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      <TotalAssets>
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      <DeferredRevenue>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalNetAssetsFundBalances>
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        <EOY>12974016</EOY>
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      <TotalLiabNetAssetsFundBalances>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
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      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
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    </IRS990>
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        </ContributorNameBusiness>
        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <Equipment>
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      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>22509356</TotalOfBookValueLandBuildings>
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      <RevenueSubtotal>13796800</RevenueSubtotal>
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      <TotalRevenuePerForm990>13796800</TotalRevenuePerForm990>
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      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>12588265</ExpensesSubtotal>
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      <TotalExpensesPerForm990>12588265</TotalExpensesPerForm990>
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    <IRS990ScheduleE documentId="RetDoc1040400001">
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      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
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      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>SCHOOL PUBLICATIONS WHICH MAY BE INSPECTED ON THE SCHOOL'S PREMISES OR WEBSITE.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
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        <GrossRevenueEvent1>750887</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>50372</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>750887</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>750887</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>50372</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>50372</DirectExpenseSummaryEvents>
        <NetIncomeSummary>700515</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
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      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
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      <InitialContractException>0</InitialContractException>
    </IRS990ScheduleJ>
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      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>BERGEN COUNTY IMPROVEMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>223562468</IssuerEIN>
        <DateIssued>2009-12-01</DateIssued>
        <IssuePrice>10200000</IssuePrice>
        <DescriptionOfPurpose>PURCHASE AND RENOVATION OF A BUILDING</DescriptionOfPurpose>
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      <Form990ScheduleKPartI>
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        <IssuerName>
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        </IssuerName>
        <IssuerEIN>223562468</IssuerEIN>
        <DateIssued>2010-04-19</DateIssued>
        <IssuePrice>1800000</IssuePrice>
        <DescriptionOfPurpose>PURCHASE AND RENOVATION OF A BUILDING</DescriptionOfPurpose>
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        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
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      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
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      </Form990ScheduleKPartII>
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        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
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        <NoRebateDue>0</NoRebateDue>
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        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
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        <WrittenProcToMonitorReqs>0</WrittenProcToMonitorReqs>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
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        <NoRebateDue>0</NoRebateDue>
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        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
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      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE 990 IS REVIEWED BY THE VP LEGAL AND TREASURER, BOTH MEMBERS OF THE EXECUTIVE BOARD, AND SHOWN TO THE PRESIDENT FOR SIGNATURE, BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE ORGANIZATION REGUARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTERST POLICY THROUGH FREQUEST BOARD MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15A</ReturnReference>
        <Explanation>THE COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR AND/OR TOP MANAGEMENT OFFICAL IS DISCUSSED AT EXECUTIVE COMMITTEE MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE ONLY UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>