N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-05608
PUBLIC FACILITY LOAN TRUST
(Exact name of registrant as specified in charter)
C/O U.S. BANK CORP TRUST DEPT ONE FEDERAL STREET BOSTON, MA					02110
(Address of principal executive offices)					(Zip code)
DAVID W. DOUCETTE U.S. BANK CORPORATE TRUST SERVICES ONE FEDERAL STREET, BOSTON, MA 02110
(Name and address of agent for service)
Registrant’s telephone number, including area code:				617-603-6534
Date of fiscal year end:	DECEMBER 31, 2006
Date of reporting period:		January 1, 2006 – June 30, 2006

Item 1.            Reports to Stockholders.

Public Facility Loan Trust

Statement of Assets and Liabilities

For The Period Ended 6/30/06

ASSETS:
Investment in Loans, at amortized cost (Note 3 and Schedule of Investments)	13,988,339
Temporary investments (Note 4)	7,809,416
Accrued interest receivable	37,509
Deferred bond issuance costs, net of accumulated amortization of $2,646,821	2,919
Cash	(5,037		)
Total assets	21,833,146
LIABILITIES:
Bonds payable, at amortized cost (Note 5)	—
Accrued interest payable	—
Accrued expenses and other liabilities	222,671
Refunds	11,108
Total liabilities	233,779
Net assets	$	21,599,367
NET ASSETS REPRESENTED BY:
Class A Certificates of beneficial interest (maximum liquidation price of $50,000, at par (Note 6)	500
Class B Certificates of beneficial interest, at par (Note 6)	10,000
Additional paid-in capital	8,701,173
Undistributed net investment income	12,887,694
	$	21,599,367
MAXIMUM FIXED LIQUIDATION PRICE OF CLASS ACERTIFICATES, per share of beneficial interest	$	100
NET ASSET VALUE OF CLASS B CERTIFICATES, per share of beneficial interest	$	2,154.94

The accompanying notes are an integral part of this statement.

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Public Facility Loan Trust

Statement of Operations

For The Period Ended 6/30/06

INVESTMENT INCOME:
Interest	$		937,248
EXPENSES:
Interest	—
Servicing fees (Note 7)	7,175
Amortization of deferred bond issuance costs	—
Trustee fees (Note 7)	58,052
Other	66,644
Total expenses	131,871
Net investment income	$	805,377

The accompanying notes are an integral part of this statement.

2

Public Facility Loan Trust

Statements of Changes in Net Assets

For The Period Ended 6/30/06

	6/30/06			6/30/05
NET INVESTMENT INCOME	$	805,377		$		1,176,596
DISTRIBUTIONS TO HOLDERS OF:
Class A Certificates	$	(30	)	$		(30	)
Class B Certificates	$	(2,806,226	)	$		(615,933	)
Total distributions	$	(2,806,256	)	$		(615,963	)
Increase (decrease in net assets)	$	(2,000,879	)	$		560,633
NET ASSETS:
Beginning of period	$	23,600,246		$		23,621,700
End of period	$	21,599,367		$	24,182,333

The accompanying notes are an integral part of these statements.

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Public Facility Loan Trust

Statement of Cash Flows

For The Period Ended 6/30/06

	06/30/06			06/30/05		Dollar Change		Percentage Change
OPERATING ACTIVITIES:
Cash received from loans-
Interest	$	342,908		658,911		(316,003	)	-48	%
Refundable payments	(8,264		)	(26,295	)	18,031		-69	%
Interest income from temporary investments	174,309			302,075		(127,766	)	-42	%
Interest expense	—			(169,686	)	169,686		-100	%
Other expenses	(166,469		)	(234,210	)	67,741		-29	%
Net cash provided by operating activities	342,484			530,795		(188,311	)	-35	%
INVESTMENT ACTIVITIES:
Principal collections on loans	2,256,359			3,546,982		(1,290,623	)	-36	%
Net increase in temporary investments	202,006			424,377		(222,371	)	-52	%
Net cash provided by investing activities	2,458,365			3,971,359		(1,512,994	)	-38	%
FINANCING ACTIVITIES:
Principal payments to Bondholders	—			(3,886,524	)	3,886,524		-100	%
Distributions to Certificateholders - Class A	(30		)	(30	)	—
Distributions to Certificateholders - Class B	(2,806,226		)	(615,933	)	(2,190,293	)	356	%
Net cash (used in) financing activities	(2,806,256		)	(4,502,487	)	1,696,231		-38	%
Net decrease in cash	(5,407		)	(333	)	(5,074	)	1526	%
CASH:
Beginning of period	334			333		1		0	%
End of period	(5,073		)	1		(5,074	)	-626364	%
RECONCILIATION OF NET INVESTMENT INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Net investment income	805,377			1,176,596		(371,219	)	-32	%
Ajustment relating to Loans-
Accretion of market discount	(452,058		)	(655,944	)	203,886		-31	%
Increase in accrued interest receivable	32,397			14,730		17,667		120	%
Adjustments relating to Bonds-
Amortization of original issue discount	—			108,882		(108,882	)	-100	%
Amortization of deferred bond issuance costs	—			3,698		(3,698	)	-100	%
Decrease in accrued interest payable	—			(97,163	)	97,163		-100	%
Other adjustments-
Increase in accrued expenses and other liabilities	(34,598		)	234,210		(268,808	)	-115	%
Decrease in Refund Liability	(8,264		)	(26,295	)	18,031		-69	%
Net cash provided by operating activities	342,854			758,713		(415,859	)	-55	%

The accompanying notes are an integral part of this statement.

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Public Facility Loan Trust

Financial Highlights For the Class B Certificates

For The Period Ended 6/30/06

	6/30/2006			6/30/2005
PER SHARE DATA:
Net asset value, beginning of period	$	(370.43	)	$	(191.18	)
Net investment income	(80.54		)	(117.66		)
Distributions to Class A and B Certificateholders	(280.63		)	(61.60		)
Net asset value, end of period	$	(731.59	)	$	(370.43	)
RATIOS AND SUPPLEMENTAL DATA:
Expenses to average net assets	0.58		%	1.78		%
Net investment income to average net assets	3.52		%	4.99		%
Net assets applicable to Class B Certificates	$	21,549,366.82		$	24,132,332.62

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Public Facility Loan Trust

Notes To Financial Statements-Unaudited

June 30, 2006

1. The Trust and its Activities

Public Facility Loan Trust (the “Trust”) was established in July, 1988 under the laws of the Commonwealth of Massachusetts by a declaration of trust (the “Declaration of Trust”) by Shawmut Bank, N.A., not acting in its individual capacity but solely as owner trustee (the “Owner Trustee”). US Bank is currently the Owner Trustee. The Trust is registered under the Investment Company Act of 1940 as a closed-end, diversified management investment company. The sole purpose of the Trust is to raise funds through the issuance and sale of its Bonds (as defined below) and to invest the related proceeds in the Loans (as defined below) which it purchased from the United States Department of Housing and Urban Development (“HUD”).

In August, 1988, the Trust purchased 1,196 loans (the “Loans”) from HUD, which had an aggregate outstanding principal balance of approximately $271,950,000, in return for (i) the net proceeds from the sale of the Trust’s Bonds (as defined below) and (ii) the Class A and B Certificates of beneficial interest in the net assets of the Trust (the “Certificates”). Pursuant to an indenture (the “Indenture”) dated August 1, 1988, between the Trust and Chemical Bank, as bond trustee (the “Bond Trustee”), the Trust issued four classes of sequential pay bonds (the “Bonds”) in August, 1988, which had an aggregate par value of $235,958,000, using the Loans as collateral. The Bond Trustee holds the original notes and bonds evidencing the Loans. Chase Manhattan Bank successor to Chemical Bank, is currently the Bond Trustee.

During 1997, GMAC Commercial Mortgage Corporation (“GMAC”) became the servicer of the Trust’s Loans pursuant to the servicing agreement dated August 1, 1988 (the “Servicing Agreement”). Prior to that time, the Trust’s servicer was General Electric Capital Corporation (“GECC”). (GMAC and GECC are hereinafter referred to as the “Servicer”). The Servicer’s responsibilities include collecting payments on the Loans and maintaining the Loan files.

In accordance with the Indenture, the Trust maintains three funds, the Revenue, Expense and Liquidity Funds (the “Funds”), which are invested temporarily in permitted investments. All payments received on the Loans and earnings on the amounts in the Funds are used to make payments on the Bonds, to pay the Trust’s administrative expenses and to make distributions to the Certificate holders.

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2. Summary of Significant Accounting Policies

Investment in Loans and Temporary Investments

The Loans were recorded at the inception of the Trust at their purchased cost. Such cost resulted in the recognition of market discount from the Loans’ outstanding principal balances. The purchase cost was determined by an independent appraiser, since a portion of the consideration paid by the Trust (the Class A and B Certificates) for the Loans did not have a readily determinable market value. The appraised value of the Loans was also used to determine the initial carrying amount of the Certificates.

Pursuant to a “no action letter” the Trust received from the Securities and Exchange Commission, the market discount on the Loans is included in the Trust’s statement of operations using the amortized cost method of accounting. Under this method, interest on each Loan is recognized by applying the Loan’s effective interest rate to the amortized cost of the Loan at the beginning of the period. A Loan’s effective interest rate is the rate which discounts the Loan’s scheduled future cash flows (including principal and interest) to its amortized cost. The amortization of market discount for each Loan included in the Trust’s statement of operations is the difference between the Loan’s interest income and its coupon interest.

Temporary investments are stated at cost.

Deferred Bond Issuance Costs

Deferred bond issuance costs of $2,649,740 were capitalized on the date the Bonds were issued and are amortized using the effective interest method over the estimated life of the bonds.

Bonds Payable

The Bonds are stated at their outstanding par value less unamortized original issue discount. Original issue discount amortization is included in the Trust’s statement of operations using the effective interest method.

Income and Expense Recognition

Investment income and expenses are recognized on an accrual basis.

Federal Income Taxes

No provision for federal income taxes is included in the Trust’s statement of operations since the Trust intends to comply with the provisions of Subchapter M of the Internal Revenue Code and to distribute all of its taxable income, if any, to its Certificate holders to the extent that such distributions are permitted by the indenture.

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Presentation of Capital Distributions

During 1994, the Trust adopted the American Institute of Certified Public Accountants’ Statement of Position 93-2, “Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain and Return of Capital Distributions by Investment Companies” (“SOP 93-2”). SOP 93-2 requires the reporting of distributions in excess of tax basis earnings and profits as a tax return of capital and the presentation of capital accounts on a basis that approximates amounts available for future distributions on a tax basis. Tax basis earnings and profits are computed in accordance with income tax regulations, which differ, in certain respects, from the methods used by the Trust to determine the corresponding amounts in accordance with generally accepted accounting principles.

There were no changes in the Trust’s net assets and net investment income as a result of adopting SOP 93-2. As the Trust has no capital gains and its tax basis earnings and profits exceeded the distributions made to the Trust’s Certificate holders, no distributions have been characterized as tax returns of capital.

Use of Estimates

In preparing its financial statements, the Owner Trustee made certain estimates and assumptions that affect amounts at which assets and liabilities and investment income and expenses are reported in the Trust’s statement of assets and liabilities and statement of operations, respectively. Future results could differ from these estimates.

3. The Loans

The Loans are bonds and other loans, substantially all of which are tax-exempt, issued by municipalities, special districts, not for-profit organizations, hospitals and Indian tribes to refinance loans for the construction of water, sewage, hospital and other public facilities.

The Loans may generally be repaid ahead of schedule at the option of the borrowers at par or with a small premium. The Loans are secured by various types of collateral, including general obligations and pledges of gross or net revenues, special assessments and mortgages. The Trust purchased the Loans from HUD without recourse, except for certain representations and warranties by HUD specified in the related Loan Sale Agreement. These representations and warranties were originally scheduled to expire in August 1990. During 1990 and 1991, HUD extended certain of its representations and warranties to May 1992. During 1992, HUD verbally agreed to extend certain of its representations and warranties until a notice of breach and agreement is executed.

The amortized cost of the Loans at June 30, 2006, was as follows:

Outstanding principal	$	15,940,929
Unamortized market discount	(1,952,590		)
	$	13,988,339

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4. Temporary Investments

The Trust has entered into investment agreements pertaining to its temporary investments with JP Morgan Chase Bank for the three Funds that are required by the Indenture. As all the Bonds were paid in full in August 2005, JP Morgan Chase Bank closed the three Fund Accounts, and transferred the balances of the three Funds to US Bank in April 2006. Due to the full repayment of the Bonds, Monies deposited into the Funds are invested at the variable interest rates and are available for other payments pursuant to the Indenture on each Payment Date. (as defined in Note 5).

At June 30, 2006, the Fund balances and interest rates, which are variable due to full repayment of the Bonds were as follows:

Fund	Interest Rate	Fund Balance
Revenue	Variable	$	2,666,445
Expense	Variable	3,902,442
Liquidity	Variable	1,240,528
		$	7,809,416

Substantially all of the June 30, 2006 Revenue Fund balance was used to make the August 1, 2006 Certificate distribution described in Note 6.

5. The Bonds

The Bonds are sequential pay bonds, with semiannual interest payable on each February 1 and August 1 (each, a “Payment Date”) at 5% per annum.

The indenture provides that principal payments are to be made on the Bonds on each Payment Date prior to the Bond’s stated maturity in an aggregate amount equal to the lesser of the Available Amount or the Principal Distribution Amount (both as defined below) on such Payment Date. The Indenture provides that such principal payments are to be applied to each class of Bonds in the order of their respective stated maturities so that no principal payments are made until the Bonds having an earlier stated maturity have been paid in full. The Bonds are not otherwise subject to redemption prior to their stated maturity.

The Available Amount is the amount in the Revenue and Liquidity Funds on each Payment Date, after payment of (a) interest on, and principal at stated maturity of, the Bonds, (b) scheduled administrative expenses not paid from the Expense Fund and (c) any required funding of the Expense or Liquidity Funds.

The Principal Distribution Amount for any Payment Date is the sum of (a) the difference, if any, between the aggregate Collateral Value (as defined below) of the Loans on such Payment Date and the aggregate Collateral Value of the Loans on the immediately preceding Payment Date and (b) the unpaid portion of any previous Principal Distribution Amount.

4

The Collateral Value of each Loan is equal to the lesser of (a) the present value of the remaining scheduled interest and principal payments on the Loan, together with assumed reinvestment income thereon from each Assumed Deposit Date (30 to 60 days after the date the scheduled payments are due) to the Payment Date that follows its Assumed Deposit Date (as defined in the Indenture) at the variable Reinvestment Rate, discounted semiannually to the Payment Date using a discount rate of 5% per annum or (b) the outstanding principal balance of the Loan.

The Class 1 Bonds, the Class 2 Bonds, the Class 3 Bonds, and the Class 4 Bonds were retired in August 1994, February 1997, August 1999 and August 2005, respectively.

6. The Certificates of Beneficial Interest

Information regarding the Trust’s fully paid, nonassessable shares of certificates of beneficial interest as of June 30, 2006, and for the year then ended, is as follows:

	Class A			Class B
Number of shares outstanding	500			10,000
Par value per share	$	1		$	1
Fixed dividend rate per annum (cumulative)	6		%	0		%

The Declaration of Trust provides that distributions on the Class A and Class B Certificates are payable solely from Available Funds (as defined in the Declaration of Trust), it any, transferred from the Bond Trustee to the Owner Trustee. Prior to payment of the Bonds in full and discharge of the Indenture, the Declaration of Trust provides that Available Funds be applied in the following order of priority:

a.To pay any indemnities or Trust expenses not otherwise payable as administrative expenses;

b.To the Class A Certificate holders for dividends accrued or in arrears; and

c.To the Class B Certificate holders, subject to the limitations described below;

The “fixed liquidation price” of the Class A Certificates is $100 per share. In the event of liquidation, dissolution or termination of the Trust, the Class A Certificate holders are entitled to receive, in cash, the fixed liquidation price together with all dividends accrued or in arrears to that date, before any distribution of the assets of the Trust are made to the Class B Certificate holders; the Class A Certificate holders are entitled to no further participation in such distribution. If upon any such liquidation, dissolution or termination, the assets distributable to the Class A Certificate holders are insufficient to permit the payment of the full preferential amount, the entire assets of the Trust are to be distributed to the holders of the Class A Certificates then outstanding.

The Declaration of Trust provides that no distributions can be made to the Class B Certificate holders to the extent that such distributions would cause the net assets of the Trust to be less than the aggregate fixed liquidation price of the outstanding Class A Certificates.

5

The Indenture provides that upon repayment of the Bonds in full and the discharge of the Indenture, any Loans or other assets held by the Bond Trustee will be transferred to the Owner Trustee. The Declaration of Trust provides that the cash funds on that date, as well as subsequent cash receipts from any remaining Loans, are to be applied by the Owner Trustee as described above.

The Certificates are transferable pursuant to conditions in the Declaration of Trust.

7. Trustee and Servicing Fees

Bond Trustee

The Indenture provides that the Bond Trustee is to receive, on each August 1, an annual fee equal to .015% of the aggregate outstanding principal amount of the Loans on the immediately preceding Bond Payment Date.

Owner Trustee

The Indenture provides that the Owner Trustee is to receive a semiannual fee of $6,500 on February 1 and August 1 of each year.

Servicer

The Servicing Agreement provides that the Servicer is to receive a monthly servicing fee equal to one-twelfth of 0.195% of the outstanding principal balance of each Loan on the first day of the preceding month.

8. Fair Value of Financial Instruments

Statement of Financial Accounting Standards No. 107, “Disclosures About Fair Value of Financial Instruments,” (“SFAS No. 107”) requires the Trust to disclose estimated fair values of certain of its financial instruments. As SFAS No. 107 allows the use of a wide range of valuation techniques, it may be difficult to compare the Trust’s fair value information to independent markets or to other fair value information.

The carrying amounts of the financial assets and liabilities of the Trust as disclosed in the statement of assets and liabilities represent their fair value, except for the temporary investments, investments in loans and bonds payable. The estimated fair value of the investments in loans is not practicably estimable as these loans are not liquid and the cost of estimating the fair value is prohibitively expensive. A listing of all of the investments in loans, including their related carrying amounts, interest rates and maturities are included in the schedule of investments in loans. The estimated fair value of the bonds payable is not practicably estimable as these bonds payable include the value of the net assets of the Trust upon liquidation.

