The long-term ratings on Albuquerque, N.M.'s bonds series 2000A and 2000B are based on insurance policies issued by AMBAC. The short-term ratings are based on a standby bond purchase agreement provided by Morgan Guaranty Trust Co. Initially, the bonds will bear interest at the weekly rate and can be converted to bear interest at the daily rate, bond interest term rate or the long-term interest rate. The bonds are subject to mandatory tenders on the following: The first day following the last day of the bond interest term; The first day of each interest rate period; The fifth business day prior to the expiration, termination , reduction, modification or replacement of the SBPA; or The fifth business day prior to
