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OFF-BALANCE SHEET ARRANGEMENTS
Off-balance sheet arrangements have not had – and are not
reasonably likely to have – a material effect on our current or
future financial condition, results of operations or cash flows.
Note 10: Consolidation of Variable Interest Earnings and Note
11: Real Estate in Process of Development and for Sale of
Notes to Consolidated Financial Statements contain our disclosures
of: • surety bonds; • letters of credit and guarantees; • lot purchase option contracts with and subordinated financing provided to unconsolidated variable interest entities; and • information regarding special purpose entities that we have consolidated. |