The rating on Montgomery County Higher Education and Health Authority's bonds, issued for the Pennsylvania Higher Education and Health loan program, is based on an LOC provided by Dauphin Deposit Bank & Trust Company. The LOC covers principal of and interest on the bonds and the purchase price of tendered bonds. The LOC expires July 1, 2002 unless terminated earlier according to its terms. Proceeds will be loaned to two 501(c)(3) loan program participants, Neumann Medical Center and Presbyterian Homes of the Presbytery of Huntingdon, to refinance debt and finance certain capital improvement and construction projects. The bonds are issued in a weekly interest rate mode. Holders may tender their bonds on any business day with appropriate notice. The bonds
