The rating on Colorado Educational and Cultural Facilities Authority's bonds, issued for the National Cable Television Center and Museum project ("Museum"), is based upon an irrevocable direct-pay LOC issued by Norwest Bank Minnesota N.A. The bond proceeds will be used to construct a 74,000 square-foot building located on land leased to the Museum by the University of Denver pursuant to a 99-year ground lease. Initially, the bonds will bear interest at the weekly rate and can be converted to bear interest at the monthly, quarterly, semiannual, annual, fixed, and five-year interest rates. The initial LOC will cover the bonds bearing interest at the weekly rate and will terminate under the following circumstances: Acceleration drawing; LOC expiration drawing; Date bonds are
