AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)
The Capitol

July 25, 2000

This meeting is open to the public.

1. Approval of minutes of the meeting of June 13, 2000.

(Attachment #1)

2. ADOPTION OF 1) THE TWENTIETH SUPPLEMENTAL AUTHORIZING RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $428,300,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2000 SERIES, AND OF 2) A RESOLUTION AUTHORIZING THE COMPETITIVE SALE AND DELIVERY OF NOT EXCEEDING $220,000,000 OF STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2000 SERIES [LETTER DESIGNATION(S) TO BE DETERMINED] (THE "BONDS").

The Twentieth Supplemental Authorizing Resolution supplements the Public Education Capital Outlay Bond Master Resolution adopted by the Division of Bond Finance on July 21, 1992, and contains the authorization for bonds necessary to finance public education capital outlay projects authorized during the 2000 legislative session. The bonds will be payable from gross receipts taxes, and will be additionally secured by the full faith and credit of the State. The proceeds of the bonds will be used to finance capital outlay projects for school and community college districts and the State University System.

The Bonds will be the first series of bonds sold pursuant to the Twentieth Supplemental Authorizing Resolution.

Copies of the resolutions may be obtained from the Division of Bond Finance upon request.

(Recommend)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $7,770,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF CENTRAL FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 2000.

The bonds will be payable from revenues of the parking system at the University of Central Florida. The bonds are not secured by the full faith and credit of the State of Florida. The proceeds of the bonds will be used to finance the construction of a parking facility at the University of Central Florida.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)

Division of Bond Finance

Page-Two July 25, 2000

4. ADOPTION OF RESOLUTIONS (1) AMENDING AND RESTATING THE STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA STATE UNIVERSITY HOUSING FACILITY REVENUE BONDS ORIGINAL AUTHORIZING RESOLUTION ADOPTED ON NOVEMBER 17, 1992; AND (2) AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $9,000,000 STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA STATE UNIVERSITY HOUSING FACILITY REVENUE BONDS, SERIES 2000.

(1) The Restated Original Resolution incorporates changes made since 1992, adds a facility to the University=s Housing System, and revises the bond description portion of the resolution to make it applicable to all parity bonds.

(2) The bonds will be payable from the revenues of the University=s housing system. The bonds will not be secured by the full faith and credit of the State. The proceeds of the bonds will be used to finance the construction and renovation of a student housing facility on the campus of Florida State University in Tallahassee.

Copies of the resolutions may be obtained from the Division of Bond Finance upon request.

(Recommend)

5. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $24,400,000 STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA ATLANTIC UNIVERSITY HOUSING REVENUE BONDS, SERIES 2000.

The bonds will be payable from the revenues of the housing system at the University. The bonds will not be secured by the full faith and credit of the State. The proceeds of the bonds will be used to finance housing facilities at the University.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)

6. REPORT OF AWARD OF $30,695,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF FLORIDA HOUSING REVENUE BONDS, SERIES 2000 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 June 7, 2000, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at a true interest cost rate of 5.7671%. The bonds were delivered on June 28, 2000.

A report and tabulation of bids received is attached.

(Attachment #2)