Maryland Environmental Service. 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 30,2000 (amounts expressed in thousands).

	Capital Lease	Obligations with
Years Ending June 30,	Third Parties	Component Units
2001...........................................................................................................	$ 61,560	$ 27,873
2002...........................................................................................................	36,113	27,713
2003...........................................................................................................	30,343	27,525
2004...........................................................................................................	24,551	28,252
2005...........................................................................................................	22,211	27,030
2006 and thereafter ....................................................................................	185,334	411,980
Total future minimum payments .............................................................	360,112	550,373
Less: Amount representing interest.........................................................	120,517	247,525
Present value of net minimum payments .............................................	$239,595	$302,848

B. Long Term Obligations - Enterprise Funds -

The enterprise fund long-term obligations as of June 30,2000, consist of the following (amounts expressed in thousands).

Community Development Administration Revenue Bonds.. ...............................	$2,606,943
Maryland Water Quality Financing Administration Revenue Bonds ..................	127,656
Total Revenue Bonds.......................................................................................	2,734,599
Maryland State Lottery Agency Notes Payable ...................................................	4,068
Accrued Self-Insurance Costs..............................................................................	537
Accrued Annual Leave ........................................................................................	1,485
Total long-term obligations .............................................................................	$2,740,689

Maturities of enterprise funds notes payable and revenue bond principal are as follows (amounts expressed in thousands).

		Maryland	Maryland
	Community	Water Quality	State
	Development	Financing	Lottery
Years Ending June 30,	Administration	Administration	Agency
2001..............................................................................................................	$ 215,664	$ 9,195	$1,551
2002..............................................................................................................	53,997	8,655	1,144
2003..............................................................................................................	62,966	6,619	441
2004..............................................................................................................	65,960	6,535	482
2005..............................................................................................................	69,088	5,816	450
2006 and thereafter.......................................................................................	2,139,268	90,836
	$2,606,943	$127,656	$4,068

Community Development Administration (Administration) - Revenue Bonds:

The Administration, an agency of the Department of Housing and Community Development, has issued revenue bonds, the
proceeds of which were used for various mortgage loan programs. Assets aggregating approximately $2,917,980,000, and revenues
of each mortgage loan program are pledged as collateral for the revenue bonds. Interest rates range from 3.7% to 10.4%, with the
bonds maturing serially through July 2042. The principal amount outstanding as of June 30,2000, is $2,606,943,000. Substantially
all bonds are subject to redemption provisions at the option of the Administration. Redemptions are permitted at rates ranging from
100% to 102% of the outstanding principal amount. During fiscal year 2000, the Administration issued $535,358,000 of revenue
bonds with interest rates ranging from 3.7% to 6.4% and maturing serially through July 2042.

Subsequent to June 30,2000, the Administration issued and redeemed a total of $80,000,000 and $36,540,000 respectively, of
revenue bonds.

Maryland Water Quality Financing Administration (Administration) - Revenue Bonds -

The Administration, an agency of the Department of Environment, has issued revenue bonds for making loans. Interest rates
range from 4.3% to 6.9% with principal of $107,106,000 due serially from September 1,1999 to September 1,2014, and term bonds
aggregating principal of $20,550,000 due from September 1,2013 to 2015. These bonds are payable solely from the revenue, money
or property of the Administration. The bonds are subject to redemption provisions at the option of the Administration. Redemptions
are permitted at premiums ranging up to 2.5% of the outstanding principal amount.

As of June 30,2000, the Administration had $44,295,000 of debt defeased. The loss of $4,185,000 from the defeasance is being
deferred and amortized through interest expense through the year 2011.

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