Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 25 Subsequent Events

State of Connecticut

Notes to the Financial Statements

June 30, 2006

Note 26 Subsequent Events

In July 2006, the State issued $180 million of Clean Water fund general revenue bonds and general revenue refunding bonds. The bonds will mature in years 2007 through 2027 and bear interest rates ranging from 3.75% to 5.0%.

In October 2006, the State issued $608.4 million of general obligation bonds and general obligation refunding bonds. The bonds will mature in years 2007 through 2026 and bear interest rates ranging from 4.0% to 5.0%.

In December 2006, the State issued $400 million of general obligation bonds. The bonds will mature in years 2007 through 2021 and bear interest rates ranging from 3.5% to 5.07%.

In April 2007, the State issued $135.4 million of University of Connecticut general obligation bonds and general obligation refunding bonds. The bonds will mature in years 2008 through 2027 and bear interest rates ranging from 3.5% to 5.0%.