10A Action 2008 0602 Attach - Preliminary Official Statement

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While the 2008 Bonds are held in the book-entry only system of DTC, all such payments will be made to Cede 8~ Co., as the registered Owner of the 2008 Bonds. The principal of the 2008 Bonds and any premium upon redemption, are payable in lawful money of the United States of America upon presentation and surrender thereof at the principal corporate trust office of the Trustee. See "APPENDIX G -Book Entry Only System". Redemption Optional Redemption. The 2008 Bonds maturing on or before September 1, 2018, are not subject to optional redemption prior to maturity. The 2008 Bonds maturing on and after September 1, 2019, are subject to redemption, at the option of the Agency, on any date on or after September 1, 2018, as a whole or in part, by such maturities as shall be determined by the Agency, and by lot within a maturity, from any available source of funds, at a redemption price equal to 100% of the principal amount of 2008 Bonds to be redeemed, together with accrued interest thereon to the date fixed for redemption. Mandatory Sinking Fund Redemption. The 2008 Bonds maturing on September 1, 20 and September 1, 20 shall also be subject to mandatory redemption in whole, or in part by lot, on September 1, 20 and September 1, 20 in each year set forth below, from sinking fund payments made by the Agency), at a redemption price equal to the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts and on September 1 in the respective years as set forth in the following table; provided however, that (x) in lieu of redemption thereof the Term Bonds may be purchased by the Agency pursuant to the terms of the Indenture, and (y) if some but not all of the Term Bonds have been redeemed pursuant to optional redemption, the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of the Term Bonds so redeemed, to be allocated among such sinking fund payments on a pro rata basis in integral multiples of $5,000 as determined by the Agency (notice of which determination shall be given by the Agency to the Trustee). Term Bonds of 20 September 1 Principal Amount Term Bonds of 20 September 1 Principal Amount General Redemption Provisions Notice of Redemption. The Trustee on behalf and at the expense of the Agency is required to mail (by first class mail, postage prepaid) notice of any redemption at least thirty (30) but not more than sixty (60) days prior to the redemption date, to (i) to the Owners of any 2008 -4-