NOTE 17 - SUCCESSOR AGENCY DISCLOSURES (CONTINUED)
| Year Ending June 30, | Principal | Interest | Total |
|---|
| 2026 | $ 5,710,000 | $ 2,979,956 | $ 8,689,956 |
| 2027 | 8,060,000 | 2,751,156 | 10,811,156 |
| 2028 | 4,790,000 | 2,531,319 | 7,321,319 |
| 2029 | 5,055,000 | 2,355,872 | 7,410,872 |
| 2030 | 5,975,000 | 2,152,219 | 8,127,219 |
| 2031-2034 | 26,060,000 | 6,169,013 | 32,229,013 |
| 2035-2039 | 21,420,000 | 1,738,463 | 23,158,463 |
| 2040-2042 | 2,015,000 | 130,794 | 2,145,794 |
| Total | $ 79,085,000 | $ 20,808,792 | $ 99,893,792 |
On January 31, 2017, the Successor Agency issued the 2017H-A Bonds, in the principal amount of $7,365,000. The proceeds from the 2017H-A Bonds were used to refund the 2002 Housing Bonds and pay certain costs associated with the issuance of the bonds.
Interest rates on the bonds vary from 2.00% to 5.00% per annum payable semi-annually on April 1 and October 1, commencing April 1, 2017, with principal maturing annually on October 1. As of June 30, 2025, the outstanding principal balance on the bonds is $4,095,000.
The future debt service requirements on the 2017 Series H-A Tax Allocation Refunding Bonds are as follows:
Year Ending
| Year Ending
June 30, | Principal | Interest | Total |
|---|
| 2026 | $ 505,000 | $ 168,394 | $ 673,394 |
| 2027 | 525,000 | 142,644 | 667,644 |
| 2028 | 555,000 | 115,644 | 670,644 |
| 2029 | 585,000 | 87,144 | 672,144 |
| 2030 | 615,000 | 57,144 | 672,144 |
| 2031-2032 | 1,310,000 | 42,497 | 1,352,497 |
| Total | $ 4,095,000 | $ 613,467 | $ 4,708,467 |