b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 5.CERTAINDISCLOSURESRELATEDTODEBT,INCLUDINGDIRECTBORROWINGSANDDIRECT PLACEMENTS (continued) (a) Airport Revenue Bonds, Series 2001A (Non-AMT) and Series 2001B (AMT) (continued)InNovember2010,theCommissionapprovedaresolutionfortheinterestratereductionagreement of the 2001A and the 2001B Series Bonds issued through the VRA. The bonds wererefinanced effective August 23, 2011. The 2001A Series Bonds bear interest at 3.11% and the2001B Series Bonds bear interest at 3.28%.Total savings in interest over the remaining life of thebonds will be approximately $2.8 million.The monthly principal and interest payments on theSeries 2001A and Series 2001B are respectively $138,908 and $115,275.In March 2021, the Commission approved a resolution for the interest rate reduction agreementof the 2001A and the redemption of the 2001B Series Bonds issued through the VRA.The 2001ASeries bonds were refinanced effective June 24, 2021.The bonds bear interest at 0.685%.Totalsavings in interest over the remaining life of the 2001A Series bonds will be approximately $321thousand.The monthly principal and interest payments on the Series 2001A bonds are $132,290.On June 24, 2021, the Series 2001B bonds were paid off with a payment of $5,891,466 ($5,879,146principal and $12,320 interest). Total savings in interest is $461,000.(b) Revenue Refunding Bonds, Series 2013AOn April 24, 2013, the Commission issued Airport Revenue Refunding Bonds Series 2013A in theamountof$21,870,000,securedbyanAirportRevenueBondResolutionadoptedbytheCommissionNovember21,1984,asamendedandsupplemented,includingaTwelfthSupplementalBondResolutionadoptedbytheCommissiononFebruary26,2013.Thenetproceeds of the bonds were combined with other available resources to establish an irrevocabletrusttoeffectivelydefeasetheoutstandingprincipalamountofthe2005ARevenueBondsmaturing on July 1 in the years 2016 through 2025 totaling $22,955,000. Principal payments aredue each year on July 1 starting in 2014 through 2025. Interest on the bonds is payable semi-annually each January 1 and July 1. The estimated net present value savings is $1,929,000.As aresult of the refunding, total debt service payments decreased by $2,181,934 resulting in aneconomic gain of $1,929,376. On August 11, 2021, $500,000 of the 2013A bonds was refundedwith the issuance of 2021B refunding bonds.(c) Airport Revenue Bonds, Series 2016AThe Commission issued Airport Revenue Refunding Bond Series 2016A on June 1, 2016, in theamount of $39,305,000. The bonds were issued under and secured by the Airport Revenue BondResolutionadoptedbytheCommissiononNovember2I,I984(the"MasterResolution"),asamendedandsupplementedfrom timeto time,includingaThirteenthSupplementalBondResolutionadoptedbytheCommissiononApril26,2016(the"ThirteenthSupplementalResolution," and together with the Master Resolution, the "Bond Resolution"). The Commissionused the net proceeds of the Series 2016A Bonds, together with other funds of the Commission,to refund a portion of its Airport Revenue Bonds, Series 2008A, to fund a debt service reservesubaccount for the Series 2016A Bonds, and to pay certain costs of their issuance. The Series2016A Bonds bear a variable interest rate from 3% to 5%. Interest is payable on each January 1and July 1 until maturity or earlier redemption. Principal payments began on July 1, 2019.The35'