INDUSTRIAL DEVELOPMENT BONDS:

12 Months Ended

Dec. 31, 2016

INDUSTRIAL DEVELOPMENT BONDS:

INDUSTRIAL DEVELOPMENT BONDS:

NOTE 3—INDUSTRIAL DEVELOPMENT BONDS:

Industrial development bonds are due in 2027. The average floating interest rate, which is reset weekly, was 0.5% and 0.1% in 2016 and 2015, respectively. See Note 10 of the Company’s Notes to Consolidated Financial Statements for fair value disclosures.