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Public Facility Loan Trust

Asset Portfolio

6/30/2006 (Unaudited)

ID	Cusip Number	Description	State	Stated Interest Rate %	Maturity Date	Current Principal Balance	Percentage of Total Principal Balance		Amortized Cost	Percentage of Total Amortized Cost
40005901	40005901	ARDMORE WATERWORKS	Alabama	5.000	7/1/2009	78,000	0.49	%	71,250	0.51	%
40000501	40000501	BIG COVE WATER AUTHORITY	Alabama	4.000	7/1/2006	9,000	0.06	%	8,999	0.06	%
40007801	40007801	CITY OF FAYETTE	Alabama	4.250	4/1/2008	43,000	0.27	%	40,303	0.29	%
40006401	40006401	CITY OF GUNTERSVILLE	Alabama	4.500	1/1/2007	13,000	0.08	%	12,812	0.09	%
40006402	40006402	CITY OF GUNTERSVILLE	Alabama	6.000	1/1/2009	62,000	0.39	%	58,372	0.42	%
40005501	40005501	DOUGLAS WATER AND FIRE	Alabama	5.000	1/1/2009	190,000	1.19	%	176,729	1.26	%
40003801	40003801	ENTERPRISE PUBLIC BUILDING	Alabama	4.500	11/1/2007	101,000	0.63	%	96,357	0.69	%
40001801	40001801	HAZEL GREEN WATER & FIRE	Alabama	4.500	8/1/2007	83,000	0.52	%	79,786	0.57	%
40005101	40005101	HELENA UTILITIES BOARD	Alabama	5.625	12/1/2012	180,000	1.13	%	148,101	1.06	%
40002302	40002302	LITTLEVILLE WATERWORKS	Alabama	5.000	2/1/2009	50,000	0.31	%	44,815	0.32	%
40002601	40002601	MAYSVILLE WTR & FIRE PR	Alabama	4.500	8/1/2007	32,000	0.20	%	30,780	0.22	%
40004101	40004101	SELMA PUBLIC BUILDING AUTH.	Alabama	5.625	5/1/2014	650,000	4.08	%	508,286	3.63	%
40005902	40005902	TOWN OF ARDMORE	Alabama	5.000	7/1/2009	10,000	0.06	%	9,070	0.06	%
40005001	40005001	TOWN OF BLOUNTSVILLE	Alabama	5.625	12/1/2006	25,999	0.16	%	25,631	0.18	%
40001501	40001501	TOWN OF GRANT	Alabama	6.000	7/1/2007	8,000	0.05	%	7,784	0.06	%
40001601	40001601	TOWN OF GULF SHORES	Alabama	4.000	4/1/2007	18,000	0.11	%	17,523	0.13	%
40007301	40007301	TOWN OF MOULTON	Alabama	3.750	9/1/2007	95,000	0.60	%	90,633	0.65	%
40007501	40007501	TOWN OF PARRISH	Alabama	5.625	12/1/2007	39,000	0.24	%	37,204	0.27	%
40004601	40004601	TOWN OF SLOCOMB	Alabama	4.125	12/1/2007	51,000	0.32	%	47,948	0.34	%
40006601	40006601	WINFIELD WATERWORKS	Alabama	5.625	10/1/2008	28,000	0.18	%	26,049	0.19	%
			Alabama Total			1,765,999	11.08	%	1,538,432	11.00	%
40008601	40008601	GREATER JUNEAU BOROUGH	Alaska	4.500	10/1/2008	135,000	0.85	%	125,475	0.90	%
			Alaska Total			135,000	0.85	%	125,475	0.90	%
40009201	40009201	ARKANSAS STATE UNIVERSIT	Arkansas	4.500	10/1/2009	460,000	2.89	%	403,714	2.89	%
40010101	40010101	CITY OF CENTER HILL	Arkansas	5.625	10/1/2012	172,000	1.08	%	142,630	1.02	%
40013502	40013502	CITY OF PARKDALE	Arkansas	4.500	4/1/2007	6,000	0.04	%	5,845	0.04	%
40014002	40014002	CITY OF SALEM	Arkansas	4.250	10/1/2006	15,000	0.09	%	14,745	0.11	%
40014003	40014003	CITY OF SALEM	Arkansas	4.250	10/1/2007	15,100	0.09	%	13,858	0.10	%
40015002	40015002	CITY OF WEST FORK	Arkansas	4.500	4/1/2008	16,000	0.10	%	15,052	0.11	%
40013101	40013101	TOWN OF NORPHLET	Arkansas	4.000	7/1/2007	15,000	0.09	%	14,464	0.10	%
			Arkansas Total			699,100	4.39	%	610,308	4.36	%
40015401	40015401	APPLE VALLEY HGTS CO WTR	California	4.000	7/1/2008	3,000	0.02	%	2,823	0.02	%
40016801	40016801	IDYLLWILD CO. WTR. DIST	California	5.000	10/1/2008	150,000	0.94	%	139,639	1.00	%
			California Total			153,000	0.96	%	142,462	1.02	%
40018801	40018801	TRI-COUNTY WTR. CONSER.	Colorado	5.000	4/1/2010	800,000	5.02	%	664,153	4.75	%
			Colorado Total			800,000	5.02	%	664,153	4.75	%
40019001	40019001	CITY OF ALTAMONTE SPRING	Florida	5.625	2/1/2012	290,000	1.82	%	248,103	1.77	%
40019004	40019004	CITY OF ALTAMONTE SPRING	Florida	5.375	2/1/2009	180,000	1.13	%	167,527	1.20	%
40020201	40020201	CITY OF CRYSTAL RIVER	Florida	4.000	9/1/2006	36,000	0.23	%	35,760	0.26	%
40021001	40021001	CITY OF HOMESTEAD	Florida	4.500	7/1/2007	160,000	1.00	%	154,406	1.10	%

40021002	40021002	CITY OF HOMESTEAD	Florida	5.625	7/1/2012	329,997	2.07	%	278,046	1.99	%
40021501	40021501	CITY OF LIVE OAK	Florida	5.625	4/1/2013	125,000	0.78	%	102,819	0.74	%
40021502	40021502	CITY OF LIVE OAK	Florida	5.625	4/1/2013	128,000	0.80	%	105,375	0.75	%
40020001	40020001	TOWN OF CEDAR GROVE	Florida	5.625	5/1/2012	46,803	0.29	%	39,457	0.28	%
40020401	40020401	TOWN OF EATONVILLE	Florida	6.000	4/1/2011	94,610	0.59	%	82,505	0.59	%
40022401	40022401	TOWN OF SAINT MARKS	Florida	4.500	5/1/2008	30,000	0.19	%	28,127	0.20	%
			Florida Total			1,420,410	8.91	%	1,242,125	8.88	%
40026201	40026201	CALHOUN COUNTY GEORGIA	Georgia	5.375	12/1/2010	195,000	1.22	%	167,007	1.19	%
40026301	40026301	CANDLER COUNTY HOSP. AUTH.	Georgia	4.750	8/1/2009	155,000	0.97	%	138,129	0.99	%
40028601	40028601	CITY OF CHUBBUCK	Georgia	6.000	10/1/2012	375,000	2.35	%	314,327	2.25	%
40025101	40025101	CITY OF EATONTON	Georgia	5.000	9/1/2008	145,000	0.91	%	134,838	0.96	%
40025501	40025501	CITY OF FORT GAINES	Georgia	4.750	1/1/2008	46,000	0.29	%	44,019	0.31	%
40027301	40027301	CITY OF METTER	Georgia	5.375	5/1/2011	125,000	0.78	%	108,433	0.78	%
40028502	40028502	CITY OF WOODSTOCK	Georgia	5.625	7/1/2013	134,999	0.85	%	112,324	0.80	%
40025601	40025601	TOWN OF FORT OGLETHORPE	Georgia	6.000	10/1/2008	220,000	1.38	%	205,821	1.47	%
			Georgia Total			1,395,999	8.76	%	1,224,898	8.76	%
40029801	40029801	CITY OF EAST ST. LOUIS	Illinois	4.750	7/1/2010	85,000	0.53	%	74,137	0.53	%
40030101	40030101	CITY OF JOHNSTON CITY	Illinois	5.625	11/1/2006	22,000	0.14	%	21,754	0.16	%
40030801	40030801	CITY OF MONMOUTH	Illinois	3.875	7/1/2006	149,999	0.94	%	149,983	1.07	%
40031401	40031401	CITY OF STERLING	Illinois	5.000	5/1/2009	150,000	0.94	%	135,437	0.97	%
40029701	40029701	CURRAN GARDNER TOWNSHIPS	Illinois	4.500	11/1/2007	100,000	0.63	%	95,104	0.68	%
40030601	40030601	LAKE BLUFF PARK DISTRICT	Illinois	4.000	12/1/2006	26,000	0.16	%	25,522	0.18	%
			Illinois Total			532,999	3.34	%	501,937	3.59	%
40032101	40032101	CITY OF EVANSDALE	Indiana	3.625	10/1/2009	75,000	0.47	%	66,656	0.48	%
40031601	40031601	CORDRY-SWEETWATER CONSER	Indiana	5.000	4/1/2011	145,000	0.91	%	125,045	0.89	%
40031701	40031701	TOWN OF HANOVER	Indiana	5.000	6/1/2006	7,000	0.04	%	7,000	0.05	%
			Indiana Total			227,000	1.42	%	198,701	1.42	%
40032602	40032602	CITY ADAIRVILLE	Kentucky	4.500	3/1/2008	39,000	0.24	%	35,837	0.26	%
40034101	40034101	CITY OF COLD SPRING	Kentucky	5.375	8/1/2010	149,173	0.94	%	132,105	0.94	%
40036202	40036202	CITY OF HODGENVILLE	Kentucky	4.500	5/1/2008	49,000	0.31	%	46,047	0.33	%
40036703	40036703	CITY OF JACKSON	Kentucky	6.000	5/1/2008	12,000	0.08	%	11,435	0.08	%
40037603	40037603	CITY OF MIDDLESBORO	Kentucky	4.750	4/1/2010	181,000	1.14	%	160,453	1.15	%
40039504	40039504	CITY OF STANTON	Kentucky	4.750	4/1/2007	17,000	0.11	%	16,473	0.12	%
40035902	40035902	HENDRON WATER DISTRICT	Kentucky	5.375	2/1/2011	201,000	1.26	%	171,993	1.23	%
40036101	40036101	HICKORY WATER DIST.	Kentucky	3.750	8/1/2006	38,000	0.24	%	37,872	0.27	%
			Kentucky Total			686,173	4.30	%	612,215	4.38	%
40040701	40040701	BAYOU LIBERTY WATER ASSOC.	Louisiana	5.375	9/1/2011	181,000	1.14	%	153,541	1.10	%
40041201	40041201	CITY OF DONALDSONVILLE	Louisiana	4.500	4/1/2009	63,000	0.40	%	57,249	0.41	%
40040601	40040601	PARISH OF AVOYELLES HOSP	Louisiana	4.750	11/1/2009	85,000	0.53	%	74,586	0.53	%
40042501	40042501	PINE HILLS WATERWORKS DI	Louisiana	4.500	7/1/2008	39,000	0.24	%	36,539	0.26	%
40042601	40042601	PRAIRIE RD, WATER DIST.	Louisiana	5.625	12/1/2012	158,000	0.99	%	127,083	0.91	%
40041501	40041501	TOWN OF GRAMBLING	Louisiana	5.375	1/1/2010	83,000	0.52	%	75,303	0.54	%
40041301	40041301	VILLAGE OF EAST HODGE	Louisiana	6.000	9/1/2011	42,000	0.26	%	36,197	0.26	%
40042401	40042401	VILLAGE OF PARKS	Louisiana	3.750	2/1/2007	8,000	0.05	%	7,817	0.06	%
40042402	40042402	VILLAGE OF PARKS	Louisiana	5.625	8/1/2012	135,000	0.85	%	117,002	0.84	%
40043001	40043001	VILLAGE OF SOUTH MANSFIE	Louisiana	4.000	1/1/2008	14,000	0.09	%	13,347	0.10	%
			Louisiana Total			808,000	5.07	%	698,664	4.99	%
40044401	40044401	VILLAGE OF ONTONAGON	Michigan	4.500	10/1/2006	15,000	0.09	%	14,851	0.11	%
			Michigan Total			15,000	0.09	%	14,851	0.11	%

40044901	40044901	CITY OF LAKE CITY	Minnesota	4.000	10/1/2006	27,000	0.17	%	26,701	0.19	%
			Minnesota Total			27,000	0.17	%	26,701	0.19	%
40049302	40049302	CITY OF WAVELAND	Mississippi	5.375	7/1/2007	52,000	0.33	%	50,535	0.36	%
40049401	40049401	CITY OF WAYNESBORO	Mississippi	6.000	1/1/2008	46,000	0.29	%	44,548	0.32	%
			Mississippi Total			98,000	0.61	%	95,083	0.68	%
40050501	40050501	JACKSON CO WATER DIST 15	Missouri	5.625	12/1/2008	246,000	1.54	%	227,398	1.63	%
			Missouri Total			246,000	1.54	%	227,398	1.63	%
40051701	40051701	THE WRIGHTSTOWN MUNICIPA	New Jersey	5.625	1/1/2016	209,000	1.31	%	161,530	1.15	%
			New Jersey Total			209,000	1.31	%	161,530	1.15	%
40059501	40059501	BRYAN CO HOME AUT NURSIN	North Carolina	4.000	2/1/2007	18,000	0.11	%	17,582	0.13	%
40058601	40058601	SCIOTO BOARD OF COMMISSIONERS	North Carolina	5.375	5/1/2010	135,000	0.85	%	119,634	0.86	%
40054602	40054602	TOWN OF HAVELOCK	North Carolina	4.000	6/1/2006	22,000	0.14	%	22,000	0.16	%
40055902	40055902	TOWN OF NEWPORT	North Carolina	5.625	6/1/2007	2,500	0.02	%	2,433	0.02	%
40056301	40056301	TOWN OF PRINCEVILLE	North Carolina	6.000	6/1/2008	18,000	0.11	%	17,039	0.12	%
40058701	40058701	VILLAGE OF SOMERSET	North Carolina	3.625	1/1/2004	—	0.00	%	—	0.00	%
			North Carolina Total			195,500	1.23	%	178,688	1.28	%
40060801	40060801	GROVE MUNICIPAL SERVICES	Ohio	4.125	6/1/2007	14,000	0.09	%	13,513	0.10	%
40061301	40061301	MOORE PUBLIC WORKS AUTHO	Ohio	5.000	1/1/2010	295,000	1.85	%	264,061	1.89	%
			Ohio Total			309,000	1.94	%	277,574	1.98	%
40065301	40065301	CITY OF BEAUFORT	Oklahoma	5.625	10/1/2014	663,000	4.16	%	525,057	3.75	%
40061502	40061502	MULDROW UTILITY AUTHORIT	Oklahoma	5.000	4/1/2009	130,000	0.82	%	119,371	0.85	%
40062101	40062101	PAULS VALLEY HOSP AUTHOR	Oklahoma	4.500	4/1/2007	41,000	0.26	%	39,813	0.28	%
40066501	40066501	TOWN OF FAIRFAX	Oklahoma	4.750	4/1/2009	75,000	0.47	%	68,096	0.49	%
40068701	40068701	TOWN OF SUMMERTON	Oklahoma	4.750	4/1/2010	82,000	0.51	%	72,479	0.52	%
40069001	40069001	TOWN OF WARE SHOALS	Oklahoma	5.375	7/1/2009	34,000	0.21	%	31,284	0.22	%
40063401	40063401	VALLEY VIEW HOSPITAL AUT	Oklahoma	4.125	12/1/2007	111,000	0.70	%	104,436	0.75	%
			Oklahoma Total			1,136,000	7.13	%	960,536	6.87	%
40069201	40069201	CITY OF NORTH SIOUX CITY		5.625	3/1/2012	52,000	0.33	%	43,993	0.31	%
			South Dokota Total			52,000	0.33	%	43,993	0.31	%
40069802	40069802	CITY OF ARDMORE	Tennessee	5.000	7/1/2009	4,000	0.03	%	3,641	0.03	%
40069803	40069803	CITY OF ARDMORE	Tennessee	5.000	7/1/2009	46,000	0.29	%	41,981	0.30	%
40077301	40077301	CITY OF ARP	Tennessee	4.000	6/15/2006	8,000	0.05	%	8,000	0.06	%
40070001	40070001	CITY OF ATHENS	Tennessee	4.500	10/1/2008	180,000	1.13	%	165,437	1.18	%
40072201	40072201	CITY OF GOODLETTSVILLE	Tennessee	4.500	6/1/2009	115,000	0.72	%	103,595	0.74	%
40074401	40074401	CITY OF RAMER	Tennessee	5.375	3/1/2010	21,000	0.13	%	18,791	0.13	%
40077101	40077101	TOWN OF ANTHONY	Tennessee	5.625	8/1/2012	58,000	0.36	%	49,337	0.35	%
40071001	40071001	TOWN OF CHURCHILL	Tennessee	4.500	1/1/2009	119,000	0.75	%	110,395	0.79	%
40073401	40073401	TOWN OF MICHIE	Tennessee	4.500	7/1/2009	81,000	0.51	%	73,396	0.52	%
40073701	40073701	TOWN OF OLIVER SPRINGS	Tennessee	5.000	12/1/2008	215,000	1.35	%	197,775	1.41	%
40076201	40076201	UN FORK-BAKEWELL	Tennessee	4.500	6/1/2009	71,000	0.45	%	63,884	0.46	%
40076702	40076702	UTILITY DISTRICT	Tennessee	4.500	5/1/2008	73,000	0.46	%	68,329	0.49	%
			Tennessee Total			991,000	6.22	%	904,561	6.47	%
40078401	40078401	BRAZORIA COUNTY WATER CO	Texas	5.000	11/1/2008	33,000	0.21	%	30,643	0.22	%
40078901	40078901	CARDINAL MEADOWS IMPVT D	Texas	4.500	3/1/2009	14,516	0.09	%	13,205	0.09	%
40079101	40079101	CHILDRESS GENERAL HOSPIT	Texas	4.500	7/1/2008	83,000	0.52	%	77,379	0.55	%
40080201	40080201	CITY DALWORTHINGTON GARD	Texas	4.500	7/1/2008	26,000	0.16	%	24,329	0.17	%
40077503	40077503	CITY OF AUBREY	Texas	4.000	8/1/2006	3,500	0.02	%	3,487	0.02	%
40078702	40078702	CITY OF BYERS	Texas	4.000	8/1/2006	7,000	0.04	%	6,976	0.05	%

