Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2000 GENERAL PURPOSE FINANCIAL STATEMENTS - Note 23 Subsequent Events

State of Connecticut

Note 23 Subsequent Events

In July $125 million of special tax obligation bonds were issued, maturing at various dates through 2014 with interest rates from 4.375 percent to 5.625 percent.

In September, $100 million of second lien special tax obligation bonds were issued, maturing at various dates through 2020 with an interest rate of 6%.

In October, $124.1 million of special assessment second injury fund revenue bonds were issued, maturing at various dates through 2015 and having interest rates of 4.5 percent to 5.25 percent. These bonds replaced BANs that were outstanding as of June 30, 2000.

In December, $400 million of general obligation bonds were issued, maturing at various dates through 2016 and having interest rates of 4.2 percent to 5.5 percent. Additionally, $80 million of taxable general obligation bonds were issued. These bonds mature on various dates through 2004 and bear interest rates of 6.45 percent to 6.5 percent.