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ast performance is not indicative of future results. 8 Source: -Failure to Act' by the American Society of Civil Engineers report 2017. 9 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 10 Prior to any Refinancing For summary purposes only. and qualified in its e
ure to Act' by the American Society of Civil Engineers report 2017. 9 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 10 Prior to any Refinancing For summary purposes only. and qualified in its entirety by the definitive Private Placement Memorandum o
2 mentions1 same-page
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I) t < o O g § i. co Z a ° ( S z SatOK MOM*, 1.4.0M•i• DONWO Camel COOS .75:116 Deb et MOO fr, SW* Budge, SflutCos' Olleulan 11 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 12 Source: The Trump Agenda: Dawn of a New infrastructure Era?' by Goldman Sac
NWO Camel COOS .75:116 Deb et MOO fr, SW* Budge, SflutCos' Olleulan 11 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 12 Source: The Trump Agenda: Dawn of a New infrastructure Era?' by Goldman Sachs, 2017. Confidential 12 February 2018 CONFIDENTIAL
2 mentions1 same-page
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ast performance is not indicative of future results. 8 Source: -Failure to Act' by the American Society of Civil Engineers report 2017. 9 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 10 Prior to any Refinancing For summary purposes only. and qualified in its e
ure to Act' by the American Society of Civil Engineers report 2017. 9 Source: American Legislative Exchange Council. October 2016. Data is based on State Budget Solutions' calculations. 10 Prior to any Refinancing For summary purposes only. and qualified in its entirety by the definitive Private Placement Memorandum o
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Mutual Connections (13)
Entities connected to both American Legislative Exchange Council and State Budget Solutions'
Cayman Islands
LOCATION2 w/ American·2 w/ State
Moody's
ORGANIZATION2 w/ American·2 w/ State
the European Private Infrastructure Business
ORGANIZATION2 w/ American·2 w/ State
RIN II
ORGANIZATION2 w/ American·2 w/ State
Project Finance and Infrastructure Assets
ORGANIZATION2 w/ American·2 w/ State
the American Society of Civil Engineers
ORGANIZATION2 w/ American·2 w/ State
RIN II Ltd.
ORGANIZATION2 w/ American·2 w/ State
Moody's Approach to
ORGANIZATION2 w/ American·2 w/ State
Australian Separate Account Business
ORGANIZATION2 w/ American·2 w/ State
the definitive Private Placement Memorandum
ORGANIZATION2 w/ American·2 w/ State
the Rating Agencies
ORGANIZATION2 w/ American·2 w/ State
the Collateral Obligations
ORGANIZATION2 w/ American·2 w/ State
Rating Agency
ORGANIZATION2 w/ American·2 w/ State