40079502	40079502	CITY OF COPPELL	Texas	4.000	5/1/2006	1,980	0.01	%	1,980	0.01	%
40080801	40080801	CITY OF FATE	Texas	5.000	3/1/2010	27,000	0.17	%	23,978	0.17	%
40080901	40080901	CITY OF GARY	Texas	4.500	10/1/2007	102,000	0.64	%	97,305	0.70	%
40081201	40081201	CITY OF GREY FOREST	Texas	4.500	12/1/2007	160,000	1.00	%	151,495	1.08	%
40088301	40088301	CITY OF HARRISVILLE	Texas	4.500	7/1/2009	28,000	0.18	%	25,632	0.18	%
40081501	40081501	CITY OF HOOKS	Texas	5.375	12/1/2010	189,000	1.19	%	162,538	1.16	%
40081901	40081901	CITY OF HUXLEY	Texas	5.000	3/1/2009	215,000	1.35	%	196,943	1.41	%
40083001	40083001	CITY OF LUCAS	Texas	5.000	12/1/2009	49,000	0.31	%	43,692	0.31	%
40083802	40083802	CITY OF NEW SUMMERFIELD	Texas	4.500	5/1/2007	14,000	0.09	%	13,596	0.10	%
40088501	40088501	CITY OF PLAIN CITY	Texas	4.500	5/1/2012	166,000	1.04	%	135,812	0.97	%
40084901	40084901	CITY OF QUEEN CITY	Texas	5.375	12/1/2011	210,000	1.32	%	176,186	1.26	%
40085101	40085101	CITY OF RAYMONDVILLE	Texas	5.375	3/1/2010	60,000	0.38	%	54,197	0.39	%
40085401	40085401	CITY OF RENO	Texas	5.625	1/1/2013	98,000	0.61	%	83,102	0.59	%
40082001	40082001	COUNTY MUNICIPAL WATER D	Texas	5.000	4/1/2009	100,000	0.63	%	91,290	0.65	%
40080101	40080101	COUNTY OF CULBERSON	Texas	5.000	10/1/2009	60,000	0.38	%	53,084	0.38	%
40086001	40086001	COUNTY OF SAN PATRICIO	Texas	4.500	7/1/2008	27,000	0.17	%	25,107	0.18	%
40079801	40079801	CROSBY MUNICIPAL DISTRIC	Texas	5.625	1/1/2013	108,000	0.68	%	91,599	0.65	%
40079802	40079802	CROSBY MUNICIPAL DISTRIC	Texas	5.625	1/1/2013	360,000	2.26	%	304,661	2.18	%
40080701	40080701	FANNIN COUNTY HOSPITAL	Texas	6.000	2/1/2011	419,850	2.63	%	363,798	2.60	%
40088201	40088201	FARR WEST CITY SEWER IMP	Texas	4.500	11/1/2009	8,000	0.05	%	7,201	0.05	%
40088202	40088202	FARR WEST CITY SEWER IMP	Texas	4.500	11/1/2009	18,000	0.11	%	15,877	0.11	%
40083201	40083201	MACEDONIA-EYLAN FRESH WATER	Texas	4.500	5/1/2010	73,000	0.46	%	63,791	0.46	%
40085301	40085301	RED RIVER AUTHORITY OF T	Texas	4.500	4/1/2009	22,000	0.14	%	19,802	0.14	%
40086201	40086201	SCHAEFER ROAD RURAL WATER	Texas	5.000	2/1/2010	28,000	0.18	%	25,112	0.18	%
40086502	40086502	SEYMOUR HOSPITAL AUTH.	Texas	4.500	8/1/2007	12,000	0.08	%	11,488	0.08	%
40086501	40086501	SEYMOUR HOSPITAL AUTHORI	Texas	4.500	8/1/2007	88,000	0.55	%	84,245	0.60	%
40086701	40086701	SOUTH LIMESTONE HOSPITAL	Texas	6.000	10/1/2011	200,000	1.25	%	169,301	1.21	%
40079601	40079601	TOWN OF CORBES	Texas	5.375	1/1/2010	22,000	0.14	%	20,063	0.14	%
40087401	40087401	TOWN OF WHITEHOUSE	Texas	5.000	3/1/2010	95,000	0.60	%	84,996	0.61	%
			Texas Total			3,127,846	19.62	%	2,753,890	19.69	%
40088601	40088601	CITY OF PLEASANT VIEW	Utah	6.000	9/1/2011	152,000	0.95	%	131,320	0.94	%
40088801	40088801	SALT LAKE COUNTY	Utah	6.000	7/1/2013	620,000	3.89	%	523,579	3.74	%
			Utah Total			772,000	4.84	%	654,899	4.68	%
40089801	40089801	PORT OF KINGSTON	Washington	4.000	7/1/2006	55,856	0.35	%	55,850	0.40	%
40089802	40089802	PORT OF KINGSTON	Washington	5.000	7/1/2006	4,047	0.03	%	4,047	0.03	%
			Washington Total			59,903	0.38	%	59,897	0.43	%
40090301	40090301	CITY OF BENWOOD	West Virginia	6.000	1/1/2012	79,000	0.50	%	69,364	0.50	%
			West Virginia Total			79,000	0.50	%	69,364	0.50	%
						15,940,929			13,988,335

Item 2.Code of Ethics.

Not applicable to the registrant.

Item 3.Audit Committee Financial Expert.

Not applicable to the registrant.

Item 4.Principal Accountant Fees and Services.

Not applicable at this time.

Item 5.Audit Committee of Listed Registrants.

Not applicable to the registrant.

Item 6.Schedule of Investments.

Schedule is included as part of the report to shareholders filed under Item 1.

Item 7.Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to the registrant.

Item 8.Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers.

Not applicable to the registrant.

Item 9.Submission of Matters to a Vote of Security Holders.

Not applicable to the registrant.

Item 10.Controls and Procedures.

Not applicable to the registrant.

Item 11.Exhibits.

The following exhibits are attached to this Form N-CSR:

(a)

1)Code of Ethics or amendments:  not applicable to the registrant.

2)Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(a) under the Act  (17 CFR 270.30a-2(a)) is attached as Exhibit 99.1.

3)Written solicitation to purchase securities:  not applicable to the registrant.

4)Annual Compliance Statement of the Servicer, GMAC Commercial Mortgage Corporation, is attached as Exhibit 99.2.

5)Attestation Report of Independent Accountants, Pricewaterhouse Coopers, LLP, is attached as Exhibit 99.3.

6)GMAC reports pursuant to sections 1302 and 1307 of the Servicing Agreement are attached as Exhibit 99.4.

(b)  Certification by the registrant’s Owner Trustee, as required by Rule 30a-2(b) under the Act  (17 CFR 270.30a-2(a)) is attached as Exhibit 99.5.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant):	PUBLIC FACILITY LOAN TRUST
By:	US Bank, not in its individual capacity, but solely as Owner Trustee under a Declaration of Trust dated as of July 8, 1988, amended and restated as of August 25, 1988
By:	/s/ David W. Doucette
	David W. Doucette
	Vice President
Date:	January 3, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	US Bank, not in its individual capacity, but solely as Owner Trustee under a Declaration of Trust dated as of July 8, 1988, amended and restated as of August 25, 1988
By (signature and title)*:	/s/ David W. Doucette
	David W. Doucette
	Vice President
Date:	January 3, 2007

* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

Exhibit 99.CERT

CERTIFICATIONS

I, David W. Doucette, certify that:

1.I have reviewed this report on Form N-CSR of Public Facility Loan Trust (the “Registrant”);

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if financial statements are required to include a statement of cash flows) of the registrant as of, and for, the period presented in the report;

4.Based on my knowledge, the distribution or servicing information required to be provided to the bond trustee and owner trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in this report;

5.Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the bond trustee and owner trustee in accordance with the terms of the pooling and servicing, or similar agreement, and except as disclosed in the report, the servicer has fulfilled its obligations under the servicing agreement; and

6.The report discloses all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar agreement, that is included in this report.

In giving the certification above, I have reasonably relied on information provided to me by the following unaffiliated parties: GMAC Commercial Mortgage Corporation and J.P. Morgan Trust Company National Association.

Date:	January 3, 2007	/s/ David W. Doucette
		David W. Doucette
		Vice President

1

EX-99.906CERT

Exhibit 99.906CERT

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, David W. Doucette, Vice President of US Bank, the Owner Trustee of Public Facility Loan Trust (the “Registrant”), hereby certifies that:

1.the Registrant’s report on Form N-CSR (the “Report”) for the period ended 6/30/2005 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:	January 3, 2007
By:	/s/ David W. Doucette
	David W. Doucette
	Vice President

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission of its staff upon request.

This certification is being furnished to the Commission solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of the Report filed with the commission.

1

EX-99.2

Exhibit 99.2

Annual Statement as to Compliance

For the Year Ended December 31, 2005

HUD Public Facility Loan Trust

Pursuant to GMAC Commercial Mortgage Corporation’s Servicing Standards, I hereby attest that:

i.A review of the activities of GMAC Commercial Mortgage Corporation as Servicer during the period, and of its compliance with procedures has been made under my supervision.

iiTo the best of my knowledge, based on such review, GMAC Commercial Mortgage Corporation as Servicer, has fulfilled all of its obligations throughout the period.

GMAC COMMERCIAL MORTGAGE CORPORATION

By:	Mark E. McCool
Title:	Senior Vice President
Date:	February 20, 2006

AG

200 Witmer Road   -  P.O. Box 1015   -  Horsham, PA 19044-8015

EX-99.3

Exhibit 99.3

PricewaterhouseCoopers LLP

PricewaterhouseCoopers Center

300 Madison Avenue

New York NY 10017

Telephone (616) 471 3000

www.pwc.com

Report of Independent Accountants

To the Board of Directors and Shareholder of
GMAC Commercial Mortgage Corporation:

We have examined management’s assertion, dated February 27, 2006, about GMAC Commercial Mortgage Corporation’s (the “Company’s”) compliance with its established minimum master servicing policy (“Master Servicing Policy”), which management derived from the Mortgage Bankers Association of America’s Uniform Single Attestation Program for Mortgage Bankers (USAP), as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company’s compliance with the Master Servicing Policy. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance based on our examination.

Our examination was made in accordance with the standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the Master Servicing Policy and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination of the Company’s compliance with the Master Servicing Policy.

In our opinion, management’s assertion that, except for instances of noncompliance, the Company complied with the aforementioned Master Servicing Policy as of and for the year ended December 31, 2005 is fairly stated, in all material respects.

February 27, 2006

EX-99.4

Exhibit 99.4

July 17, 2006

Mr. George H. Davison

State Street Bank

Corporate Trust

P.O. Box 778

Boston, Massachusetts 02102-0778

Dennis Kildea

Chase Manhattan Bank

450 West 33^rd Street, 15^th Floor

New York, NY 10001

RE: Public Facility Loan Trust Payment Date Report

•     Due period amounts billed from January 2, 2006 through July 1, 2006.

$         2,555,357.92

•     Due period amounts billed and not received through July 3, 2006.

$         612,816.37

•     Due period amounts billed and received July 4, 2006 through July 13, 2006.

$         0

We certify the above information to be true and correct to the best of our knowledge.

Darri A. Cunningham

Vice President

CC:	Jie Gong
	Deloitte & Touche
	Two Hilton Court,
	Parsippany, NJ 07054

	Capmark Finance Inc.
	200 Wilmer Road
	Horsham, PA 19044
Real Estate Finance, Investments, Services	www.capmark.com

GMAC Commercial Mortgage

Public Facilities Loan Trust

January                 —2006

Date  Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Principal  Amount Paid	Interest Amount  Paid
20060103	1012006	40028502	CITY OF WOODSTOCK	0.00	3,796.84	3,796.84	134,998.88	0.00	3,796.20
20060103	7012005	40039801	WARREN CO. WATER DIST.	19,000.00	356.25	19,356.25	19,000.00	19,000.00	0.00
20060103	1012006	40039801	WARREN CO. WATER DIST.					0.00	356.25
20060103	1012006	40049401	CITY OF WAYNESBORO	23,000.00	2,070.00	25,070.00	68,999.99	20,930.00	2,070.00
20060103	1012006	40051701	WRIGHTSTOWN MUNICIPAL UTILITY AUTH	15000	6300	21300	224000	15,000.00	6,300.00
20060103	7012006	40051701	WRIGHTSTOWN MUNICIPAL UTILITY AUTH					0.00	0.03
20060103	1012006	40071001	TOWN OF CHURCHILL	38000	3532.5	41532.5	157000	38,000.00	3,532.50
System Credits
Bank Credits from1/4 System Credits
Bank Debits from 1/4 System Debits
Wire to Trustee for 1/4 System Credits
20060104	1012006	40015401	APPLE VALLEY HEIGHTS WATER DISTRICT	0.00	60.00	60.00	3,000.00	0.00	60.00
20060104	1012006	40029801	CITY OF EAST ST LOUIS	0.00	2,018.75	2,018.75	85,000.00	0.00	2,018.75
20060104	1012006	40041501	TOWN OF GRAMBLING	22,000.00	2,821.87	24,821.87	105,000.00	22,000.00	2,821.87
20060104	1012006	40089801	PORT OF KINGSTON	0	608.8	608.8	55856.35	0.00	608.80
20060104	1012006	40089802	PORT OF KINGSTON	0.00	55.21	55.21	4,047.12	0.00	55.20
System Credits
System Debits
Bank Credits from1/05 System Credits
Bank Credits from1/05 System Credits
Wire to Trustee for 1/05 System Credits
20060105	1012006	40049401	CITY OF WAYNESBORO					2,070.00	0.00
System Credits
Bank Debits from 1/06 System Debits (Pymt Reversal)
Bank Credits from 1/06 System Credits
wires to Trustee for 1/06 System Credits
20060106	1012006	40069001	TOWN OF WARE SHOALS - WARESHW/S70A	0	913.75	913.75	34000	0.00	913.75
20060106	7012006	40069001	TOWN OF WARE SHOALS - WARESHW/S70A					0.00	0.17
20060106	1012006	40088801	SALT LAKE COUNTY	0	18600	18600	619999.99	0.00	18,600.00
System Credits
System Debits
Bank Debits from 1/09 System Debits (Pymt Reversal)
Bank Credits from 1/09 System Credits
Wires to Trustee for 1/09 System Credits
20060109	1012006	40006401	CITY OF GUNTERSVILLE	18,000.00	697.50	18,697.50	31,000.00	18,000.00	697.50
20060109	1012006	40006402	CITY OF GUNTERSVILLE	19000	2430	21430	81000	19,000.00	2,430.00
20060109	1012006	40042501	PINE HILLS WATERWORK	0	1327.5	1327.5	59000	0.00	1,327.50
System Credits
Bank Debits from 1/10 System Debits (Pymt Reversal)

Date  Received	Date Due	Loan Number	Borrower Name	Suspense  Amount	Transaction  Amount	Transaction Description	Total  BankCredits	Wires	ACH Debits
20060103	1012006	40028502	CITY OF WOODSTOCK	0.00	3,796.20	PAYMENT REC’D
20060103	7012005	40039801	WARREN CO. WATER DIST.	0.00	19,000.00	PRINCIPAL CURTAILMENT
20060103	1012006	40039801	WARREN CO. WATER DIST.	0.00	356.25	PAYMENT REC’D
20060103	1012006	40049401	CITY OF WAYNESBORO	0.00	23,000.00	PAYMENT REC’D
20060103	1012006	40051701	WRIGHTSTOWN MUNICIPAL UTILITY AUTH	0.00	21,300.00	PAYMENT REC’D
20060103	7012006	40051701	WRIGHTSTOWN MUNICIPAL UTILITY AUTH	0.00	0.03	PAYMENT REC’D
20060103	1012006	40071001	TOWN OF CHURCHILL	0.00	41,532.50	PAYMENT REC’D
System Credits					108,984.98
Bank Credits from1/4 System Credits							60,141.26
Bank Debits from 1/4 System Debits									30,070.63
Wire to Trustee for 1/4 System Credits								30,070.63
20060104	1012006	40015401	APPLE VALLEY HEIGHTS WATER DISTRICT	0.00	60.00	PAYMENT REC’D
20060104	1012006	40029801	CITY OF EAST ST LOUIS	0.00	2,018.75	PAYMENT REC’D
20060104	1012006	40041501	TOWN OF GRAMBLING	0.00	24,821.87	PAYMENT REC’D
20060104	1012006	40089801	PORT OF KINGSTON	0.00	608.80	PAYMENT REC’D
20060104	1012006	40089802	PORT OF KINGSTON	0.00	55.20	PAYMENT REC’D
System Credits					27,564.62
System Debits
Bank Credits from1/05 System Credits							108,984.98
Bank Credits from1/05 System Credits
Wire to Trustee for 1/05 System Credits								108,984.98
20060105	1012006	40049401	CITY OF WAYNESBORO	0.00	2,070.00	PAYMENT REC’D
System Credits					2,070.00
Bank Debits from 1/06 System Debits (Pymt Reversal)							27,564.62
Bank Credits from 1/06 System Credits
wires to Trustee for 1/06 System Credits								27,564.62
20060106	1012006	40069001	TOWN OF WARE SHOALS - WARESHW/S70A	0.00	913.75	PAYMENT REC’D
20060106	7012006	40069001	TOWN OF WARE SHOALS - WARESHW/S70A	0.00	0.17	PAYMENT REC’D
20060106	1012006	40088801	SALT LAKE COUNTY	0.00	18,600.00	PAYMENT REC’D
						PRINCIPAL CURTAILMENT
						PAYMENT REC’D
System Credits					19,513.92
System Debits
Bank Debits from 1/09 System Debits (Pymt Reversal)
Bank Credits from 1/09 System Credits							2,070.00
Wires to Trustee for 1/09 System Credits								2,070.00
20060109	1012006	40006401	CITY OF GUNTERSVILLE	0.00	18,697.50	PAYMENT REC’D
20060109	1012006	40006402	CITY OF GUNTERSVILLE	0.00	21,430.00	PAYMENT REC’D
20060109	1012006	40042501	PINE HILLS WATERWORK	0.00	1,327.50	PAYMENT REC’D
System Credits					41,455.00
Bank Debits from 1/10 System Debits (Pymt Reversal)

Bank Credits from 1/10 System Credits
Wire to Trustee for 1/10 System Credits
System Credits
Bank Debits from 1/11 System Debits (Pymt Reversal)
Bank Credits from 1/11 System Credits
Wire to Trustee for 1/11 System Credits
20060111	1012006	40000501	BIG COVE WATER AUTHORITY	0	180	180	9000	0.00	180.00
20060111	1012006	40001501	TOWN OF GRANT	0.00	240.00	240.00	8,000.00	0.00	240.00
20060111	1012006	40013101	TOWN OF NORPHLET	0.00	300.00	300.00	15,000.00	0.00	300.00
20060111	1012006	40021001	HOMESTEAD COMMUNITY HOSP., INC	0.00	3,600.00	3,600.00	160,000.00	0.00	3,600.00
20060111	1012006	40021002	HOMESTEAD COMMUNITY HOSP., INC	0.00	9,281.16	9,281.16	329,996.76	0.00	9,281.16
20060111	0	40021002	HOMESTEAD COMMUNITY HOSP., INC					0.00	0.00
20060111	1012006	40025501	CITY OF FORT GAINES	20000	1567.5	21567.5	66000	0.00	1,567.50
20060111	1012006	40061301	MOORE PUBLIC WORKS A	65000	9000	74000	425000	65,000.00	8,999.98
20060111	7012006	40061301	MOORE PUBLIC WORKS A					0.00	0.02
20060111	1012006	40080201	CITY OF DALWORTHINGTON GARDENS	0	585	585	26000	0.00	585.00
20060111	1012006	40090301	CITY OF BENWOOD	9000	2370	11370	79000	0.00	2,370.00
System Credits
System Debit
Bank Credits from 1/12 System Credits
Bank Debits from 1/12 System Debit
Wire to Trustee for 1/12 System Credits
20060112	1012006	40030801	CITY OF MONMOUTH					0.00	2,906.21
20060112	7012006	40030801	CITY OF MONMOUTH					0.00	0.19
System Credits
System Debit
Bank Credits from 1/13 System Credits
Bank Credits from 1/13 System Credits
Bank Debits from 1/13 System Debit
Wire to Trustee for 1/13 System Credits
20060113	0	40021002	HOMESTEAD COMMUNITY HOSP., INC					0.00	0.00
20060113	7012006	40021002	HOMESTEAD COMMUNITY HOSP., INC					0.00	0.42
System Credits
Bank Debit from 1/17 System Debits (Pymt Reversal)
Bank Credits from 1/17 System Credits
Bank Credits from 1/17 System Credits
Wire to Trustee for 1/17 System Credits
Wire to Trustee for 1/17 System Credits
System Credits
Bank Debit from 1/18 System Debits
Bank Debit from 1/18 System Debits
Bank Credits from 1/18 System Credits
Bank Credits from 1/18 System Credits (Jan 06 Svc Fees)
Wire to Trustee for 1/18 System Credits
20060118	1012006	40043001	VILLAGE OF SOUTH MANSFIELD	9,000.00	460.00	9,460.00	23,000.00	9,000.00	460.00
20060118	0	40085401	CITY OF RENO	11,000.00	3,065.63	14,065.63	109,000.00	0.00	0.00
20060118	0	40085401	CITY OF RENO					0.00	0.00
System Credits

