text: **Guarantees of Subsidiary Debt**
  
  The Company has guaranteed the tax-exempt bonds of its subsidiaries. If a subsidiary fails to meet its 
  obligations associated with tax-exempt bonds as they come due, the Company will be required to perform 
  under the related guarantee agreement. No additional liability has been recorded for these guarantees because 
  the underlying obligations are reÖected in the Company's Consolidated Balance Sheets. (For further 
  information, see Note 5, Debt). 