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AGENDA
DIVISION
OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION
(Contact
person: J. Ben Watkins III - 488-4782)
The
Capitol
March
28, 2000
This
meeting is open to the public.
- Approval
of minutes of the meeting of March 14, 2000.
(Attachment
#1)
- ADOPTION
OF RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $300,000,000
STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, VARIOUS
SERIES.
The proceeds
of the bonds will be used to finance capital outlay projects for school
districts. The resolution also authorizes the Division to publish
a notice of bond sale for the bonds, authorizes the preparation and
execution of a preliminary and final official statement, and provides
certain other details and authorizations in connection with the sale
and issuance of the bonds.
The bonds
will be payable primarily from revenues of the Florida Lottery. The
bonds are not secured by the full faith and credit of the State.
Copies
of the resolution may be obtained from the Division of Bond Finance
upon request.
(Recommend)
- REPORT
OF AWARD OF $125,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION
LOTTERY REVENUE BONDS, SERIES 2000A TO THE LOW BIDDER FOR SUCH BONDS.
The Division
of Bond Finance was authorized to receive bids for these bonds, and
award them to the low bidder, by a resolution adopted by the Governor
and Cabinet. Bids were received at the office of the Division of Bond
Finance at 11:00 a.m. on March 9, 2000, and the bonds were awarded
to the low bidder, Lehman Brothers, which submitted a bid at an annual
true interest cost rate of 5.4875%. The bonds are scheduled for delivery
on March 30, 2000.
A report
of award and tabulation of bids is attached.
(Attachment
#3)
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