Bank Credits from 1/10 System Credits							19,513.92
Wire to Trustee for 1/10 System Credits								19,513.92
System Credits
Bank Debits from 1/11 System Debits (Pymt Reversal)
Bank Credits from 1/11 System Credits							41,455.00
Wire to Trustee for 1/11 System Credits								38,497.94
20060111	1012006	40000501	BIG COVE WATER AUTHORITY	0.00	180.00	PAYMENT REC’D
20060111	1012006	40001501	TOWN OF GRANT	0.00	240.00	PAYMENT REC’D
20060111	1012006	40013101	TOWN OF NORPHLET	0.00	300.00	PAYMENT REC’D
20060111	1012006	40021001	HOMESTEAD COMMUNITY HOSP., INC	0.00	3,600.00	PAYMENT REC’D
20060111	1012006	40021002	HOMESTEAD COMMUNITY HOSP., INC	0.00	9,281.16	PAYMENT REC’D
20060111	0	40021002	HOMESTEAD COMMUNITY HOSP., INC	0.42	0.42	ESCROW HELD PAYMENT
20060111	1012006	40025501	CITY OF FORT GAINES	0.00	1,567.50	PAYMENT REC’D
20060111	1012006	40061301	MOORE PUBLIC WORKS A	0.00	73,999.98	PAYMENT REC’D
20060111	7012006	40061301	MOORE PUBLIC WORKS A	0.00	0.02	PAYMENT REC’D
20060111	1012006	40080201	CITY OF DALWORTHINGTON GARDENS	0.00	585.00	PAYMENT REC’D
20060111	1012006	40090301	CITY OF BENWOOD	0.00	2,370.00	PAYMENT REC’D
System Credits					92,124.08
System Debit
Bank Credits from 1/12 System Credits
Bank Debits from 1/12 System Debit									2,957.06
Wire to Trustee for 1/12 System Credits
20060112	1012006	40030801	CITY OF MONMOUTH	0.00	2,906.21	PAYMENT REC’D
20060112	7012006	40030801	CITY OF MONMOUTH	0.00	0.19	PAYMENT REC’D
System Credits					2,906.40
System Debit
Bank Credits from 1/13 System Credits							92,123.66
Bank Credits from 1/13 System Credits							0.42
Bank Debits from 1/13 System Debit
Wire to Trustee for 1/13 System Credits								92,124.08
20060113	0	40021002	HOMESTEAD COMMUNITY HOSP., INC	-0.42	-0.42	PAYMENT REVERSAL
20060113	7012006	40021002	HOMESTEAD COMMUNITY HOSP., INC	0.00	0.42	PAYMENT REC’D
System Credits					0.42
Bank Debit from 1/17 System Debits (Pymt Reversal)					-0.42
Bank Credits from 1/17 System Credits
Bank Credits from 1/17 System Credits
Wire to Trustee for 1/17 System Credits
Wire to Trustee for 1/17 System Credits
System Credits
Bank Debit from 1/18 System Debits									0.42
Bank Debit from 1/18 System Debits									0.42
Bank Credits from 1/18 System Credits							0.84
Bank Credits from 1/18 System Credits (Jan 06 Svc Fees)							2,906.40
Wire to Trustee for 1/18 System Credits								2,906.40
20060118	1012006	40043001	VILLAGE OF SOUTH MANSFIELD	0.00	9,460.00	PAYMENT REC’D
20060118	0	40085401	CITY OF RENO	0.00	0.00	UNPROCESS: CASH OUT CR
20060118	0	40085401	CITY OF RENO	0.00	0.00	R.E. TAX DEBIT
System Credits					9,460.00

System Credits
Bank Credits from 1/19 System Credits
Wire to Trustee for 1/19 System Credits
System Credits
System Credits
Bank Debit from 1/20 System Debits (Escrow Funds Disbursed)
Bank Credits from 1/20 System Credits ( Svc Fee)
Wire to Trustee for 1/20System Credits
20060120	2012006	40002302	CITY OF LITTLEVILLE					16,000.00	1,650.00
System Credits
Bank Credits from 1/23 System Credits
Wire to Trustee for 1/23 System Credits
20060123	1012006	40005501	CITY OF DOUGLAS, WATER & FIRE	60000	6250	66250	249999.99	60,000.00	6,250.00
20060123	12012005	40030601	LAKE BLUFF PARK DIST					26,000.00	0.00
20060123	2012006	40035902	HENDRON WATER					35,000.00	6,342.50
20060123	1012006	40049302	CITY OF WAVELAND	0.00	2,741.25	2,741.25	102,000.00	0.00	2,741.25
20060123	2012006	40078702	CITY OF BYERS					0.00	140.00
20060123	2012006	40086201	CITY OF SCHERTZ					6,000.00	1,700.00
20060123	0	40089802	PORT OF KINGSTON					0.00	0.01
20060123	0	40089802	PORT OF KINGSTON					0.00	0.00
System Credits
Bank Credits from 1/24 System Credits
Wire to Trustee for 1/24 System Credits
20060124	2012006	40042401	VILLAGE OF PARKS					7,000.00	281.25
20060124	2012006	40042402	VILLAGE OF PARKS					0.00	3,796.88
System Credits
Bank Credits from 1/25 System Credits
Bank Credits from 1/25 System Credits
Wire to Trustee for 1/25 System Credits
20060125	1012006	40025501	CITY OF FORT GAINES					20,000.00	0.00
System Credits
Bank Credits from 1/26 System Credits
Wire to Trustee for 1/26 System Credits
20060130	2012006	40077101	TOWN OF ANTHONY					0.00	1,631.25
System Credits
System Debit
Bank Credits from 1/27 System Credits
Wire to Trustee for 1/27System Credits
				328,000.00	85,229.51	413,229.51	3,283,899.08	398,000.00	100,612.14

Loans Due in Current Period and Paid Prior Period:
1012006	12/29/2005	40005901	TOWN OF ARDMO	0.00	1,950.00	1,950.00	78,000.00
1012006	12/29/2005	40005902	TOWN OF ARDMO	0.00	250.00	250.00	10,000.00
1012006	12/29/2005	40017601	RUBIDOUX COMM	0.00	600.00	600.00	30,000.00
1012006	1/11/2006	40030801	CITY OF MONMO	0.00	2,906.24	2,906.24	149,999.32
1012006	12/29/2005	40069802	CITY OF ARDMO	0.00	100.00	100.00	4,000.00
1012006	12/29/2005	40069803	CITY OF ARDMO	0.00	1,150.00	1,150.00	46,000.00
1012006	12/27/2005	40072401	TOWN OF GREEN	0.00	468.75	468.75	25,000.00
1012006	12/27/2005	40072402	TOWN OF GREEN	0.00	75.00	75.00	4,000.00
1012006	12/27/2005	40073401	TOWN OF MICHI	0.00	1,822.50	1,822.50	81,000.00
1012006	12/28/2005	40079101	CHILDRESS GEN	0.00	2,880.00	2,880.00	128,000.00
1012006	12/28/2005	40079601	TOWN OF COMBE	5,000.00	725.63	5,725.63	27,000.00
1012006	12/30/2005	40079801	CROSBY MUNICI	12,000.00	3,375.00	15,375.00	119,999.96
1012006	12/29/2005	40079802	CROSBY MUNICI	40,000.00	11,250.00	51,250.00	400,000.00
1012006	12/27/2005	40086001	TAFT HOSPITAL	0.00	877.50	877.50	39,000.00
1012006	12/30/2005	40088301	CITY OF HARRI	0.00	630.00	630.00	28,000.00
			TOTALS:	57,000.00	29,060.62	86,060.62	1,169,999.28
Loans Due in Current Period and Not Yet Paid:
			TOTALS:	0.00	0.00	0.00	0.00
			GRAND TOTAL:	385,000.00	114,290.13	499,290.13	4,453,898.36

System Credits
Bank Credits from 1/19 System Credits
Wire to Trustee for 1/19 System Credits
System Credits
System Credits
Bank Debit from 1/20 System Debits (Escrow Funds Disbursed)									0.81
Bank Credits from 1/20 System Credits ( Svc Fee)							9,460.00
Wire to Trustee for 1/20System Credits								9,460.00
20060120	2012006	40002302	CITY OF LITTLEVILLE	0.00	17,650.00	PAYMENT REC’D
System Credits					17,650.00
Bank Credits from 1/23 System Credits
Wire to Trustee for 1/23 System Credits
20060123	1012006	40005501	CITY OF DOUGLAS, WATER & FIRE	0.00	66,250.00	PAYMENT REC’D
20060123	12012005	40030601	LAKE BLUFF PARK DIST	0.00	26,000.00	PAYMENT REC’D
20060123	2012006	40035902	HENDRON WATER	0.00	41,342.50	PAYMENT REC’D
20060123	1012006	40049302	CITY OF WAVELAND	0.00	2,741.25	PAYMENT REC’D
20060123	2012006	40078702	CITY OF BYERS	0.00	140.00	PAYMENT REC’D
20060123	2012006	40086201	CITY OF SCHERTZ	0.00	7,700.00	PAYMENT REC’D
20060123	0	40089802	PORT OF KINGSTON	0.00	0.01	INTEREST CREDIT
20060123		40089802	PORT OF KINGSTON	0.00	0.00	UNPROCESS:CASH IN DR.
System Credits					144,173.76
Bank Credits from 1/24 System Credits							17,650.00
Wire to Trustee for 1/24 System Credits								17,650.00
20060124	2012006	40042401	VILLAGE OF PARKS	0.00	7,281.25	PAYMENT REC’D
20060124	2012006	40042402	VILLAGE OF PARKS	0.00	3,796.88	PAYMENT REC’D
System Credits					11,078.13
Bank Credits from 1/25 System Credits							144,173.76
Bank Credits from 1/25 System Credits							0.81
Wire to Trustee for 1/25 System Credits								144,173.76
20060125	1012006	40025501	CITY OF FORT GAINES	0.00	20,000.00	PAYMENT REC’D
System Credits					20,000.00
Bank Credits from 1/26 System Credits							11,078.13
Wire to Trustee for 1/26 System Credits								11,078.13
20060130	2012006	40077101	TOWN OF ANTHONY	0.00	1,631.25	PAYMENT REC’D
System Credits					1,631.25
System Debit
Bank Credits from 1/27 System Credits							20,000.00
Wire to Trustee for 1/27System Credits								20,000.00
				0.00	498,612.14		557,123.80	524,094.46	33,029.34

GMAC Commercial Mortgage

Public Facilities Loan Trust

February         —2006

Date Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Amount Paid	Interest Amount  Paid
20060201	2012006	40036101	HICKORY WATER DISTRI	0	712.5	712.5	38000	0.00	712.50
20060201	2012006	40086502	SEYMOUR HOSPITAL AUTHORITY	0	270	270	12000	0.00	270.00
System Credits
Bank Credits from 2/1 System Credits
Wire to Trustee for 2/1 System Credits
20060202	12012005	40005101	TOWN OF HELENA					20,000.00	5,625.00
20060202	0	40028502	CITY OF WOODSTOCK					0.00	0.00
System Credits
System Debits
Bank Credits from 2/2 System Credits
Wire to Trustee for 2/2 System Credits
20060206	11012005	40036703	CITY OF JACKSON					0.00	540.00
System Credits
Bank Credits from 2/3  System Credits
Bank Debits from 2/3 System Debits ( Pymt Reversal)
Wires to Trustee for 2/3 System Credits
20060207	0	40028502	CITY OF WOODSTOCK					0.00	0.64
20060207	0	40028502	CITY OF WOODSTOCK					0.00	0.00
20060207	2012006	40034101	CITY OF COLD SPRING	0	4058.13	4058.13	151000	0.00	134.37
20060207	8012006	40034101	CITY OF COLD SPRING					1,827.50	4,058.13
20060207	0	40041201	CITY OF DONALDSONVILLE					0.00	0.00
System Credits
System Debits
Bank Credits from 2/7  System Credits
Wires to Trustee for 2/07 System Credits
20060208	2012006	40001801	HAZEL GREEN WATER & FIRE DEPARTMENT	0	1867.5	1867.5	83000	0.00	1,867.50
20060208	2012006	40002601	MAYSVILLE WTR & FIRE	0	720	720	32000	0.00	720.00
20060208	2012006	40019001	CITY OF ALTEMONTE SPRINGS	40000	9281.25	49281.25	330000	40,000.00	9,280.92
20060208	2012006	40019004	CITY OF ALTAMONTE SPRINGS	60000	6450	66450	240000	60,000.00	6,449.76
20060208	2012006	40026301	CANDLER COUNTY HOSPTIAL AUTHORITY	0	3681.25	3681.25	155000	0.00	3,681.25
20060208	0	40041201	CITY OF DONALDSONVILLE					0.00	0.00
20060208	10012005	40041201	CITY OF DONALDSONVILLE					0.00	1,890.00
20060208	2012006	40077503	CITY OF AUBREY					0.00	70.00
20060208	2012006	40080701	FANNIN COUNTY HOSPITAL - FANNI-JL71	0	70	70	3500	55,354.00	14,646.00
20060208	2012006	40080701	FANNIN COUNTY HOSPITAL - FANNI-JL71	70000	14695.5	84695.5	489850.01	14,646.00	0.00
20060208	8012006	40080701	FANNIN COUNTY HOSPITAL - FANNI-JL71					0.00	54.00
20060208	2012006	40086501	SEYMOUR HOSPITAL  AUTHORITY	0	1980	1980	88000	0.00	1,980.00

Date Received	Date Due	Loan Number	Borrower Name	Suspense Amount	Transaction Amount	Transaction Description	Total BankCredits	Wires	ACH Debits
20060201	2012006	40036101	HICKORY WATER DISTRI	0.00	712.50	PAYMENT REC’D
20060201	2012006	40086502	SEYMOUR HOSPITAL AUTHORITY	0.00	270.00	PAYMENT REC’D
System Credits					982.50
Bank Credits from 2/1 System Credits							1,631.25
Wire to Trustee for 2/1 System Credits								1,631.25
20060202	12012005	40005101	TOWN OF HELENA	0.00	25,625.00	PAYMENT REC’D
20060202	0	40028502	CITY OF WOODSTOCK	0.00	0.00	UNPROCESS:CASH IN DR.
System Credits					25,625.00
System Debits							982.50
Bank Credits from 2/2 System Credits
Wire to Trustee for 2/2 System Credits								982.50
20060206	11012005	40036703	CITY OF JACKSON	0.00	540.00	PAYMENT REC’D
System Credits					540.00
Bank Credits from 2/3  System Credits							25,625.00
Bank Debits from 2/3 System Debits ( Pymt Reversal)
Wires to Trustee for 2/3 System Credits								25,625.00
20060207	0	40028502	CITY OF WOODSTOCK	0.00	0.64	INTEREST CREDIT
20060207	0	40028502	CITY OF WOODSTOCK	0.00	0.00	UNPROCESS:CASH IN DR.
20060207	2012006	40034101	CITY OF COLD SPRING	0.00	134.37	PAYMENT REC’D
20060207	8012006	40034101	CITY OF COLD SPRING	0.00	5,885.63	PAYMENT REC’D
20060207	0	40041201	CITY OF DONALDSONVILLE	1,890.00	1,890.00	ESCROW HELD PAYMENT
System Credits					7,910.64
System Debits
Bank Credits from 2/7  System Credits							540.00
Wires to Trustee for 2/07 System Credits								540.00
20060208	2012006	40001801	HAZEL GREEN WATER & FIRE DEPARTMENT	0.00	1,867.50	PAYMENT REC’D
20060208	2012006	40002601	MAYSVILLE WTR & FIRE	0.00	720.00	PAYMENT REC’D
20060208	2012006	40019001	CITY OF ALTEMONTE SPRINGS	0.00	49,280.92	PAYMENT REC’D
20060208	2012006	40019004	CITY OF ALTAMONTE SPRINGS	0.00	66,449.76	PAYMENT REC’D
20060208	2012006	40026301	CANDLER COUNTY HOSPTIAL AUTHORITY	0.00	3,681.25	PAYMENT REC’D
20060208	0	40041201	CITY OF DONALDSONVILLE	-1,890.00	-1,890.00	PAYMENT REVERSAL
20060208	10012005	40041201	CITY OF DONALDSONVILLE	0.00	1,890.00	PAYMENT REC’D
20060208	2012006	40077503	CITY OF AUBREY	0.00	70.00	PAYMENT REC’D
20060208	2012006	40080701	FANNIN COUNTY HOSPITAL - FANNI-JL71	0.00	70,000.00	PAYMENT REC’D
20060208	2012006	40080701	FANNIN COUNTY HOSPITAL - FANNI-JL71	0.00	14,646.00	PAYMENT REC’D
20060208	8012006	40080701	FANNIN COUNTY HOSPITAL FANNI-JL71	0.00	54.00	PAYMENT REC’D
20060208	2012006	40086501	SEYMOUR HOSPITAL  AUTHORITY	0.00	1,980.00	PAYMENT REC’D

