Under the Treasurer’s current investment policy, amounts in the <strong>City</strong> Pool are invested in accordance with State law in types <strong>of</strong> securities which are somewhat more limited than Permitted Investments. Set forth in the table below are the approximate book values, as <strong>of</strong> December 31, 2009, <strong>of</strong> amounts in the <strong>Airport</strong> Pool representing Construction Fund, Operating Fund, Contingency Account <strong>and</strong> Revenue Fund moneys. These amounts include certain minimum balances maintained in the <strong>City</strong> Pool for liquidity purposes. Also set forth below are the types <strong>of</strong> the investments in the <strong>Airport</strong> Pool as <strong>of</strong> such date. The market value <strong>of</strong> the amounts in the <strong>Airport</strong> pool as <strong>of</strong> December 31, 2009 was approximately $812.9 million. AIRPORT POOLED INVESTMENT FUND (As <strong>of</strong> December 31, 2009) Funds in <strong>Airport</strong> Pool Book Value Investment Distribution as <strong>of</strong> December 31, 2009 Operating Fund $189.2 million U.S. Treasury Liquidity Guarantee Program $181.6 million Construction Funds 529.9 million Contingency Account 92.6 million Collateralized Negotiable Certificates <strong>of</strong> Deposit 29.7 million Revenue Fund 1.2 million U.S. Treasury Notes 124.4 million TOTAL $812.9 million FNMA Notes 96.8 million U.S. Treasury Bills 11.9 million Fed Farm Credit Bank Note 48.7 million FHLB Notes 101.9 million FHLB Multistep 36.3 million FHLB Discount Notes 154.3 million FHLMC Floaters 11.9 million Public Time 15.4 million TOTAL $812.9 million (Remainder <strong>of</strong> this Page Intentionally Left Blank) 88
Currently Outst<strong>and</strong>ing Bonds The <strong>Commission</strong> has currently Outst<strong>and</strong>ing $4,377,125,000 in aggregate principal amount <strong>of</strong> Second Series Revenue Bonds (exclusive <strong>of</strong> the 2010A Bonds <strong>and</strong> the Refunded Bonds). See “INTRODUCTION” <strong>and</strong> “REFUNDING PLAN.” Outst<strong>and</strong>ing Principal Original Principal (as <strong>of</strong> Series Dated Date Amount Issued December 31, 2009) Purpose Issue 15A (AMT) January 1, 1998 $263,355,000 $165,685,000 New Money Issue 15B (Non-AMT) January 1, 1998 236,645,000 77,705,000 New Money Issue 16A (AMT) April 1, 1998 133,000,000 6,940,000 New Money Issue 16B (Non-AMT) April 1, 1998 82,000,000 25,195,000 New Money Issue 17 (Non-AMT) April 1, 1998 35,000,000 10,755,000 New Money Issue 18A (AMT) July 1, 1998 126,035,000 57,515,000 New Money Issue 20 (Non-AMT) October 1, 1998 267,985,000 206,735,000 Refunding Issue 21 (Non-AMT) October 1, 1998 82,015,000 61,465,000 New Money Issue 22 (AMT) December 1, 1998 125,000,000 96,465,000 New Money Issue 23A (AMT) May 1, 1999 168,335,000 148,680,000 New Money Issue 23B (Non-AMT) May 1, 1999 81,665,000 9,670,000 New Money Issue 24A (AMT) March 1, 2000 104,360,000 91,580,000 New Money Issue 24B (Non-AMT) March 1, 2000 28,140,000 2,700,000 New Money Issue 25 (AMT) March 1, 2000 117,500,000 103,110,000 New Money Issue 26A (AMT) December 1, 2000 87,230,000 76,540,000 New Money Issue 26B (Non-AMT) December 1, 2000 150,955,000 110,685,000 New Money Issue 27A (AMT) June 15, 2001 210,995,000 183,785,000 Refunding Issue 27B (Non-AMT) June 15, 2001 277,530,000 243,555,000 Refunding Issue 28A (AMT) February 15, 2002 116,640,000 103,945,000 Refunding Issue 28B (Non-AMT) February 15, 2002 151,210,000 63,810,000 Refunding Issue 28C (Non-AMT) February 15, 2002 97,150,000 42,675,000 Refunding Issue 29A (AMT) February 5, 2003 31,870,000 23,130,000 Refunding Issue 29B (Non-AMT) February 5, 2003 125,105,000 102,545,000 Refunding Issue 30 (Non-AMT) February 10, 2004 34,820,000 34,820,000 Refunding Issue 31F (Taxable) February 10, 2005 111,695,000 103,815,000 Refunding Issue 32F (Non-AMT) November 16, 2006 260,115,000 260,115,000 Refunding Issue 32G (Non-AMT) November 16, 2006 158,195,000 158,195,000 Refunding Issue 32H (AMT) November 16, 2006 34,690,000 25,110,000 Refunding Issue 34C (AMT) March 27, 2008 79,170,000 54,020,000 Refunding Issue 34D (Non-AMT) March 27, 2008 81,170,000 81,170,000 Refunding Issue 34E (AMT) March 27, 2008 299,365,000 260,955,000 Refunding Issue 34F (Private Activity/Non-AMT) Issue 36A (Non-AMT) † Issue 36B (Non-AMT) † Issue 36C (Non-AMT) † Issue 36D (Non-AMT) Issue 37C (Non-AMT) † March 27, 2008 May 8, 2008 May 8, 2008 May 20, 2008 May 20, 2008 May 15, 2008 16,645,000 100,000,000 40,620,000 36,145,000 32,685,000 89,895,000 16,645,000 100,000,000 40,620,000 36,145,000 32,685,000 89,895,000 Refunding Refunding Refunding Refunding Refunding Refunding Issue 37D (Non-AMT) May 20, 2008 19,690,000 19,690,000 Refunding Series 2008A Notes (AMT) November 13, 2008 226,735,000 166,470,000 Refunding Series 2009A Bonds (Non-AMT/Private Activity) September 3, 2009 92,500,000 92,500,000 Refunding Series 2009B Bonds (Non-AMT/Private Activity) September 3, 2009 82,500,000 82,500,000 Refunding Series 2009C Bonds (Non-AMT/Private Activity) November 3, 2009 132,915,000 132,915,000 Refunding Series 2009D Bonds (Non-AMT/Private Activity) November 4, 2009 88,190,000 88,190,000 Refunding Series 2009E Bonds (Non-AMT/Private Activity) November 18, 2009 485,800,000 485,800,000 New Money TOTAL $5,603,260,000 $4,377,125,000 _____________ † This Issue <strong>of</strong> Bonds was remarketed in order to convert the Bonds to securities not subject to the federal alternative minimum tax. 89
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SAN FRANCISCO INTERNATIONAL AIRPORT
