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Minnesota Municipal Power Agency
<br />Notes to Financial Statements
<br />December 31, 2022 and 2021
<br />Note 4: Long -Term Liabilities
<br />The Agency has issued the following Electric Revenue Bonds to finance its construction activities:
<br />Series 2009A, 1.40%, due October 1, 2009 to 2023
<br />Series 2013, 3.00%5.00%, due October 1, 2014 to 2023
<br />Series 2014, 2.00%-5.00%, due October 1, 2015 to 2044
<br />Series 2014A, 3.50%5.00%, due October 1, 2016 to 2035
<br />Series 2016, 2.13%-5.00%, due October 1, 2018 to 2047
<br />Total bonds outstanding
<br />Less current maturities
<br />Add unamortized premium
<br />Debt service requirements on the outstanding bonds are as follows:
<br />Year
<br />2022 2021
<br />$ 333,333
<br />2,180,000
<br />33,315,000
<br />56,125,000
<br />57,700,000
<br />149,653,333
<br />(8,988,333)
<br />16,688,386
<br />$ 157,353,386
<br />$ 666,667
<br />4,275,000
<br />35,180,000
<br />59,225,000
<br />58,920,000
<br />158,266,667
<br />(8,613,333)
<br />17,834,005
<br />$ 167,487,339
<br />incipal Interest Total
<br />2023
<br />$ 8,988,333
<br />$ 6,854,810
<br />$ 15,843,143
<br />2024
<br />6,760,000
<br />6,449,944
<br />13,209,944
<br />2025
<br />7,105,000
<br />6,111,944
<br />13,216,944
<br />2026
<br />7,435,000
<br />5,780,094
<br />13,215,094
<br />2027
<br />7,810,000
<br />5,408,344
<br />13,218,344
<br />2028-2032
<br />44,575,000
<br />21,486,287
<br />66,061,287
<br />2033-2037
<br />34,015,000
<br />11,179,075
<br />45,194,075
<br />2038-2042
<br />15,170,000
<br />6,428,800
<br />21,598,800
<br />2043-2047
<br />17,795,000
<br />2,689,450
<br />20,484,450
<br />$ 149,653,333
<br />$ 72,388,748
<br />$ 222,042,081
<br />24
<br />162
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