System Credits
System Debits
Bank Credits from 2/8 System Credits
Wire to Trustee for 2/8 System Credits
Bank Debits from 2/10 System Debits
Wire to Trustee for 2/10 System Credits
20060210	0	40028502	CITY OF WOODSTOCK					0.00	0.00
20060210	0	40089802	PORT OF KINGSTON					0.00	0.00
System Credits
Bank Credits from 2/10 System Credits
Bank Debits from 2/10 System Debits
Wire to Trustee for 2/10 System Credits
20060217	3012006	40078901	CARDINAL MEADOWS IMPORT DIST					6,000.00	461.61
System Credits
System Credits
Bank Credits from 2/17 System Credits
Bank Debits from 2/17 System Debit
20060221	3012006	40040701	BAYOU LIBERTY WATER ASSOC.					0.00	4,864.38
20060221	3012006	40080801	CITY OF FATE					6,000.00	825.00
20060221	3012006	40081901	CITY OF HUXLEY					65,000.00	7,000.00
System Credits
System Debit
Bank Credits from 2/21 System Credits
Bank Debits from 2/21 System Debit (Svc Fee)
Wire to Trustee for 2/21 System Credits
20060222	9012005	40079301	CISCO HOSPITAL AUTHORITY					30,000.00	0.00
20060222	9012005	40079301	CISCO HOSPITAL AUTHORITY					0.00	4,000.00
System Credits
Bank Credits from 2/22 System Credits
Wire to Trustee for 2/22 System Credits
20060224	0	40002902	TOWN OF MOUNDVILLE					57,000.00	1,710.00
System Credits
Bank Credits from 2/23 System Credits
Wire to Trustee for 2/23 System Credits
20060227	3012006	40032602	CITY OF ADAIRVILLE					18,000.00	1,282.50
System Credits
Bank Credits from 2/27 System Credits
Wire to Trustee for 2/27 System Credits
20060228	3012006	40074401	CITY OF RAMER					4,000.00	671.88
System Credits
Bank Credits from 2/28 System Credits
Wire to Trustee for 2/28 System Credits
				170,000.00	43,786.13	213,786.13	1,622,350.01	377,827.50	72,795.44

System Credits					210,639.43
System Debits					-1,890.00
Bank Credits from 2/8 System Credits							7,910.00
Wire to Trustee for 2/8 System Credits								7,910.64
Bank Debits from 2/10 System Debits
Wire to Trustee for 2/10 System Credits
20060210	0	40028502	CITY OF WOODSTOCK	0.00	0.00	UNPROCESS:CASH IN DR.
20060210	0	40089802	PORT OF KINGSTON	0.00	0.00	UNPROCESS:CASH IN DR.
System Credits					0.00
Bank Credits from 2/10 System Credits							210,639.43
Bank Debits from 2/10 System Debits									1,890.00
Wire to Trustee for 2/10 System Credits								208,749.48
20060217	3012006	40078901	CARDINAL MEADOWS IMPORT DIST	0.00	6,461.61	PAYMENT REC’D
System Credits					6,461.61
System Credits					12,923.22
Bank Credits from 2/17 System Credits							1.28
Bank Debits from 2/17 System Debit									0.64
20060221	3012006	40040701	BAYOU LIBERTY WATER ASSOC.	0.00	4,864.38	PAYMENT REC’D
20060221	3012006	40080801	CITY OF FATE	0.00	6,825.00	PAYMENT REC’D
20060221	3012006	40081901	CITY OF HUXLEY	0.00	72,000.00	PAYMENT REC’D
System Credits					83,689.38
System Debit							6,461.61
Bank Credits from 2/21 System Credits
Bank Debits from 2/21 System Debit (Svc Fee)									2,892.38
Wire to Trustee for 2/21 System Credits								3,569.23
20060222	9012005	40079301	CISCO HOSPITAL AUTHORITY	0.00	30,000.00	PAYMENT REC’D
20060222	9012005	40079301	CISCO HOSPITAL AUTHORITY	0.00	4,000.00	PAYMENT REC’D
System Credits					34,000.00
Bank Credits from 2/22 System Credits							83,689.38
Wire to Trustee for 2/22 System Credits								83,689.38
20060224	0	40002902	TOWN OF MOUNDVILLE	0.00	58,710.00	LOAN PAYOFF
System Credits					58,710.00
Bank Credits from 2/23 System Credits							34,000.00
Wire to Trustee for 2/23 System Credits								34,000.00
20060227	3012006	40032602	CITY OF ADAIRVILLE	0.00	19,282.50	PAYMENT REC’D
System Credits					19,282.50
Bank Credits from 2/27 System Credits							58,710.00
Wire to Trustee for 2/27 System Credits								58,710.00
20060228	3012006	40074401	CITY OF RAMER	0.00	4,671.88	PAYMENT REC’D
System Credits					4,671.88
Bank Credits from 2/28 System Credits							19,282.50
Wire to Trustee for 2/28 System Credits								19,282.50
				0.00	450,622.94		449,472.95	444,689.98	4,783.02
								444,689.93

Loans Due in Current Period and Paid Prior Period:
1/20/2006	2012006	40002302	TOWN OF LITTL	16000	1650	17650	66000
1/23/2006	2012006	40035902	HENDRON WATER	35000	6342.5	41342.5	236000
1/23/2006	2012006	40042401	VILLAGE OF PA	7000	281.25	7281.25	15000
1/23/2006	2012006	40042402	VILLAGE OF PA	0	3796.88	3796.88	135000
1/30/2006	2012006	40077101	TOWN OF ANTHO	0	1631.25	1631.25	58000
1/23/2006	2012006	40078702	CITY OF BYERS	0	140	140	7000
1/23/2006	2012006	40086201	SCHAEFER RD W	6000	1700	7700	34000
			TOTALS:	64,000.00	15,541.88	79,541.88	485,000.00
Loans Due in Current Period and Not Yet Paid:
	2012006	40059501	BRYAN CO HOME	9000	360	9360	18000
			TOTALS:	9,000.00	360.00	9,360.00	18,000.00
			.
			GRAND TOTAL:	243,000.00	59,688.01	302,688.01	2,125,350.01

GMAC Commercial Mortgage

Public Facilities Loan Trust

March                       —2006

Date Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Principal Amount Paid	Interest Amount Paid
20060302	3012006	40020201	CITY OF CRYSTAL RIVER					0.00	720.00
System Credits
Bank Credits from 3/1 System Credits
Bank Debits from System Debits
Wire to Trustee for 3/1 System Credits
20060306	3012006	40087401	TOWN OF WHITEHOUSE					21,000.00	2,900.00
System Credits
System Debits
Bank Credits from 3/6 System Credits
Wire to Trustee for 3/6 System Credits
20060307	3012006	40041301	VILLAGE OF EAST HODGE					0.00	1,260.00
20060307	3012006	40079301	CISCO HOSPITAL AUTHORITY					0.00	3,250.00
20060307	3012006	40085101	CITY OF RAYMONDVILLE					14,999.92	2,015.63
20060307	3012006	40088601	CITY OF PLEASANT VIEW					0.00	4,560.00
System Credits
Bank Credits from 3/8 System Credits
Bank Debits from 3/8 System Debits ( Pymt Reversal)
Wires to Trustee for 3/8 System Credits
20060308	3012006	40025101	CITY OF EATONTON- BOND 1968					0.00	3,625.00
System Credits
System Debits
Bank Credits from 3/9 System Credits
Bank Debits from 3/9 System Debits
Wires to Trustee for 3/9 System Credits
20060309	3012006	40007301	TOWN OF MOULTON					0.00	1,781.25
System Credits
System Debits
Bank Credits from 3/10 System Credits
Bank Debits from 3/10 System Debits (Pymt Reversal)
Wire to Trustee for 3/10 System Credits
20060314	3012006	40069201	CITY OF NORTH SIOUX					0.00	1,659.08
System Credits
Bank Credits from 3/13 System Credits
Bank Debits from 3/15 System Debits
Wire to Trustee for 3/13 System Credits
20060320	4012006	40082001	WEST JEFFERSON COUNTY MUNICIPAL					30,000.00	3,250.00
System Credits

Date Received	Date Due	Loan Number	Borrower Name	Suspense Amount	Transaction Amount	Transaction Description	Total BankCredits	Wires	ACH Debits
20060302	3012006	40020201	CITY OF CRYSTAL RIVER	0.00	720.00	PAYMENT REC’D
System Credits					720.00
Bank Credits from 3/1 System Credits							4,671.88
Bank Debits from System Debits
Wire to Trustee for 3/1 System Credits								4,671.88
20060306	3012006	40087401	TOWN OF WHITEHOUSE	0.00	23,900.00	PAYMENT REC’D
System Credits					23,900.00
System Debits
Bank Credits from 3/6 System Credits							720.00
Wire to Trustee for 3/6 System Credits								720.00
20060307	3012006	40041301	VILLAGE OF EAST HODGE	0.00	1,260.00	PAYMENT REC’D
20060307	3012006	40079301	CISCO HOSPITAL AUTHORITY	0.00	3,250.00	PAYMENT REC’D
20060307	3012006	40085101	CITY OF RAYMONDVILLE	0.00	17,015.55	PAYMENT REC’D
20060307	3012006	40088601	CITY OF PLEASANT VIEW	0.00	4,560.00	PAYMENT REC’D
System Credits					26,085.55
Bank Credits from 3/8 System Credits							23,900.00
Bank Debits from 3/8 System Debits ( Pymt Reversal)
Wires to Trustee for 3/8 System Credits								23,895.00
20060308	3012006	40025101	CITY OF EATONTON- BOND 1968	0.00	3,625.00	PAYMENT REC’D
System Credits					3,625.00
System Debits
Bank Credits from 3/9 System Credits							52,171.10
Bank Debits from 3/9 System Debits									26,085.55
Wires to Trustee for 3/9 System Credits								26,085.55
20060309	3012006	40007301	TOWN OF MOULTON	0.00	1,781.25	PAYMENT REC’D
System Credits					1,781.25
System Debits
Bank Credits from 3/10 System Credits							3,625.00
Bank Debits from 3/10 System Debits (Pymt Reversal)
Wire to Trustee for 3/10 System Credits								3,625.00
20060314	3012006	40069201	CITY OF NORTH SIOUX	0.00	1,659.08	PAYMENT REC’D
System Credits					1,659.08
Bank Credits from 3/13 System Credits							1,781.25
Bank Debits from 3/15 System Debits
Wire to Trustee for 3/13 System Credits								1,781.25
20060320	4012006	40082001	WEST JEFFERSON COUNTY MUNICIPAL	0.00	33,250.00	PAYMENT REC’D
System Credits					33,250.00

System Debit
Bank Credits from 3/16 System Credits
Bank Debits from 3/21 System Debit
Wire to Trustee for 3/16 System Credits
20060321	4012006	40007801	CITY OF FAYETTE WATER WORKS BOAR	20,000.00	1,338.75
System Credits
System Debit
Bank Credits from 3/22 System Credits
Bank Debits from 3/22 System Debit
Wire to Trustee for 3/22 System Credits
Bank Credits from 3/23 System Credits
Wire to Trustee for 3/23 System Credits
20060324	0	40083801	CITY OF SUMMERFIELD	0.00	0.00
20060324	0	40085101	CITY OF RAYMONDVILLE	0.00	0.00
20060324	0	40085101	CITY OF RAYMONDVILLE	0.00	0.00
System Credits
Bank Credits from 03/27 System Credits
Bank Debits from 3/27 System Debit
Wire to Trustee for 03/27 System Credits
20060327	4012006	40018801	TRI-COUNTY WTR. CONS	200,000.00	25,000.00
20060327	4012006	40032101	CITY OF EVANSDALE	0.00	1,359.37
20060327	4012006	40037603	CITY OF MIDDLESBORO	47,000.00	5,415.00
20060327	4012006	40085301	RED RIVER AUTHORITY OF TEXAS	5,000.00	607.50
20060327	4012006	40086701	SOUTH LIMESTONE HOSPITAL DISTRICT	0.00	6,000.00
System Credits
Bank Credit from 3/28 System Debits
Bank Debit from 3/28 System Credits
Wire to Trustee for 3/28 System Credits
20060328	0	40039503	CITY OF STANTON	0.00	0.00
20060328	0	40039503	CITY OF STANTON	0.00	0.00
20060328	4012006	40039504	CITY OF STANTON	11,000.00	665.00
System Credits
System Debits
Bank Credits from 3/29 System Credits
Wire to Trustee for 3/29 System Credits
20060329	0	40039503	CITY OF STANTON	0.00	0.00
20060329	0	40039503	CITY OF STANTON	0.00	0.00
20060329	0	40039503	CITY OF STANTON	20,000.00	412.50
20060329	0	40083801	CITY OF SUMMERFIELD	0.00	0.00
20060329	0	40083801	CITY OF SUMMERFIELD	2,000.00	37.50
System Credits
System Debits
Bank Credit from 03/30 System Credits
Bank Creditit from 03/30 System Credits
Wire to Trustee for 03/30 System Credits
20060330	4012006	40028601	CITY OF CHUBBUCK	0.00	11,250.00

System Debit
Bank Credits from 3/16 System Credits							1,659.08
Bank Debits from 3/21 System Debit
Wire to Trustee for 3/16 System Credits								1,659.08
20060321	4012006	40007801	CITY OF FAYETTE WATER WORKS BOAR	21,338.75	21,338.75	PAYMENT REC’D
System Credits					21,338.75
System Debit
Bank Credits from 3/22 System Credits							33,250.00
Bank Debits from 3/22 System Debit
Wire to Trustee for 3/22 System Credits								33,250.00
Bank Credits from 3/23 System Credits							21,338.75
Wire to Trustee for 3/23 System Credits								21,338.75
20060324	0	40083801	CITY OF SUMMERFIELD	2,037.50	2,037.50	ESCROW HELD PAYMENT
20060324	0	40085101	CITY OF RAYMONDVILLE	0.00	0.00	ESCROW 2 CREDIT
20060324	0	40085101	CITY OF RAYMONDVILLE	0.00	0.00	UNPROCESS:CASH IN DR.
System Credits					2,037.50
Bank Credits from 03/27 System Credits
Bank Debits from 3/27 System Debit
Wire to Trustee for 03/27 System Credits
20060327	4012006	40018801	TRI-COUNTY WTR. CONS	0.00	225,000.00	PAYMENT REC’D
20060327	4012006	40032101	CITY OF EVANSDALE	0.00	1,359.37	PAYMENT REC’D
20060327	4012006	40037603	CITY OF MIDDLESBORO	0.00	52,415.00	PAYMENT REC’D
20060327	4012006	40085301	RED RIVER AUTHORITY OF TEXAS	0.00	5,607.50	PAYMENT REC’D
20060327	4012006	40086701	SOUTH LIMESTONE HOSPITAL DISTRICT	0.00	6,000.00	PAYMENT REC’D
System Credits					290,381.87
Bank Credit from 3/28 System Debits							2,037.50
Bank Debit from 3/28 System Credits
Wire to Trustee for 3/28 System Credits								2,037.50
20060328	0	40039503	CITY OF STANTON	20,000.00	20,000.00	ESCROW HELD PAYMENT
20060328	0	40039503	CITY OF STANTON	412.50	412.50	ESCROW HELD PAYMENT
20060328	4012006	40039504	CITY OF STANTON	0.00	11,665.00	PAYMENT REC’D
System Credits					32,077.50
System Debits
Bank Credits from 3/29 System Credits							290,381.87
Wire to Trustee for 3/29 System Credits								290,381.87
20060329	0	40039503	CITY OF STANTON	-412.50	-412.50	PAYMENT REVERSAL
20060329	0	40039503	CITY OF STANTON	-20,000.00	-20,000.00	PAYMENT REVERSAL
20060329	0	40039503	CITY OF STANTON	0.00	20,412.50	LOAN PAYOFF
20060329	0	40083801	CITY OF SUMMERFIELD	-2,037.50	-2,037.50	PAYMENT REVERSAL
20060329	0	40083801	CITY OF SUMMERFIELD	0.00	2,037.50	LOAN PAYOFF
System Credits					22,450.00
System Debits					-22,450.00
Bank Credit from 03/30 System Credits							20,412.50
Bank Creditit from 03/30 System Credits							11,665.00
Wire to Trustee for 03/30 System Credits								32,077.50
20060330	4012006	40028601	CITY OF CHUBBUCK	0.00	11,250.00	PAYMENT REC’D

20060330	4012006	40031601	CORDRY-SWEETWATER CONSERVANCY					30,000.00	4,375.00
System Credits
System Debits
Bank Credit from 03/31 System Credits
Bank Creditit from 03/31 System Credits
Bank Debits from 3/31 System Debits
Wire to Trustee for 03/31 System Credits
20060331	4012006	40044901	CITY OF LAKE CITY					0.00	540.00
System Credits
System Debits
Bank Credit from 4/3 System Credits
Bank Credits from 04/3 System Credits
Bank Debit from 4/3 system Debit
Wire to Trustee for 04/3 System Credits
				0.00	0.00	0.00	0.00	400,999.92	82,021.58
Loans Due in Current Period and Paid Prior Period:
		TOTALS:		0.00	0.00	0.00	0.00
Loans Due in Current Period and Not Yet Paid:
		TOTALS:		0.00	0.00	0.00	0.00
		GRAND TOTAL:		0.00	0.00	0.00	0.00

20060330	4012006	40031601	CORDRY-SWEETWATER CONSERVANCY	0.00	34,375.00	PAYMENT REC’D
System Credits					45,625.00
System Debits
Bank Credit from 03/31 System Credits							45,625.00
Bank Creditit from 03/31 System Credits								22,450.00
Bank Debits from 3/31 System Debits									22,450.00
Wire to Trustee for 03/31 System Credits								45,625.00
20060331	4012006	40044901	CITY OF LAKE CITY	0.00	540.00	PAYMENT REC’D
System Credits					540.00
System Debits
Bank Credit from 4/3 System Credits							22,450.00
Bank Credits from 04/3 System Credits
Bank Debit from 4/3 system Debit
Wire to Trustee for 04/3 System Credits
				0.00	483,021.50		535,688.93	509,598.38	48,535.55

GMAC Commercial Mortgage
Public Facilities Loan Trust
March                 —2006

