds aggregating $200,000,000 were issued. The interest rates on this issue range from
4.25% to 5.25% and the bonds mature serially through 2014.

Transportation Bonds ?

Transportation Bonds outstanding as of June 30,2000, are as follows (amounts expressed in thousands).

	Outstanding
Consolidated Transportation Bonds ? 4.0% to 6.4%, due serially through 2014............................................	.................... $300,200
Consolidated Transportation Bonds, Refunding - 4.0% to 5.5%, due serially through 2006...........................	.................... 424,570
County Transportation Bonds ? 5.6% to 6.2%, due serially through 2006............... ......................................	.................... 5,050
	$729,820

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