Infrastructure Financing Bonds (December 1, 1998)- The Maryland Department of Housing and Community Development

COMMUNITY DEVELOPMENT ADMINISTRATION
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
STATE OF MARYLAND
Infrastructure Financing Bonds
(AMBAC Insured)
1992 Series A
Dated February 1, 1992

With stated maturity dates, interest rates and *CUSIP numbers, as follows:

Maturity Date Rates CUSIPS

6/1/99 5.6% 57419HE86

6/1/00 5.75% 57419HE94

6/1/01 5.9% 57418HF28

6/1/02 6.0% 57419HF36

6/1/12 6.625% 57419HF44

6/1/22 6.7% 57419HF51

*No representation is made to the correctness of the CUSIP number either as printed on the Bonds or as contained in any notice and reliance may be placed only on the identification numbers established under the Series Certificate.

Notice is hereby given by the Community Development Administration (the "Administration") that direct obligations of the United States Government sufficient to pay the principal of, redemption premium (on those bonds to which a redemption premium is applicable) and interest on the above-referenced bonds (the "Bonds") up to their respective redemption or payment dates below have been deposited with The First National Bank of Maryland as Escrow Agent (the "Escrow Agent") under an Escrow Agreement with the Administration dated as of July 2, 1998 (the "Escrow Agreement").

As a result of such deposit, the Bonds described above are deemed to have been partially paid in accordance with the terms of the Resolution Adopted as of January 1, 1989, pursuant to which the Bonds were issued. Amounts held under the Escrow Agreement will be available for payment of interest on each of the Bonds described above on December 1, 1998 and each June 1 and December 1 thereafter to and including the respective dates on which such Bonds are to be redeemed or paid and will be available to pay the principal amount of the Bonds or redemption price of the Bonds at the redemption prices (calculated as a percentage of the principal amount of the Bonds to be redeemed) and on the redemption or maturity dates set forth below:

Maturity/Sinking Fund Payment Date June 1 Principal Amounts Rates Maturity/Call Date June 1 Call Price

1999 $40,000 5.6%

2000 $40,000 5.75%

2001 $45,000 5.9%

2002 $50,000 6.0%

$705,000 6.625% 2002 102%

$840,000 6.7% 2002 102%

by THE FIRST NATIONAL BANK OF MARYLAND, as Trustee and Escrow Agent
(410) 545-2135

Dated: July 7, 1998

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Maturity Date	Rates	CUSIPS
6/1/99	5.6%	57419HE86
6/1/00	5.75%	57419HE94
6/1/01	5.9%	57418HF28
6/1/02	6.0%	57419HF36
6/1/12	6.625%	57419HF44
6/1/22	6.7%	57419HF51

Maturity/Sinking Fund Payment Date June 1	Principal Amounts	Rates	Maturity/Call Date June 1	Call Price
1999	$40,000	5.6%
2000	$40,000	5.75%
2001	$45,000	5.9%
2002	$50,000	6.0%
	$705,000	6.625%	2002	102%
	$840,000	6.7%	2002	102%
		by THE FIRST NATIONAL BANK OF MARYLAND, as Trustee and Escrow Agent (410) 545-2135