$6,070,000*
Central Columbia School District, Columbia County, Pennsylvania
General Obligation Bonds, Series A of 2020

(1) S&P has assigned a AA- (stable outlook) rating to the Bonds.

(2) In accordance with the "Municipal Bond Insurance and Credit Rating" section of the Invitation to Bid for the Bonds, bidders only have the option to bid for the Bonds without insurance, or with insurance from one of the following insurers at the respective premiums:

  
     Insurer   Premium
     -------   -------
     AGM       $15,175
     AGC       $15,175
     MAC       $15,175
     BAM       $12,600

The cost of insurance and rating will be paid by the issuer.

*Preliminary, subject to change


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