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3 in the market. Everyone said it was high, and as we move into 1980 it would get better, and everything I read about it in the WALL STREET JOURNAL and BOND BUYER and places we (inaudible). The fact of the matter is that since last August when the Bond Buyer's Index - which are 20-year bonds of "A" rated or better was at 6.23. In October it was 7.18: in November, a 7.38, and it fluctuated through that area all during the later part of October, November and December. As we moved into January - and those of you who follow prime interest rates and what have you - it jumped from January 24 to February to 7.71, and the following week 7.75. February 23 it was 8.26 and last Thursday at 8.94. That means (inaudible) problems that the interest rates are (inaudible) higher than we have had before plus we're bound by the ceiling of interest rates that municipalities can pay. Our bond code limits us to 7%, except for industrial revenue bonds or hospital bonds, and the assessment charges that we can charge people for unpaid assessments has been limited to 8%. In the last two or three months there have been communities that have been unable to sell their bonds, so all improvements will have to be conditioned on financing whether you do it internally or depend on bond issues. We have sold in the past over a 20-year period if the market so indicated, or temporary improvement bonds for a three year period. Hopefully the people can prepay as much as they can, and we then sell definitive bonds. Between the two we have been able to get by over the last number of years. Since October, many communities have not been able to sell even three-year paper. In other words, the 7% was not attractive enough. The Minneapolis School District wanted to sell a $28 million issue last week. They normally would have gotten less than 7%, but they took it off the market. St. Paul had a 20-year issue a week ago and got no bids, which means the interest rates would have to be over 7%. In those communities in Wisconsin where there is no limit, the normal 20-year bonds are going to 9% to ten-and-a-half percent which is a very high interest rate, but looking at it over a normal view, it's competitive today. The prime rate is in the upper 17% range. Last Monday 60-dayC/D's at the First National Bank were sixteen-and-a-half percent. Today I had a school district business manager in, and they were investing at seventeen-and-a-quarter on six-month C/D's. The banks are paying the 17% out (inaudible) so while we may go ahead and discuss the improvements, most communities now will not award the construction bids. They will take the bids but will have them hold firm for 60 days or so, and at that time we determine whether we can sell the bonds or how we can finance the improvements. Even if you order the improvements tonight, we will still have to get construction bids and then determine if we can do the financing.