Bond Details - CUSIP 738855JG1

Obligation Special Tax Bonds, Series 2003 Issue Name Special Tax Bonds, Series 2003 Project Name Torrey Highlands - Sub Issue Type Mello-Roos CDIAC Number 2003-1851 Ratings Not Rated Issued $3,000,000.00 New Money $3,000,000.00 Outstanding $0.00 Dated Date 10/16/2003 1 st Coupon Date 3/1/2004 Last Coupon Date 3/1/2013 Date Refunded Maturity Date 9/1/2033 Issuer Status Refunded Documentation Official Statement Cap Interest True Cap Interest Amount $143,108.44 Number of Months 7 Net Funded False Debt Service True Debt Service Type Escalating Annual Average $224,179.11 Reserve Fund True Amount $281,396.38 Percentage 0.09380 Definition Lesser:10% OP;MADS;125% AADS Update Type Automatic Maturity: Saturday, September 01, 2029 Callable: YES Status: Coupon: 0.05750 Principal: $205,000.00 Interest: $69,287.50 Maturity: Sunday, September 01, 2030 Callable: YES Status: Coupon: 0.05750 Principal: $220,000.00 Interest: $57,500.00 Maturity: Monday, September 01, 2031 Callable: YES Status: Coupon: 0.05750 Principal: $240,000.00 Interest: $44,850.00 Maturity: Wednesday, September 01, 2032 Callable: YES Status: Coupon: 0.05750 Principal: $260,000.00 Interest: $31,050.00 Maturity: Thursday, September 01, 2033 Callable: YES Status: Coupon: 0.05750 Principal: $280,000.00 Interest: $16,100.00