Date  Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Principal  Amount Paid	Interest Amount  Paid
20060403	4012006	40008601	GREATER JUNEAU BOROUGH	0.00	3,037.50	3,037.50	135,000.00	0.00	3,037.50
20060403	4012006	40009201	ARKANSAS STATE UNIVERSITY -BONDS 1969	0.00	10,350.00	10,350.00	460,000.00	0.00	10,350.00
20060403	4012006	40013502	CITY OF PARKDALE	6,000.00	270.00	6,270.00	12,000.00	6,000.00	270.00
20060403	4012006	40080901	CITY OF GARY	0.00	2,295.00	2,295.00	102,000.00	0.00	2,295.00
System Credits
Bank Credits from 4/4 System Credits
Bank Debits from System Debits
Wire to Trustee for 4/4 System Credits
20060404	4012006	40010101	CENTER HILL, CITY OF	0.00	4,837.50	4,837.50	171,999.97	0.00	4,837.50
20060404	4012006	40015002	CITY OF WEST FORK	7,000.00	517.50	7,517.50	23,000.00	7,000.00	517.50
20060404	4012006	40021501	CITY OF LIVE OAK	14,000.00	3,909.38	17,909.38	139,000.00	14,000.00	3,909.38
20060404	4012006	40021502	CITY OF LIVE OAK	15,000.00	4,021.88	19,021.88	143,000.00	15,000.00	4,021.88
20060404	4012006	40025601	TOWN OF FORT OGLETHORPE-FTCGLEW/S73	0.00	6,600.00	6,600.00	220,000.00	0.00	6,600.00
20060404	4012006	40065301	CITY OF BEAUFORT	0.00	18,646.88	18,646.88	663,000.00	0.00	18,646.88
20060404	0	40085101	CITY OF RAYMONDVILLE					0.08	0.00
20060404	0	40085101	CITY OF RAYMONDVILLE					0.00	0.00
System Credits
System Debits
Bank Credits from 4/5 System Credits
Bank Debits from System Debits
Wire to Trustee for 4/5 System Credits
20060405	4012006	40062101	PAULS VALLEY HOSP AUTHORITY	39,000.00	1,800.00	40,800.00	80,000.00	39,000.00	1,800.00
20060405	4012006	40066501	TOWN OF FAIRFAX SERIES 1969	22,000.00	2,303.75	24,303.75	97,000.00	22,000.00	2,303.75
20060405	4012006	40068701	TOWN OF SUMMERTON	20,000.00	2,422.50	22,422.50	102,000.00	20,000.00	2,422.50
20060405	3012006	40069201	CITY OF NORTH SIOUX					6,999.99	0.01
20060405	0	40079301	CISCO HOSPITAL AUTHORITY					0.00	0.00
20060405	0	40085101	CITY OF RAYMONDVILLE					0.08	0.00
20060405	0	40085101	CITY OF RAYMONDVILLE					0.00	0.00
System Credits
System Debits
Bank Credits from 4/6 System Credits
Bank Debits from 4/6 System Debits (Pymt Reversal)
Wires to Trustee for 4/6 System Credits
20060406	0	40079301	CISCO HOSPITAL AUTHORITY					0.00	0.00
20060406	3012006	40079301	CISCO HOSPITAL AUTHORITY					130,000.00	0.00
System Credits
System Debits
Bank Credits from 4/7 System Credits
Bank Credits from 4/7 System Credits
Bank Debits from 4/7 System Debits (Svc Fees)
Wires to Trustee for 4/7 System Credits
20060407	4012006	40014003	CITY OF SALEM					0	320.87
System Credits

Date  Received	Date Due	Loan Number	Borrower Name	Suspense  Amount	Transaction  Amount	Transaction Description	Total  BankCredits	Wires	ACH Debits
20060403	4012006	40008601	GREATER JUNEAU BOROUGH	0.00	3,037.50	PAYMENT REC'D
20060403	4012006	40009201	ARKANSAS STATE UNIVERSITY -BONDS 1969	0.00	10,350.00	PAYMENT REC'D
20060403	4012006	40013502	CITY OF PARKDALE	0.00	6,270.00	PAYMENT REC'D
20060403	4012006	40080901	CITY OF GARY	0.00	2,295.00	PAYMENT REC'D
System Credits					21,952.50
Bank Credits from 4/4 System Credits							540.00
Bank Debits from System Debits								540.00
Wire to Trustee for 4/4 System Credits
20060404	4012006	40010101	CENTER HILL, CITY OF	0.00	4,837.50	PAYMENT REC'D
20060404	4012006	40015002	CITY OF WEST FORK	0.00	7,517.50	PAYMENT REC'D
20060404	4012006	40021501	CITY OF LIVE OAK	0.00	17,909.38	PAYMENT REC'D
20060404	4012006	40021502	CITY OF LIVE OAK	0.00	19,021.88	PAYMENT REC'D
20060404	4012006	40025601	TOWN OF FORT OGLETHORPE-FTCGLEW/S73	0.00	6,600.00	PAYMENT REC'D
20060404	4012006	40065301	CITY OF BEAUFORT	0.00	18,646.88	PAYMENT REC'D
20060404	0	40085101	CITY OF RAYMONDVILLE	0.00	0.08	PRINCIPAL CREDIT
20060404	0	40085101	CITY OF RAYMONDVILLE	0.00	0.00	ESCROW 2 DEBIT
System Credits					74,533.22
System Debits
Bank Credits from 4/5 System Credits							21,952.50
Bank Debits from System Debits
Wire to Trustee for 4/5 System Credits								21,952.50
20060405	4012006	40062101	PAULS VALLEY HOSP AUTHORITY	0.00	40,800.00	PAYMENT REC'D
20060405	4012006	40066501	TOWN OF FAIRFAX SERIES 1969	0.00	24,303.75	PAYMENT REC'D
20060405	4012006	40068701	TOWN OF SUMMERTON	0.00	22,422.50	PAYMENT REC'D
20060405	3012006	40069201	CITY OF NORTH SIOUX	0.00	7,000.00	PAYMENT REC'D
20060405	0	40079301	CISCO HOSPITAL AUTHORITY	130,000.00	130,000.00	ESCROW HELD PAYMENT
20060405	0	40085101	CITY OF RAYMONDVILLE	0.00	0.08	PRINCIPAL CREDIT
20060405	0	40085101	CITY OF RAYMONDVILLE	-0.08	-0.08	SUSPENSE ESC DEBIT
System Credits					224,526.25
System Debits					-0.08
Bank Credits from 4/6 System Credits							74,533.14
Bank Debits from 4/6 System Debits (Pymt Reversal)
Wires to Trustee for 4/6 System Credits								74,533.22
20060406	0	40079301	CISCO HOSPITAL AUTHORITY	-130,000.00	-130,000.00	PAYMENT REVERSAL
20060406	3012006	40079301	CISCO HOSPITAL AUTHORITY	0.00	130,000.00	PRINCIPAL CURTAILMENT
System Credits					130,000.00
System Debits					-130,000.00
Bank Credits from 4/7 System Credits							130,000.00
Bank Credits from 4/7 System Credits							94,526.25
Bank Debits from 4/7 System Debits (Svc Fees)									5,596.80
Wires to Trustee for 4/7 System Credits								218,929.45
20060407	4012006	40014003	CITY OF SALEM	0	320.87	PAYMENT REC'D
System Credits					320.87

Date  Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Principal  Amount Paid	Interest Amount  Paid
System Debits
Bank Credits from 4/10 System Credits
Bank Debits from 4/10 System Debits (Pymt Reversal)
Wire to Trustee for 4/10 System Credits
20060410	4012006	40001601	TOWN OF GULF SHORES - GULFSHORES 68	18000	720	18720	36000	18,000.00	720.00
20060410	4012006	40016801	IDYLLWILD CO. Water District	0	3750	3750	150000	0.00	3,750.00
20060410	4012006	40044401	VILLAGE OF ONTONAGON	0.00	337.50	337.50	15,000.00	0.00	337.50
20060410	4012006	40061502	MULDROW UTILITY AUTHORITY	40,000.00	4,250.00	44,250.00	170,000.00	40,000.00	4,250.00
20060410	0	40062901	ROOSEVELT PUBLIC WORKS	7,000.00	135.62	7,135.62	7,000.00	0.00	0.00
System Credits
Bank Credits from 4/11 System Credits
Bank Debits from 4/11 System Debits
Wire to Trustee for 4/12 System Credits
20060411	4012006	40014002	CITY OF SALEM	0	318.75	318.75	15000	0.00	318.75
20060411	0	40070001	CITY OF ATHENS	0	4050	4050	185287.5	0.00	0.00
System Credits
System Debit
Bank Credits from 4/12 System Credits
Bank Credits from 4/12 System Credits
Bank Debits from 4/12 System Debit
Wire to Trustee for 4/12 System Credits
20060412	4012006	40014003	CITY OF SALEM	0	320.88	320.88	15100	0.00	0.01
20060412	4012006	40041201	CITY OF DONALDSONVILLE	21,000.00	1,890.00	22,890.00	84,000.00	21,000.00	1,890.00
20060412	0	40062901	ROOSEVELT PUBLIC WORKS					0.00	0.00
20060412	4012006	40062901	ROOSEVELT PUBLIC WORKS					7,000.00	135.61
20060412	3012006	40069201	CITY OF NORTH SIOUX					0.01	0.00
20060412	0	40070001	CITY OF ATHENS					0.00	0.00
20060412	4012006	40070001	CITY OF ATHENS					0.00	4,050.00
System Credits
System Debit
Bank Credits from 4/13 System Credits
Bank Credits from 4/13 System Credits
Bank Debits from 4/13 System Debit
Wire to Trustee for 4/14 System Credits
20060413	4012006	40006601	CITY OF WINFEILD	0	787.5	787.5	28000	0	787.5
System Credits
System Debit
Bank Credits from 4/14 System Credits
Bank Debits from 4/14 System Debit
Wire to Trustee for 4/17 System Credits
20060417	4012006	40080101	COUNTY OF CULBERSON	0.00	1,500.00	1,500.00	60,000.00	0.00	1,500.00
System Credits
Bank Credits from 04/18 System Credits
Bank Debits from 4/18 System Debit
Bank Debits from 4/18 System Debit
Wire to Trustee for 04/18 System Credits

Date  Received	Date Due	Loan Number	Borrower Name	Suspense  Amount	Transaction  Amount	Transaction Description	Total  BankCredits	Wires	ACH Debits
System Debits
Bank Credits from 4/10 System Credits							130,000.00
Bank Debits from 4/10 System Debits (Pymt Reversal)									130,000.00
Wire to Trustee for 4/10 System Credits
20060410	4012006	40001601	TOWN OF GULF SHORES - GULFSHORES 68	0.00	18,720.00	PAYMENT REC’D
20060410	4012006	40016801	IDYLLWILD CO. Water District	0.00	3,750.00	PAYMENT REC’D
20060410	4012006	40044401	VILLAGE OF ONTONAGON	0.00	337.50	PAYMENT REC’D
20060410	4012006	40061502	MULDROW UTILITY AUTHORITY	0.00	44,250.00	PAYMENT REC’D
20060410	0	40062901	ROOSEVELT PUBLIC WORKS	7,135.63	7,135.63	ESCROW HELD PAYMENT
System Credits					74,193.13
Bank Credits from 4/11 System Credits							320.87
Bank Debits from 4/11 System Debits
Wire to Trustee for 4/12 System Credits								320.87
20060411	4012006	40014002	CITY OF SALEM	0.00	318.75	PAYMENT REC’D
20060411	0	40070001	CITY OF ATHENS	4,050.00	4,050.00	ESCROW HELD PAYMENT
System Credits					4,368.75
System Debit							67,057.50
Bank Credits from 4/12 System Credits							7,135.63
Bank Credits from 4/12 System Credits								74,193.13
Bank Debits from 4/12 System Debit
Wire to Trustee for 4/12 System Credits
20060412	4012006	40014003	CITY OF SALEM	0.00	0.01	PAYMENT REC’D
20060412	4012006	40041201	CITY OF DONALDSONVILLE	0.00	22,890.00	PAYMENT REC’D
20060412	0	40062901	ROOSEVELT PUBLIC WORKS	-7,135.63	-7,135.63	PAYMENT REVERSAL
20060412	4012006	40062901	ROOSEVELT PUBLIC WORKS	0.00	7,135.61	PAYMENT REC’D
20060412	3012006	40069201	CITY OF NORTH SIOUX	0.00	0.01	PAYMENT REC’D
20060412	0	40070001	CITY OF ATHENS	-4,050.00	-4,050.00	PAYMENT REVERSAL
20060412	4012006	40070001	CITY OF ATHENS	0.00	4,050.00	PAYMENT REC’D
System Credits					34,075.63
System Debit					-11,185.63
Bank Credits from 4/13 System Credits							4,050.00
Bank Credits from 4/13 System Credits							318.75
Bank Debits from 4/13 System Debit
Wire to Trustee for 4/14 System Credits								4,368.75
20060413	4012006	40006601	CITY OF WINFEILD	0.00	787.50	PAYMENT REC’D
System Credits					787.50
System Debit
Bank Credits from 4/14 System Credits							34,075.63
Bank Debits from 4/14 System Debit									11,185.63
Wire to Trustee for 4/17 System Credits								22,890.00
20060417	4012006	40080101	COUNTY OF CULBERSON	0.00	1,500.00	PAYMENT REC’D
System Credits					1,500.00
Bank Credits from 04/18 System Credits							1,575.00
Bank Debits from 4/18 System Debit									787.50
Bank Debits from 4/18 System Debit								787.50	787.50
Wire to Trustee for 04/18 System Credits

Date  Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Principal  Amount Paid	Interest Amount  Paid
20060418	6012006	40055401	TOWN OF MANTEO					10000	200
System Credits
Bank Credit from 4/19 System Debits
Bank Debit from 4/19 System Credits
Wire to Trustee for 4/19 System Credits
System Credits
Bank Credit from 4/20 System Debits
Bank Debit from 4/20 System Credits
Wire to Trustee for 4/21 System Credits
20060420	5012006	40036202	CITY OF HODGEENVILLE					23,000.00	1,620.00
System Credits
System Debits
Bank Credits from 4/21 System Credits
Wire to Trustee for 4/21 System Credits
System Credits
System Debits
Bank Credits from 4/24 System Credits
Wire to Trustee for 4/24 System Credits
20060425	5012006	40022401	TOWN OF SAINT MARKS					14,000.00	0.00
20060425	10012006	40080101	COUNTY OF CULBERSON					0.00	1,500.00
System Credits
System Debits
Bank Credit from 04/26 System Credits
Bank Creditit from 04/26 System Credits
Wire to Trustee for 04/26 System Credits
20060426	5012006	40030101	CITY OF JOHNSTON CITY					0.00	618.75
System Credits
System Debits
Bank Credit from 04/27 System Credits
Bank Creditit from 04/27 System Credits
Bank Debits from 4/27 System Debits
Wire to Trustee for 4/27 System Credits
20060427	5012006	40029701	CURRAN GARDNER-TWP PUBLIC WATER DIST.					0.00	2,250.00
20060427	5012006	40083201	MACEDONIA EYLAU					16,000.00	2,002.50
System Debits
Bank Credit from 04/28 System Credits
Bank Creditit from 04/28 System Credits
Bank Debits from 4/28 System Debits
Wire to Trustee for 4/28 System Credits
20060428	4012006	40020401	TOWN OF EATONVILLE	16,000.00	3,318.30	19,318.30	110,610.00	16000	3318.3
System Debits
Bank Credit from 05/01System Credits
Bank Creditit from 05/01 System Credits
Bank Debits from 05/01 System Debits
Wire to Trustee for 05/01 System Credits
				82,390.44	82,390.44	307,390.44	3,223,997.47	425,000.16	90,581.69

Date  Received	Date Due	Loan Number	Borrower Name	Suspense  Amount	Transaction  Amount	Transaction Description	Total  BankCredits	Wires	ACH Debits
20060418	6012006	40055401	TOWN OF MANTEO	0	10,200.00	PAYMENT REC’D
System Credits					10,200.00
Bank Credit from 4/19 System Debits							1,500.00
Bank Debit from 4/19 System Credits
Wire to Trustee for 4/19 System Credits								1,500.00
System Credits
Bank Credit from 4/20 System Debits							10,200.00
Bank Debit from 4/20 System Credits
Wire to Trustee for 4/21 System Credits								10,200.00
20060420	5012006	40036202	CITY OF HODGEENVILLE	0.00	24,620.00	PAYMENT REC’D
System Credits					24,620.00
System Debits
Bank Credits from 4/21 System Credits
Wire to Trustee for 4/21 System Credits
System Credits
System Debits
Bank Credits from 4/24 System Credits							24,620.00
Wire to Trustee for 4/24 System Credits								24,620.00
20060425	5012006	40022401	TOWN OF SAINT MARKS	0.00	14,000.00	PAYMENT REC’D
20060425	10012006	40080101	COUNTY OF CULBERSON	0.00	1,500.00	PAYMENT REC’D
System Credits					15,500.00
System Debits
Bank Credit from 04/26 System Credits
Bank Creditit from 04/26 System Credits
Wire to Trustee for 04/26 System Credits
20060426	5012006	40030101	CITY OF JOHNSTON CITY	0.00	618.75	PAYMENT REC’D
System Credits					618.75
System Debits
Bank Credit from 04/27 System Credits							15,500.00
Bank Creditit from 04/27 System Credits
Bank Debits from 4/27 System Debits
Wire to Trustee for 4/27 System Credits								15,500.00
20060427	5012006	40029701	CURRAN GARDNER-TWP PUBLIC WATER DIST.	0.00	2,250.00	PAYMENT REC’D
20060427	5012006	40083201	MACEDONIA EYLAU	0.00	18,002.50	PAYMENT REC’D
System Debits					20,252.50
Bank Credit from 04/28 System Credits							618.75
Bank Creditit from 04/28 System Credits
Bank Debits from 4/28 System Debits
Wire to Trustee for 4/28 System Credits								618.75
20060428	4012006	40020401	TOWN OF EATONVILLE	0	19,318.30	PAYMENT REC’D
System Debits					19,318.30
Bank Credit from 05/01System Credits							20,252.50
Bank Creditit from 05/01 System Credits
Bank Debits from 05/01System Debits
Wire to Trustee for 05/01 System Credits								20,252.50
				-0.08	515,581.69		638,776.52	490,419.17	148,357.43

Loans Due in Current Period and Paid Prior Period:

2/24/2006	4012006	40002902	TOWN OF MOUND	11,000.00	1,710.00	12,710.00	57,000.00
3/21/2006	4012006	40007801	CITY OF FAYET	20,000.00	1,338.75	21,338.75	63,000.00
3/27/2006	4012006	40018801	TRI-COUNTY WT	200000	25000	225000	1000000
3/30/2006	4012006	40028601	CITY OF CHUBB	0.00	11,250.00	11,250.00	375,000.00
3/30/2006	4012006	40031601	CORDRY-SWEETW	30,000.00	4,375.00	34,375.00	175,000.00
3/27/2006	4012006	40032101	CITY OF EVANS	0.00	1,359.37	1,359.37	75,000.00
3/27/2006	4012006	40037603	CITY OF MIDDL	47,000.00	5,415.00	52,415.00	228,000.00
3/29/2006	4012006	40039503	CITY OF STANT	20,000.00	412.50	20,412.50	20,000.00
3/27/2006	4012006	40039504	CITY OF STANT	11,000.00	665.00	11,665.00	28,000.00
3/31/2006	4012006	40044901	CITY OF LAKE	0.00	540.00	540.00	27,000.00
10/5/2005	4012006	40068501	TOWN OF ST ST	0.00	6,476.88	6,476.88	241,000.00
3/20/2006	4012006	40082001	COUNTY MUNICI	30,000.00	3,250.00	33,250.00	130,000.00
3/27/2006	4012006	40085301	RED RIVER AUT	5,000.00	607.50	5,607.50	27,000.00
3/27/2006	4012006	40086701	SOUTH LIMESTO	0.00	6,000.00	6,000.00	200,000.00
			TOTALS:	374,000.00	68,400.00	442,400.00	2,646,000.00

