Proprietary Fund Type -

Maturities of component unit - proprietary fund type revenue bond principal and notes payable are as follows (amounts expressed
in thousands).

	Maryland	Maryland	Maryland
	Stadium	Food Center	Environmental
Years Ending June 30,	Authority	Authority	Service	Total
2001 ...............................	$ 7,545	$176	$ 2,521	$ 10,242
2002 ...............................	7,980	129	2,564	10,673
2003 ...............................	8,540	135	2,530	11,205
2004 ...............................	9,815		2,409	12,224
2005 ...............................	9,575		2,349	11,924
2006 and thereafter ........	249,946		16,489	266,435
	$293,401	$440	$28,862	$322,703

Maryland Stadium Authority (Authority) - Revenue Bonds -

The Authority has issued various lease revenue bonds and notes to finance the construction of the baseball and football stadiums,
and convention center expansions in Baltimore City and the Town of Ocean City. The outstanding debt is to be repaid through
capital lease payments from the State of Maryland, as the State has entered into capital lease arrangements for the use of the
facilities financed with the debt proceeds.

As of June 30,2000, the Authority had outstanding revenue bonds for the construction, renovation and expansion of certain
facilities as follows (amounts expressed in thousands).

	Outstanding	Interest	Maturity
Facility	Amount	Rates	Date
Baseball Stadium.............................. .........................................	................................... $138,326	6.5% to 7.6%	December 15, 2020
Football Stadium .......................................................................	................................... 89,910	4.7% to 5.8%	March 1,2026
Baltimore City Convention Center...........................................	................................... 49,085	5.3% to 5.9%	December 15, 2014
Ocean City Convention Center ................................................	................................... 16,080	4.8% to 5.4%	December 15, 2015

During 1993, the Authority entered into an interest rate swap agreement, a forward bond purchase agreement and a remarketing
agreement for the refunding of $121,380,000 of 7.3% fixed rate Series 1989D Bonds. The Authority agreed to retire the fixed rate
debt and issue variable rate debt by December 1998. During April 1996, the Authority received approximately $13,049,000, related
to the interest rate swap and forward bond purchase agreement. The Authority deferred this gain and is amortizing it over the life
of the related debt agreements. On December 9,1999, in accordance with the above agreements, the Authority issued taxable
floating rate bonds, Series 1999, to refinance the Series 1989D Bonds. Under terms of the interest swap agreement, there was no
change in the Authority's debt service payments. As a result $121,380,000 of the Series 1989 D bonds are considered defeased and
the liability for those bonds has been removed from lease revenue bonds payable. This refunding resulted in an excess of the
reacquisition price over the net carrying amount of the old debt of $3,467,000. This difference reported as a deduction from lease
revenue bonds payable is being amortized to interest expense through the year 2019. The Authority completed the refunding to
reduce its debt service payments by $1,728,000 and to obtain an economic gain of $10,323,000.

Maryland Food Center Authority (Authority) - Revenue Bonds -

As of June 30,2000, the Authority had revenue bonds outstanding of $440,000 which bear interest at 7.0% and mature June 15,2003.

Maryland Environmental Service (Service)- Revenue Bonds -

The Service has issued revenue bonds and other debt for the construction of certain projects. The balance as of June 30,2000, is
$28,862,000. The debt bears interest at rates ranging from 3.3% to 7.5%. The bonds are collateralized by the revenues of the related
projects. All rights, tide and interest in the related property, plant and equipment remains with the Service until expiration or completion
of the project and repayment of the revenue bonds. Thereafter, title to the assets passes to the governmental unit served by the projects.

During the year ended June 30,2000, funds received from the sale of land were used to defease a portion of the Regional Yard
Debris Composting Project Revenue Bonds. U.S. Government securities were deposited in an irrevocable trust with an escrow
agent to provide for all future debt service payments on $1,170,000 of the bonds. As a result, such amount is considered to be
defeased, and the liability for these bonds has been removed from long-term debt. While there was no economic gain or loss on this
transaction, an accounting loss on the defeasance of $53,000 has been recognized in the year ended June 30,2000.

On March 1,1999, the Service issued $11,555,000 in Regional Landfill Project Revenue Bonds, 1999 Series Bonds, with interest
rates of 3.5% to 4.2%. A portion of the proceeds were used to advance refund $5,430,000 of the outstanding Regional Landfill Project
Revenue Bonds, 1990 Series with interest rates of 5.9% to 6.9%. Proceeds of $5,686,000 from the Series 1999 Bonds were used to
purchase U.S. Government securities. Those securities were deposited in an irrevocable trust witii an escrow agent to provide for all

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