the company entered into agreements with various governmental entities in the states of kentucky , georgia and tennessee to implement tax abatement plans related to its distribution center in franklin , kentucky ( simpson county ) , its distribution center in macon , georgia ( bibb county ) , and its store support center in brentwood , tennessee ( williamson county ) . the tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds . this property was then leased back to the company . no cash was exchanged . the lease payments are equal to the amount of the payments on the bonds . the tax abatement period extends through the term of the lease , which coincides with the maturity date of the bonds . at any time , the company has the option to purchase the real property by paying off the bonds , plus $ 1 . the terms and amounts authorized and drawn under each industrial revenue bond agreement are outlined as follows , as of december 30 , 2017 : bond term bond authorized amount ( in millions ) amount drawn ( in millions ) .

Table:
 | bond term | bond authorized amount ( in millions ) | amount drawn ( in millions )
franklin kentucky distribution center | 30 years | $ 54.0 | $ 51.8
macon georgia distribution center | 15 years | $ 58.0 | $ 49.9
brentwood tennessee store support center | 10 years | $ 78.0 | $ 75.3
due to the form of these transactions , the company has not recorded the bonds or the lease obligation associated with the sale lease-back transaction .
the original cost of the company 2019s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life .
capitalized software costs the company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software , which is three to five years .
computer software consists of software developed for internal use and third-party software purchased for internal use .
a subsequent addition , modification or upgrade to internal-use software is capitalized to the extent that it enhances the software 2019s functionality or extends its useful life .
these costs are included in computer software and hardware in the accompanying consolidated balance sheets .
certain software costs not meeting the criteria for capitalization are expensed as incurred .
store closing costs the company regularly evaluates the performance of its stores and periodically closes those that are under-performing .
the company records a liability for costs associated with an exit or disposal activity when the liability is incurred , usually in the period the store closes .
store closing costs were not significant to the results of operations for any of the fiscal years presented .
leases assets under capital leases are amortized in accordance with the company 2019s normal depreciation policy for owned assets or over the lease term , if shorter , and the related charge to operations is included in depreciation expense in the consolidated statements of income .
certain operating leases include rent increases during the lease term .
for these leases , the company recognizes the related rental expense on a straight-line basis over the term of the lease ( which includes the pre-opening period of construction , renovation , fixturing and merchandise placement ) and records the difference between the expense charged to operations and amounts paid as a deferred rent liability .
the company occasionally receives reimbursements from landlords to be used towards improving the related store to be leased .
leasehold improvements are recorded at their gross costs , including items reimbursed by landlords .
related reimbursements are deferred and amortized on a straight-line basis as a reduction of rent expense over the applicable lease term .
note 2 - share-based compensation : share-based compensation includes stock option and restricted stock unit awards and certain transactions under the company 2019s espp .
share-based compensation expense is recognized based on the grant date fair value of all stock option and restricted stock unit awards plus a discount on shares purchased by employees as a part of the espp .
the discount under the espp represents the difference between the purchase date market value and the employee 2019s purchase price. .

Question: as of december 312017 what was the percent of the amount drawn to the amount authorized for the franklin kentucky distribution center
Answer: 95.9%
Calculation: divide(51.8, 54.0)