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Annual Continuing Disclosure

The documents provide information as of their date and should be considered historical in nature. The Agency does not undertake to update information provided therein. The information and expressions of opinion herein are subject to change without notice and the posting of information on the Web Site does not imply that there has been no change in the affairs of the Agency since the date of the document.

In accordance with bond indentures, the Agency has submitted the following continuing disclosure to the Dissemination Agents, Trustees, and/or uploaded the information to the Municipal Advisory Council of Texas thru its Web Site at http://www.dislosureusa.org/ for dissemination to Nationally Recognized Municipal Securities Information Repositories (NRMSIRs) and State Repositories, if applicable.

Bond Insurance Rating Changes

Tax Allocation Bonds

• AMBAC Assurance Corporation
• Financial Guaranty Insurance Company
• MBIA Insurance Corporation
• Radian Asset Assurance Corporation
• XL Capital Assurance Inc.

Housing Bonds

• Financial Guaranty Insurance Company
• MBIA Insurance Corporation
• XL Capital Assurance Inc.

Tax Allocation Bonds Annual Disclosure

• 2007 Comprehensive Annual Financial Report (CAFR)
• 2007 Annual Disclosure for Tax Allocation Bonds

Housing Bonds Annual Disclosure

• 2007 Comprehensive Annual Financial Report (CAFR)
• 2007 Annual Disclosure for Housing Bonds

Revenue Bonds Annual Disclosure

• 2007 Comprehensive Annual Financial Report (CAFR)
• 2007 Certificate of No Default
• 2007 Annual Review of Tax Increment Disclosure

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