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2010A BONDS MATURITY SCHEDULE The i
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Information Provided by the Commiss
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Page Page VERIFICATION OF MATHEMATI
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The 2010A Bonds will be secured by
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Maturity Date (May 1) 2011 2012 201
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Interest on the 2010A Bonds will be
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Mandatory Sinking Fund Redemption T
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Redemption of Credit Provider Bonds
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SPECIAL CONSIDERATIONS RELATING TO
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“Operation and Maintenance Expens
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Fifth, to pay for necessary reconst
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Letter of Credit Upon the delivery
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Pooled Reserve Account The 1991 Mas
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No Acceleration The Bonds are not s
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LETTER OF CREDIT AND REIMBURSEMENT
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appealable judgment, to be null and
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In addition to revenues received fr
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In addition to these regulatory act
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Each of Moody’s, Standard & Poor
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Initiative, Referendum and Charter
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Jackson J. Wong was appointed Chief
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Introduction APPENDIX B INFORMATION
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APPENDIX C SUMMARY OF CERTAIN PROVI
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Closing Date means the date upon wh
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Interest Payment Date means each da
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the Trustee for cancellation; (b) B
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payment agreement with the United S
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Special Facility means any existing
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Revenue Fund; Allocation of Net Rev
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Moneys in the respective accounts i
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Investments are allocated. Amounts
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Subordinate Bonds The Commission ma
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act or thing the effect of which wo
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filing of any such petition or to t
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moneys, funds and properties pledge
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The recitals, statements and repres
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The Trustee or the Paying Agent, as
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to or greater than the Credit Facil
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(a) such 2010A Bonds sold by the Re
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The Remarketing Agent The Remarketi
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APPENDIX D SUMMARIES OF CERTAIN PRO
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computations made in accordance wit
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APPENDIX E SUMMARY OF CERTAIN PROVI
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statement, it must be available fro
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Duties, Immunities and Liabilities
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APPENDIX F INFORMATION REGARDING TH
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Ambac Assurance’s consolidated fi
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Capitalization of AGM At September
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The available amount of each MBIA s
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complaint also alleges that certain
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APPENDIX G PROPOSED FORM OF OPINION
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APPENDIX H JPMORGAN CHASE BANK, NAT
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The Available Amount (as hereinafte
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JPMorgan Chase Bank, National Assoc
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JPMorgan Chase Bank, National Assoc
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JPMorgan Chase Bank, National Assoc
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IN WITNESS WHEREOF, this Certificat
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(ii) $_______________________ is de
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IN WITNESS WHEREOF, this Certificat
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IN WITNESS WHEREOF, this Certificat
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The undersigned Transferor acknowle
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The Bank of New York Trust Company,
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JPMorgan Chase Bank, National Assoc
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The Bank of New York Trust Company,
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