AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

September 26, 2000

This meeting is open to the public.

1. Approval of minutes of the meeting of July 25, 2000.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $100,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ACQUISITION AND BRIDGE CONSTRUCTION BONDS.

The bonds will be payable primarily from motor fuel and special fuel taxes, and shall additionally be secured by the full faith and credit of the State of Florida. The bonds will be issued to finance the cost of acquiring real property or the rights to real property for state roads, or to finance the cost of state bridge construction.

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

3. REPORT OF AWARD OF $150,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, SERIES 2000C 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 July 18, 2000, and the bonds were awarded to the low bidder, Salomon Smith Barney, which submitted a bid at an annual true interest cost rate of 5.3089%. The bonds were delivered on August 8, 2000.

A report of award and tabulation of bids is attached.

(Attachment #2)

4. REPORT OF AWARD OF $200,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2000 SERIES A, 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 11:30 a.m., on August 16, 2000, and the bonds were awarded to the low bidder, Lehman Brothers, which submitted a bid at an annual true interest cost rate of 5.4318%. The bonds were delivered on September 13, 2000.

A report of award and tabulation of bids is attached.

(Attachment #3)

Division of Bond Finance

Page-Two September 26, 2000

5. REPORT OF AWARD OF $24,400,000 STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA ATLANTIC UNIVERSITY 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 September 13, 2000, and the bonds were awarded to the low bidder, William R. Hough & Co., which submitted a bid at a true interest cost rate of 5.3756%. The bonds will be delivered October 4, 2000.

A report of award and tabulation of bids is attached.

(Attachment #4)