State Public School Building Authority Amendments

$3,805,000^*
State Public School Building Authority, Pennsylvania
Guaranteed School Building Revenue Bonds (Indiana County Technology Center Project),
Series of 2012

(1) Moody's Investors Service has assigned the following rating to the Bonds: Underlying: 'A3' Enhanced: 'Aa3' (Negative Outlook) based on additional security provided by the Commonwealth of Pennsylvania's Act 150 School District Intercept Program.

(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       $33,000
     AGC       $33,000

The cost of insurance and rating will be paid by the issuer.
^*Preliminary, subject to change 
	

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