| Computation of Legal Debt Margin | |
|---|---|
| December 16, 2003 | |
| (Expressed in Thousands) | |
| Estimated General Fund Tax Receipts for December 16, 2003 | $8,624,000 |
| Factor | 1.6 |
| Statutory Debt Limit for Debt Incurred | 13,798,400 |
| Less: Authorized Bonds, Notes, and Other Obligations subject to | |
| certain limitations. | 12,233,029 |
| Legal Debt Margin | $1,565,371 |
| SOURCE: | State of Connecticut General Obligation Bonds Offering Statement |
| Dated December 16, 2004 |