Loans Due in Current Period and Not Yet Paid:

4012006	40014001	CITY OF SALEM	0.00	262.50	262.50	0.00
		TOTALS:	0.00	262.50	262.50	0.00
		GRAND TOTAL:	456,390.44	151,052.94	750,052.94	5,869,997.47

GMAC Commercial Mortgage

Public Facilities Loan Trust

May                             —2006

Date  Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal  Balance	Principal  Amount Paid	Interest Amount  Paid
20060503	5012006	40004101	CITY OF SELMA (5-1328)	65,000.00	20,109.38	85,109.38	650,000.00	65,000.00	0.00
20060503	5012006	40027301	METTER, CITY OF MET W/S 71	25,000.00	4,031.25	29,031.25	150,000.00	0.15	4,031.25
20060503	5012006	40031401	CITY OF STERLING	50,000.00	5,000.00	55,000.00	150,000.00	50,000.00	5,000.00
System Credits
Bank Credits from 5/4 System Credits
Bank Debits from  System Debits
Wire to Trustee for 5/4 System Credits
20060504	5012006	40003801	CITY OF ENTERPRISE PUB BLDG	0.00	2,272.50	2,272.50	101,000.00	0.00	2,272.50
20060504	5012006	40020001	TOWN OF CEDAR GROVE	7,000.00	1,546.88	8,546.88	55,000.00	2,546.88	0.00
20060504	6012006	40056301	TOWN OF PRINCEVILLE					9,000.00	810.00
20060504	5012006	40058601	SCIOTO BOARD OF  COMMISSIONERS					0.00	4,434.21
System Credits
System Debits
Bank Credits from 5/5 System Credits
Bank Debits from  System Debits
Wire to Trustee for 5/5 System Credits
20060505	5012006	40004101	CITY OF SELMA (5-1328)					0.00	20,109.19
20060505	11012006	40004101	CITY OF SELMA (5-1328)					0.00	0.90
20060505	5012006	40040601	PARISH OF AVOYELLES	0.00	2,018.75	2,018.75	85,000.00	0.00	2,018.75
System Credits
Bank Credits from 5/8  System Credits
Bank Debits from 5/8 System Debits ( Svc Fees)
Wires to Trustee for 5/8 System Credits
20060508	5012006	40027301	METTER, CITY OF MET W/S 71					24,999.85	0.00
20060508	11012006	40027301	METTER, CITY OF MET W/S 71					0.00	0.15
20060508	6012006	40054402	TOWN OF GRANITE QUARRY					18,000.00	405.00
20060508	5012006	40058601	SCIOTO BOARD OF COMMISSIONERS	30,000.00	4,434.38	34,434.38	165,000.00	29,999.99	0.01
20060508	5012006	40076702	W. WARREN-VIOLA UTILITIY DIST.	37,000.00	2,475.00	39,475.00	110,000.00	37,000.00	2,475.00
20060508	5012006	40079502	CITY OF COPPELL	18,000.00	360.00	18,360.00	19,980.00	18,000.00	360.00
20060508	5012006	40088201	FARR WEST CITY SEWER	0.00	180.00	180.00	8,000.00	0.00	180.00
20060508	5012006	40088202	FARR WEST CITY SEWER	0.00	405.00	405.00	18,000.00	0.00	405.00
20060508	0	40088501	CITY OF PLAIN CITY	24,000.00	4,275.00	28,275.00	190,000.00	0.00	0.00
20060508	0	40088501	CITY OF PLAIN CITY					0.00	0.00
System Credits
System Debits
Bank Credits from 5/9 System Credits
Bank Debits from 5/9  System Debits
Wires to Trustee for 5/9 System Credits
20060509	0	40022401	TOWN OF SAINT MARKS	14,000.00	990.00	14,990.00	44,000.00	0.00	0.00
20060509	5012006	40078401	BRAZORIA COUNTY  WATER CONTROL DIST	0.00	825.00	825.00	33,000.00	0.00	825.00
20060509	0	40088501	CITY OF PLAIN CITY					0.00	0.00
20060509	0	40088501	CITY OF PLAIN CITY					0.00	0.00

Date  Received	Date Due	Loan Number	Borrower Name	Suspense  Amount	Transaction  Amount	Transaction Description	Total  BankCredits	Wires	ACH Debits
20060503	5012006	40004101	CITY OF SELMA (5-1328)	0.00	65,000.00	PAYMENT REC’D
20060503	5012006	40027301	METTER, CITY OF MET W/S 71	0.00	4,031.40	PAYMENT REC’D
20060503	5012006	40031401	CITY OF STERLING	0.00	55,000.00	PAYMENT REC’D
System Credits					124,031.40
Bank Credits from 5/4 System Credits
Bank Debits from  System Debits
Wire to Trustee for 5/4 System Credits
20060504	5012006	40003801	CITY OF ENTERPRISE PUB BLDG	0.00	2,272.50	PAYMENT REC’D
20060504	5012006	40020001	TOWN OF CEDAR GROVE	0.00	2,546.88	PAYMENT REC’D
20060504	6012006	40056301	TOWN OF PRINCEVILLE	0.00	9,810.00	PAYMENT REC’D
20060504	5012006	40058601	SCIOTO BOARD OF  COMMISSIONERS	0.00	4,434.21	PAYMENT REC’D
System Credits					19,063.59
System Debits
Bank Credits from 5/5 System Credits							124,031.40
Bank Debits from  System Debits
Wire to Trustee for 5/5 System Credits								124,031.40
20060505	5012006	40004101	CITY OF SELMA (5-1328)	0.00	20,109.19	PAYMENT REC’D
20060505	11012006	40004101	CITY OF SELMA (5-1328)	0.00	0.90	PAYMENT REC’D
20060505	5012006	40040601	PARISH OF AVOYELLES	0.00	2,018.75	PAYMENT REC’D
System Credits					22,128.84
Bank Credits from 5/8  System Credits							19,063.59
Bank Debits from 5/8 System Debits ( Svc Fees)									2,678.07
Wires to Trustee for 5/8 System Credits								16,385.52
20060508	5012006	40027301	METTER, CITY OF MET W/S 71	0.00	24,999.85	PAYMENT REC’D
20060508	11012006	40027301	METTER, CITY OF MET W/S 71	0.00	0.15	PAYMENT REC’D
20060508	6012006	40054402	TOWN OF GRANITE QUARRY	0.00	18,405.00	PAYMENT REC’D
20060508	5012006	40058601	SCIOTO BOARD OF COMMISSIONERS	0.00	30,000.00	PAYMENT REC’D
20060508	5012006	40076702	W. WARREN-VIOLA UTILITIY DIST.	0.00	39,475.00	PAYMENT REC’D
20060508	5012006	40079502	CITY OF COPPELL	0.00	18,360.00	PAYMENT REC’D
20060508	5012006	40088201	FARR WEST CITY SEWER	0.00	180.00	PAYMENT REC’D
20060508	5012006	40088202	FARR WEST CITY SEWER	0.00	405.00	PAYMENT REC’D
20060508	0	40088501	CITY OF PLAIN CITY	24,000.00	24,000.00	ESCROW HELD PAYMENT
20060508	0	40088501	CITY OF PLAIN CITY	4,275.00	4,275.00	ESCROW HELD PAYMENT
System Credits					160,100.00
System Debits
Bank Credits from 5/9 System Credits							22,128.84
Bank Debits from 5/9  System Debits
Wires to Trustee for 5/9 System Credits								22,128.84
20060509	0	40022401	TOWN OF SAINT MARKS	990.00	990.00	ESCROW HELD PAYMENT
20060509	5012006	40078401	BRAZORIA COUNTY WATER CONTROL DIST	0.00	825.00	PAYMENT REC’D
20060509	0	40088501	CITY OF PLAIN CITY	-4,275.00	-4,275.00	PAYMENT REVERSAL
20060509	0	40088501	CITY OF PLAIN CITY	-24,000.00	-24,000.00	PAYMENT REVERSAL

20060509	5012006	40088501	CITY OF PLAIN CITY					24,000.00	4,275.00
System Credits
System Debits
Bank Credits from 5/10 System Credits
Bank Debits from 5/10 System Debits (Pymt Reversal)
Wire to Trustee for 5/10 System Credits
20060510	0	40022401	TOWN OF SAINT MARKS					0.00	0.00
20060510	11012006	40022401	TOWN OF SAINT MARKS					0.00	675.00
20060510	0	40022401	TOWN OF SAINT MARKS					0.00	0.00
System Credits
System Debits
Bank Credits from 5/11 System Credits
Bank Debits from 5/11 System Debits
Wire to Trustee for 5/12 System Credits
20060511	1012006	40028502	CITY OF WOODSTOCK					0.00	0.64
20060511	0	40085101	CITY OF RAYMONDVILLE					0.00	0.00
20060511	0	40085101	CITY OF RAYMONDVILLE					-0.08	0.00
20060511	1012006	40089802	PORT OF KINGSTON					0.00	0.01
System Credits
System Debit
Bank Credits from 5/12 System Credits
Bank Debits from 5/12 System Debit
Wire to Trustee for 5/12 System Credits
20060512	5012006	40058601	SCIOTO BOARD OF COMMISSIONERS					0.01	0.00
20060512	3012006	40085101	CITY OF RAYMONDVILLE					0.08	0.00
System Credits
System Debit
Bank Credits from 5/15 System Credits
Bank Debits from 5/15 System Debit
Wire to Trustee for 5/15 System Credits
20060515	5012006	40083802	CITY OF SUMMERFIELD	17,000.00	697.50	17,697.50	31,000.00	17,000.00	697.5
System Credits
System Debit
Bank Credits from 5/16 System Credits
Bank Debits from 5/16 System Debit
Wire to Trustee for 5/16 System Credits
20060517	0	40020001	TOWN OF CEDAR GROVE					0.00	0.00
System Credits
Bank Credits from 05/18 System Credits
Bank Debits from 5/18 System Debit
Wire to Trustee for 05/18 System Credits
20060519	6012006	40042601	PRAIRIE ROAD WATER DISTRICT					0	4443.75
System Credits
Bank Credit from 5/22 System Debits
Bank Credit from 5/22 System Debits

20060509	5012006	40088501	CITY OF PLAIN CITY	0.00	28,275.00	PAYMENT REC’D
System Credits					30,090.00
System Debits					-28,275.00
Bank Credits from 5/10 System Credits							160,100.00
Bank Debits from 5/10 System Debits (Pymt Reversal)
Wire to Trustee for 5/10 System Credits								160,100.00
20060510	0	40022401	TOWN OF SAINT MARKS	-990.00	-990.00	PAYMENT REVERSAL
20060510	11012006	40022401	TOWN OF SAINT MARKS	0.00	675.00	PAYMENT REC’D
20060510	0	40022401	TOWN OF SAINT MARKS	315.00	315.00	ESCROW HELD PAYMENT
System Credits					990.00
System Debits					-990.00
Bank Credits from 5/11 System Credits							30,090.00
Bank Debits from 5/11 System Debits									28,275.00
Wire to Trustee for 5/12 System Credits								1,815.00
20060511	1012006	40028502	CITY OF WOODSTOCK	0.00	0.64	PAYMENT REC’D
20060511	0	40085101	CITY OF RAYMONDVILLE	0.08	0.08	ESCROW HELD CREDIT
20060511	0	40085101	CITY OF RAYMONDVILLE	0.00	-0.08	PRINCIPAL DEBIT
20060511	1012006	40089802	PORT OF KINGSTON	0.00	0.01	PAYMENT REC’D
System Credits					0.65
System Debit
Bank Credits from 5/12 System Credits							990.00
Bank Debits from 5/12 System Debit
Wire to Trustee for 5/12 System Credits								990.00
20060512	5012006	40058601	SCIOTO BOARD OF COMMISSIONERS	0.00	0.01	PAYMENT REC’D
20060512	3012006	40085101	CITY OF RAYMONDVILLE	0.00	0.08	PAYMENT REC’D
System Credits					0.09
System Debit					0.00
Bank Credits from 5/15 System Credits
Bank Debits from 5/15 System Debit
Wire to Trustee for 5/15 System Credits								0.09
20060515	5012006	40083802	CITY OF SUMMERFIELD	0.00	17,697.50	PAYMENT REC’D
System Credits					17,697.50
System Debit
Bank Credits from 5/16 System Credits							0.66
Bank Debits from 5/16 System Debit
Wire to Trustee for 5/16 System Credits								0.65
20060517	0	40020001	TOWN OF CEDAR GROVE	2,546.88	2,546.88	ESCROW HELD PAYMENT
System Credits					2,546.88
Bank Credits from 05/18 System Credits							17,697.50
Bank Debits from 5/18 System Debit
Wire to Trustee for 05/18 System Credits								17,697.50
20060519	6012006	40042601	PRAIRIE ROAD WATER DISTRICT	0	4,443.75	PAYMENT REC’D
System Credits					4,443.75
Bank Credit from 5/22 System Debits							2,546.88
Bank Credit from 5/22 System Debits							1,350.00

Bank Credit from 5/22 System Debits
Bank Debit from 5/22 System Credits
Wire to Trustee for 5/22  System Credits
20060522	5012006	40036703	CITY OF JACKSON	6,000.00	540.00	6,540.00	18,000.00	6,000.00	540.00
20060522	6012006	40050501	JACKSON CO. DIST #15					0.00	6,918.75
System Credits
Bank Credit from 5/23 System Debits
Bank Debit from 5/23 System Credits
Wire to Trustee for 5/23  System Credits
20060524	0	40020001	TOWN OF CEDAR GROVE					0.00	0.00
20060524	5012006	40020001	TOWN OF CEDAR GROVE					1,196.88	0.00
System Credits
System Debits
Bank Credits from 5/25 System Credits
Wire to Trustee for 5/25 System Credits
20060526	10012005	40070001	CITY OF ATHENS					5,287.50	0.00
System Credits
System Debits
Bank Credit from 05/30 System Credits
Bank Creditit from 05/30 System Credits
Wire to Trustee for 05/30 System Credits
20060530	6012006	40054002	TOWN OF ELM CITY					7,000.00	140.00
20060530	6012006	40076201	UN FORK-BAKEWELL					22,000.00	2,092.50
20060530	6012006	40081501	CITY OF HOOKS					0.00	5,079.38
20060531	6012006	40083001	CITY OF LUCAS					0.00	1,225.00
System Debits
Bank Credit from 06/1 System Credits
Bank Creditit from 06/1 System Credits
Bank Debits from 6/1 System Debits
Wire to Trustee for 6/1 System Credits
				293,000.00	50,160.64	343,160.64	1,827,980.00	337,031.26	69,414.49

Loans Due in Current Period and Paid Prior Period:
4/27/2006	5012006	40029701	CURRAN GARDNE	0.00	2,250.00	2,250.00	100,000.00
4/26/2006	5012006	40030101	CITY OF JOHNS	0.00	618.75	618.75	22,000.00
12/2/2005	5012006	40034301	CITY OF CRESC	0.00	540.00	540.00	24,000.00
4/20/2006	5012006	40036202	CITY OF HODGE	23,000.00	1,620.00	24,620.00	72,000.00
11/3/2005	5012006	40058001	VILLAGE OF AR	12,000.00	240.00	12,240.00	12,000.00
4/27/2006	5012006	40083201	MACEDONIA-EYL	16,000.00	2,002.50	18,002.50	89,000.00
3/29/2006	5012006	40083801	CITY OF NEW S	2,000.00	37.50	2,037.50	2,000.00
			TOTALS:	53,000.00	7,308.75	60,308.75	321,000.00
Loans Due in Current Period and Not Yet Paid:
			TOTALS:	0.00	0.00	0.00	0.00
			GRAND TOTAL:	346,000.00	57,469.39	403,469.39	2,148,980.00

Bank Credit from 5/22 System Debits							1,196.88
Bank Debit from 5/22 System Credits									2,546.88
Wire to Trustee for 5/22  System Credits								2,546.88
20060522	5012006	40036703	CITY OF JACKSON	0.00	6,540.00	PAYMENT REC’D
20060522	6012006	40050501	JACKSON CO. DIST #15	0.00	6,918.75	PAYMENT REC’D
System Credits					13,458.75
Bank Credit from 5/23 System Debits							4,443.75
Bank Debit from 5/23 System Credits
Wire to Trustee for 5/23  System Credits								4,443.75
20060524	0	40020001	TOWN OF CEDAR GROVE	-1,196.88	-1,196.88	PAYMENT REVERSAL
20060524	5012006	40020001	TOWN OF CEDAR GROVE	0.00	1,196.88	PRINCIPAL CURTAILMENT
System Credits					1,196.88
System Debits					-1,196.88
Bank Credits from 5/25 System Credits							13,458.75
Wire to Trustee for 5/25 System Credits								13458.75
20060526	10012005	40070001	CITY OF ATHENS	0.00	5,287.50	PAYMENT REC’D
System Credits					5,287.50
System Debits
Bank Credit from 05/30 System Credits							1,196.88
Bank Creditit from 05/30 System Credits									1,196.88
Wire to Trustee for 05/30 System Credits
20060530	6012006	40054002	TOWN OF ELM CITY	0.00	7,140.00	PAYMENT REC’D
20060530	6012006	40076201	UN FORK-BAKEWELL	0.00	24,092.50	PAYMENT REC’D
20060530	6012006	40081501	CITY OF HOOKS	0.00	5,079.38	PAYMENT REC’D
					36,311.88
							5,287.50
								5,287.50
20060531	6012006	40083001	CITY OF LUCAS	0.00	1,225.00	PAYMENT REC’D
System Debits					1,225.00
Bank Credit from 06/1 System Credits							36,311.88
Bank Creditit from 06/1 System Credits
Bank Debits from 6/1 System Debits
Wire to Trustee for 6/1 System Credits								36,311.88
				1,665.08	408,110.83		439,894.51	405,197.76	34,696.83

GMAC Commercial Mortgage
Public Facilities Loan Trust
June                          —2006

