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REPORT OF FINAL SALE California Debt Advisory Commission For Office Use Only 915 Capitol Mall, Room 400, Sacramento, CA 95814 • P.O. Box 942809, Sacramento, CA 94209-0001 Tel.: (916) 653-3269 FAX: (916) 654-7440 i'lcsimile transmissions must be followed by hard copies.) Completion of this form is requested to provide information which was not available when the "Report of Proposed Debt Issuance" was filed with the CDAC or to verify information which was reported as "proposed". Additionally, please send a copy of the official statement (or offering circular) with this form to the CDAC. CDAC#: 96-0490 NAME OF ISSUER: COUNTYWIDE PUBLIC FINANCING AUTHORITY (If pool bond, list participants) ISSUE NAME: 1996 Revenue Bonds OFFICIAL STATEMENT/OFFERING MEMORANDUM: ®Enclosed ❑None prepared SALE DATE: July 16, 1996 PRINCIPAL AMOUNT SOLD: $ 27,725,000 IS THE INTEREST ON THE DEBT EXEMPT FROM TAXATION? Under State Law: ❑NO (taxable) ® YES (tax-exempt Under Federal Law: ❑NO (taxable) s If the issue is Federallytax-exempt,is interest a specific preference item ®YES (tax-exempt, for the purpose of altenative minimum tax? P ❑Yes,preference item ®No, not a preference item IS ANY PORTION OF THE DEBT FOR REFUNDING? ®No ❑Yes, amount of this issue(including costs) which is for refunding of existing debt If the issue is a negotiated refunding,indicate the reason(s)why the bonds were issued at a private or negotiated versus a competitive sale. (1)Timing of the sale provided more flexibility than a public sale ❑(2)Mom cost savings were expected to be realized than a public sale �I(3)More flexibility in debt structure was available than a public sale ❑(4)Issuer able to work with participants familiar with issue/r rather than with a public sale ❑(5)All of the above ❑ (6)Other(please specify) INTEREST TYPE: ❑TIC Z MC ❑ Variable(Please specify,) INTEREST COST: 5.27326 MATURITY SCHEDULE: ❑Attached Included in Official Statement/Offering Memorandum MATURITY STRUCTURE: ❑ Serial bond(S) ❑Term bond(T) �/ Serial and term bonds or two or more term(C) FINAL MATURITY DATE: 8/01/11 • INDICATE CREDIT RATING: (For example,"AAA"or"Aaa") ❑Not Rated ®Rated Standard & Poor's: AAA Fitch: Moody's: Aaa(MBIA Insured) Other: WAS THE ISSUE INSURED OR GUARANTEED? ❑No Bond insurance(I) ❑Letter of credit(L) ❑State Intercept Program(T) ❑Other(0) GUARANTOR: MBIA Insurance Corporation ISSUANCE COSTS: Total issuance costs: 469,122.86 —!Discount ❑Premium 185,757.50 Original Issue Discount: (OID) 95,619.60 l Section 53583(e)(2)(B)of the California Government Cale requires that any local agency selling refunding bonds at private.sale or on a negotiated basis shall send a written statement,within two weeks after the bonds are sold,to the CDAC explaining the reasons why the local agency determined to sell the bonds at private sale or on a negotiated basis instead Olaf public sale. 1/95