Date Received	Date Due	Loan Number	Borrower Name	Principal Due	Interest Due	Total Due	Principal Balance	Transaction Description	Principal  Amount Paid	Interest Amount  Paid
20060601	6012006	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY	0.00	5,240.62	5,240.62	195,000.00	PAYMENT REC’D	0.00	5,240.62
20060601	0	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY					ESCROW HELD PAYMENT	0.00	0.00
20060601	6012006	40055902	TOWN OF NEWPORT	2,500.00	140.63	2,640.63	5,000.00	PAYMENT REC’D	2,500.00	0.00
20060601	6012006	40063401	VALLEY VIEW HOSPITAL	0.00	2,289.38	2,289.38	111,000.00	PAYMENT REC’D	0.00	2,289.38
20060601	6012006	40081201	CITY OF GREY FOREST	0.00	3,600.00	3,600.00	160,000.00	PAYMENT REC’D	0.00	3,600.00
System Credits 6/1
System Debits 6/1
Bank Credits 6/1
Bank Debits 6/1
Wire to Trustee 6/1
20060602	6012006	40072201	CITY OF GOODLETTSVILLE	35,000.00	3,375.00	38,375.00	150,000.00	PAYMENT REC’D	35,000.00	3,375.00
System Credits 6/2
System Debits 6/2
Bank Credits 6/2
Bank Credits 6/2
Bank Debits 6/2
Wire to Trustee 6/2
System Credits 6/5
System Debits 6/5
Bank Credits 6/5
Bank Debits 6/5
Wire to Trustee 6/5
20060606	0	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY					PAYMENT REVERSAL	0.00	0.00
20060606	12012006	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY					PAYMENT REC’D	0.00	0.20
System Credits 6/6
System Debits 6/6
Bank Credits 6/6
Bank Debits from 6/6
Wires to Trustee 6/6
System Credits 6/7
System Debits 6/7
Bank Credits from 6/7 System Credits
Bank Debits from 6/7 System Debits
Wires to Trustee for 6/7 System Credits
20060608	6012006	40005001	TOWN OF BLOUNTSVILLE - BLNTVLLUT 74					PAYMENT REC’D	0.00	731.16
20060608	12012006	40005001	TOWN OF BLOUNTSVILLE - BLNTVLLUT 74					PAYMENT REC’D	0.00	0.22
20060608	6012006	40031701	TOWN OF HANOVER	7,000.00	175.00	7,175.00	14,000.00	PAYMENT REC’D	0.00	175.00
20060608	6012006	40060801	GROVE MUNICIPAL SERV	14000	577.5	14577.5	28000	PAYMENT REC’D	14,000.00	577.50

System Credits 6/8
System Debits 6/8
Bank Credits 6/8
Bank Debits 6/8
Wires to Trustee 6/8
20060609	6012006	40054602	TOWN OF HAVELOCK	22,000.00	440.00	22,440.00	44,000.00	PAYMENT REC’D	0.00	440.00
System Credits 6/9
System Debits 6/9
Bank Credits 6/9
Bank Debits 6/9 (Service Fees)
Wires to Trustee 6/9
System Credits 6/12
System Debits 6/12
Bank Credits 6/12
Bank Debits 6/12
Wire to Trustee 6/12
20060614	6152006	40085201	CITY OF RED OAK	10,000.00	2,150.00	12,150.00	80,000.00	PAYMENT REC’D	8,118.75	2,150.00
System Credits 6/14
System Debits 6/14
Bank Credits 6/14
Bank Debits 6/14
Wire to Trustee 6/14
20060615	0	40072401	TOWN OF GREENVILLE					PAYMENT REC’D	0.00	0.00
System Credits 6/15
System Debits 6/15
Bank Credits 6/15
Bank Debits 6/15
Wire to Trustee 6/15
20060616	0	40085201	CITY OF RED OAK					ESCROW HELD PAYMENT	0.00	0.00
System Credits 6/16
System Debit 6/16
Bank Credits 6/16
Bank Debits 6/16
Wire to Trustee 6/16
System Credits 6/19
System Debit 6/19
Bank Credits 6/19
Bank Debits 6/19
Wire to Trustee6/19
20060620	0	40072401	TOWN OF GREENVILLE					PAYMENT REVERSAL	0.00	0.00
20060620	0	40072401	TOWN OF GREENVILLE					LOAN PAYOFF	25,000.00	468.75

System Credits 6/20
System Debit 6/20
Bank Credits 6/20
Bank Debits 6/20
Wire to Trustee 6/20
System Credits 6/21
System Debit 6/21
Bank Credits 6/21
Bank Debits 6/21
Wire to Trustee 6/21
System Credits 6/22
System Debit 6/22
Bank Credits 6/22
Bank Debits 6/22
Wire to Trustee 6/22
20060623	0	40085201	CITY OF RED OAK	PAYMENT REVERSAL	0	0
20060623	6152006	40085201	CITY OF RED OAK	PAYMENT REC’D	1881.25	0
20060623	0	40085201	CITY OF RED OAK	ESCROW HELD PAYMENT	0	0
20060623	7012006	40085401	CITY OF RENO	PAYMENT REC’D	0.00	2756.25
System Credits 6/23
System Debit 6/23
Bank Credits 6/23
Bank Debits 6/23
Wire to Trustee 6/23
20060626	7012006	40042501	PINE HILLS WATERWORK	PAYMENT REC’D	20,000.00	1,327.50
20060626	7012006	40072402	TOWN OF GREENVILLE	PAYMENT REC’D	4,000.00	75.00
20060626	7012006	40079601	TOWN OF COMBES	PAYMENT REC’D	0.00	591.25
20060626	0	40085201	CITY OF RED OAK	PAYMENT REVERSAL	0.00	0.00
20060626	6152006	40085201	CITY OF RED OAK	PRINCIPAL CURTAILMENT	70,000.00	0.00
20060626	7012006	40086001	TAFT HOSPITAL DISTRICT	PAYMENT REC’D	12,000.00	877.50
System Credits 6/26
System Debits 6/26
Bank Credits 6/26
Bank Credits 6/26
Bank Debits 6/26
Wire to Trustee 6/26
System Credits 6/27
System Debits 6/27
Bank Credits 6/27
Bank Debits 6/27
Wire to Trustee 6/27
20060628	7012006	40041501	TOWN OF GRAMBLING	PAYMENT REC’D	0	2230.62

System Credits 6/28
System Debits 6/28
Bank Credit 6/28
Bank Debit 6/28
Wire to Trustee 6/28
20060629	7012006	40049302	CITY OF WAVELAND					PAYMENT REC’D	50,000.00	2,741.25
20060629	7012006	40079101	CHILDRESS GENERAL HOSPITAL					PAYMENT REC’D	45,000.00	2,880.00
System Credits 6/29
System Debits 6/29
Bank Credit 6/29
Bank Debit 6/29
Wire to Trustee 6/29
System Credits 6/30
System Debits 6/30
Bank Credits 6/30
Bank Debit 6/230
Wire to Trustee 6/30
20060630	7012006	40017601	RUBIDOUX COMMUNITY SERVICES DISTRICT					30,000.00	30,000.00	600.00
20060630	7012006	40079801	CROSBY MUNICIPAL DISTRICT					0.00	0.00	3,037.50
20060630	7012006	40079802	CROSBY MUNICIPAL DISTRICT					0.00	0.00	10,125.00
System Credits 7/3/06
				90,500.00	17,988.13	108,488.13	787,000.00	30,000.00	317,500.00	46,289.70
Loans Due in Current Period and Paid Prior Period:
20060608	6012006	40005001	TOWN OF BLOUN	0.00	731.22	731.22	25,999.05
20060519	6012006	40042601	PRAIRIE RD DI	0.00	4,443.75	4,443.75	158,000.00
20060519	6012006	40050501	JACKSON CO DI	0.00	6,918.75	6,918.75	246,000.00
20060530	6012006	40054002	TOWN OF ELM C	7,000.00	140.00	7,140.00	7,000.00
20060508	6012006	40054402	TOWN OF GRANI	18,000.00	405.00	18,405.00	18,000.00
20060418	6012006	40055401	TOWN OF MANTE	10,000.00	200.00	10,200.00	10,000.00
20060504	6012006	40056301	TOWN OF PRINC	9,000.00	810.00	9,810.00	27,000.00
20060530	6012006	40076201	UN FORK-BAKEW	22,000.00	2,092.50	24,092.50	93,000.00
	6152006	40077301	CITY OF ARP	8,000.00	160.00	8,160.00	8,000.00
20060530	6012006	40081501	CITY OF HOOKS	0.00	5,079.38	5,079.38	189,000.00
20051207	6012006	40082803	TOWN OF LITTL	0.00	100.00	100.00	4,000.00
20060530	6012006	40083001	CITY OF LUCAS	0.00	1,225.00	1,225.00	49,000.00
			TOTALS:	49,000.00	9,666.88	58,666.88	380,000.00
Loans Due in Current Period and Not Yet Paid:
	`6012006	40004601	TOWN OF SLOCO	0	1051.87	1051.87	50999.92
	6012006	40005101	TOWN OF HELEN	0	5062.5	5062.5	180000
	6012006	40007501	TOWN OF PARRI	0	1096.88	1096.88	39000
	6012006	40030601	LAKE BLUFF PA	0	520	520	26000
	6012006	40073701	TOWN OF OLIVE	0	5375	5375	215000
	6012006	40084901	CITY OF QUEEN	0	5643.75	5643.75	210000
			TOTALS:	0.00	18,750.00	18,750.00	720,999.92
			.
			GRAND TOTAL:	139,500.00	46,405.01	185,905.01	1,887,999.92

Date Received	Date Due	Loan Number	Borrower Name	Suspense Amount	Transaction Amount	Transaction Description	Total BankCredits	Wires	ACH Debits
20060601	6012006	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY	0.00	5,240.62	PAYMENT REC’D
20060601	0	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY	0.20	0.20	ESCROW HELD PAYMENT
20060601	6012006	40055902	TOWN OF NEWPORT	0.00	2,500.00	PAYMENT REC’D
20060601	6012006	40063401	VALLEY VIEW HOSPITAL	0.00	2,289.38	PAYMENT REC’D
20060601	6012006	40081201	CITY OF GREY FOREST	0.00	3,600.00	PAYMENT REC’D
System Credits 6/1					13,630.20
System Debits 6/1
Bank Credits 6/1							1,225.00
Bank Debits 6/1
Wire to Trustee 6/1								1,225.00
20060602	6012006	40072201	CITY OF GOODLETTSVILLE	0.00	38,375.00	PAYMENT REC’D
System Credits 6/2					38,375.00
System Debits 6/2
Bank Credits 6/2							13,630.20
Bank Credits 6/2							0.20
Bank Debits 6/2
Wire to Trustee 6/2								13,630.20
System Credits 6/5
System Debits 6/5
Bank Credits 6/5							76,750.00
Bank Debits 6/5									38,375.00
Wire to Trustee 6/5								38,375.00
20060606	0	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY	-0.20	-0.20	PAYMENT REVERSAL
20060606	12012006	40026201	HOSPITAL AUTHORITY CALHOUN COUNTY	0.00	0.20	PAYMENT REC’D
System Credits 6/6					0.20
System Debits 6/6					-0.20
Bank Credits 6/6
Bank Debits from 6/6
Wires to Trustee 6/6
System Credits 6/7
System Debits 6/7
Bank Credits from 6/7 System Credits							0.20
Bank Debits from 6/7 System Debits									0.20
Wires to Trustee for 6/7 System Credits
20060608	6012006	40005001	TOWN OF BLOUNTSVILLE - BLNTVLLUT 74	0.00	731.16	PAYMENT REC’D
20060608	12012006	40005001	TOWN OF BLOUNTSVILLE - BLNTVLLUT 74	0.00	0.22	PAYMENT REC’D
20060608	6012006	40031701	TOWN OF HANOVER	0.00	175.00	PAYMENT REC’D
20060608	6012006	40060801	GROVE MUNICIPAL SERV	0.00	14,577.50	PAYMENT REC’D

					15,483.88
System Debits 6/8
Bank Credits 6/8
Bank Debits 6/8
Wires to Trustee 6/8
20060609	6012006	40054602	TOWN OF HAVELOCK	0.00	440.00	PAYMENT REC’D
System Credits 6/9					440.00
System Debits 6/9
Bank Credits 6/9							15,483.88
Bank Debits 6/9 (Service Fees)									2,641.99
Wires to Trustee 6/9								12,841.89
System Credits 6/12
System Debits 6/12
Bank Credits 6/12							440.00
Bank Debits 6/12
Wire to Trustee 6/12								440.00
20060614	6152006	40085201	CITY OF RED OAK	0.00	10,268.75	PAYMENT REC’D
System Credits 6/14					10,268.75
System Debits 6/14
Bank Credits 6/14
Bank Debits 6/14
Wire to Trustee 6/14
20060615	0	40072401	TOWN OF GREENVILLE	25,468.75	25,468.75	PAYMENT REC’D
System Credits 6/15					25,468.75
System Debits 6/15
Bank Credits 6/15							10,268.75
Bank Debits 6/15
Wire to Trustee 6/15								10,268.75
20060616	0	40085201	CITY OF RED OAK	71,881.25	71,881.25	ESCROW HELD PAYMENT
System Credits 6/16					71,881.25
System Debit 6/16
Bank Credits 6/16							25,468.75
Bank Debits 6/16
Wire to Trustee 6/16								25,468.75
System Credits 6/19
System Debit 6/19
Bank Credits 6/19							71,881.25
Bank Debits 6/19
Wire to Trustee6/19								71,881.25
20060620	0	40072401	TOWN OF GREENVILLE	-25,468.75	-25,468.75	PAYMENT REVERSAL
20060620	0	40072401	TOWN OF GREENVILLE	0.00	25,468.75	LOAN PAYOFF

System Credits 6/20					25,468.75
System Debit 6/20					-25,468.75
Bank Credits 6/20
Bank Debits 6/20
Wire to Trustee 6/20
System Credits 6/21
System Debit 6/21
Bank Credits 6/21							25,468.75
Bank Debits 6/21									25,468.75
Wire to Trustee 6/21
System Credits 6/22
System Debit 6/22
Bank Credits 6/22
Bank Debits 6/22									5,046.84
Wire to Trustee 6/22
20060623	0	40085201	CITY OF RED OAK	-71,881.25	-71,881.25	PAYMENT REVERSAL
20060623	6152006	40085201	CITY OF RED OAK	0.00	1,881.25	PAYMENT REC’D
20060623	0	40085201	CITY OF RED OAK	70,000.00	70,000.00	ESCROW HELD PAYMENT
20060623	7012006	40085401	CITY OF RENO	0.00	2,756.25	PAYMENT REC’D
System Credits 6/23					74,637.50
System Debit 6/23					-71,881.25
Bank Credits 6/23
Bank Debits 6/23
Wire to Trustee 6/23
20060626	7012006	40042501	PINE HILLS WATERWORK	0.00	21,327.50	PAYMENT REC’D
20060626	7012006	40072402	TOWN OF GREENVILLE	0.00	4,075.00	PAYMENT REC’D
20060626	7012006	40079601	TOWN OF COMBES	0.00	591.25	PAYMENT REC’D
20060626	0	40085201	CITY OF RED OAK	-70,000.00	-70,000.00	PAYMENT REVERSAL
20060626	6152006	40085201	CITY OF RED OAK	0.00	70,000.00	PRINCIPAL CURTAILMENT
20060626	7012006	40086001	TAFT HOSPITAL DISTRICT	0.00	12,877.50	PAYMENT REC’D
System Credits 6/26					108,871.25
System Debits 6/26					-70,000.00
Bank Credits 6/26							70,000.00
Bank Credits 6/26							4,637.50
Bank Debits 6/26									71,881.25
Wire to Trustee 6/26								2,756.25
System Credits 6/27
System Debits 6/27
Bank Credits 6/27							108,871.25
Bank Debits 6/27									70,000.00
Wire to Trustee 6/27								38,871.25
20060628	7012006	40041501	TOWN OF GRAMBLING	0	2,230.62	PAYMENT REC’D

System Credits 6/28					2,230.62
System Debits 6/28
Bank Credit 6/28
Bank Debit 6/28
Wire to Trustee 6/28
20060629	7012006	40049302	CITY OF WAVELAND	0.00	52,741.25	PAYMENT REC’D
20060629	7012006	40079101	CHILDRESS GENERAL HOSPITAL	0.00	47,880.00	PAYMENT REC’D
System Credits 6/29					100,621.25
System Debits 6/29
Bank Credit 6/29							2,230.62
Bank Debit 6/29
Wire to Trustee 6/29
System Credits 6/30
System Debits 6/30
Bank Credits 6/30							100,621.25		5,041.92
Bank Debit 6/230
Wire to Trustee 6/30								97,805.03
20060630	7012006	40017601	RUBIDOUX COMMUNITY SERVICES DISTRICT	0.00	30,600.00	PAYMENT REC’D
20060630	7012006	40079801	CROSBY MUNICIPAL DISTRICT	0.00	3,037.50	PAYMENT REC’D
20060630	7012006	40079802	CROSBY MUNICIPAL DISTRICT	0.00	10,125.00	PAYMENT REC’D
System Credits 7/3/06					43,762.50
				0.00	363,789.70		526,977.60	313,563.37	218,455.95

GMAC Commercial Mortgage

Public Facilities Trust (HUD)

Paid In Full Loan Schedule

For the Period of January 1, 2006 through June 30, 2006

Loan Number	Payoff Date	Total Amount	Principal Amount	Interest Amount	Maturity Date
Loans Paid in Full at Maturity:
40039801	1-03-06	19,000.00	19,000.00	—	1-01-2006
40039503	3-29-06	20,412.50	20,000.00	412.50	4-01-2006
40062901	4-12-06	7,135.61	7,000.00	135.61	4-01-2006
40054002	5-30-06	7,140.00	7,000.00	140.00	6-01-2006
40054402	5-08-06	18,405.00	18,000.00	405.00	6-01-2006
40017601	6-06-30	30,600.00	30,000.00	600.00	7-01-2006
40072401	6-06-20	25,468.75	25,000.00	468.75	7-01-2006
40072402	6-06-26	4,075.00	4,000.00	75.00	7-01-2006
Total Paid at Maturity:		132,236.86	130,000.00	2,236.86
Loans Paid in Full Prior to Maturity:
40002902	2-24-06	58,710.00	57,000.00	1,710.00	4-01-2010
40083801	3-29-06	2,037.50	2,000.00	37.50	5-01-2006
40055401	4-18-06	10,200.00	10,000.00	200.00	6-01-2006
40079301	4-06-06	130,000.00	130,000.00	—	9-01-2009
40085201	6-06-26	70,000.00	70,000.00	—	6-15-2012
Total Paid Prior to Maturity:		270,947.50	269,000.00	1,947.50
Total Paid in Full:		403,184.36	399,000.00	4,184.36

* Please note that service fees have not yet been deducted.

GMAC Commercial Mortgage

Public Facilities Trust (HUD)

Summary of Partial Prepayments

For the Period of January 1, 2006 through June 30, 2006

Loan
Number Transaction Date Transaction
Amount Principal
Amount Interest Amount

GMAC Commercial Mortgage

Public Facilities Loan Trust (HUD)

Delinquency Report (60+ Days)

#REF!

GMACCM Loan Number	Borrower Name	Next Payment Due	P and I Due	Current UPB
40079301	CISCO HOSPITAL AUTHORITY	9/01/2005	34,000.00	160,000.00
40041201	CITY OF DONALDSONVILLE	10/01/2005	1,890.00	84,000.00
40070001	CITY OF ANTHEN	10/01/2005	5,287.50	185,287.50
40036703	CITY OF JACKS	11/1/2005	540.00	18,000.00
40005101	TOWN OF HELEN	12/1/2005	25,625.00	200,000.00
40030601	LAKE BLUFF PA	12/1/2005	26,000.00	52,000.00
	TOTAL:		93,342.50	699,287.50