The Governor and Cabinet - Florida Department of State

AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

March 13, 2001

This meeting is open to the public.

1. Approval of minutes of the meeting of February 6, 2001.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE DISTRIBUTION OF A SOLICITATION DOCUMENT AND THE AWARD OF A MASTER EQUIPMENT FINANCING AGREEMENT IN CONNECTION WITH THE STATE OF FLORIDA, OFFICE OF THE COMPTROLLER, CONSOLIDATED EQUIPMENT FINANCING PROGRAM.

The Division of Bond Finance will competitively offer and award, and the Comptroller will execute, a master equipment financing agreement to finance the equipment needs of State agencies. Equipment may be acquired over a maximum period of three years, with the repayment term not to exceed five (5) years. Payments under the master equipment financing agreement will be made solely from amounts appropriated for such purposes annually. The master equipment financing agreement will not be 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)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $14,580,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES A.

The bonds will be payable primarily from motor vehicle license taxes and will additionally be secured by the full faith and credit of the State. The proceeds of the bonds will be used to finance capital outlay projects for certain school and community college districts.

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

(Recommend)

4. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $7,770,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF CENTRAL FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 2001.

The bonds will be payable from the revenues of the parking 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 parking facilities at the University.

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

(Recommend)

Division of Bond Finance

Page-Two March 13, 2001

5. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $11,000,000 STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA STATE UNIVERSITY PARKING FACILITY REVENUE BONDS, SERIES 2001.

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

(Recommend)

6. REPORT OF AWARD OF $200,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, SERIES 2001A 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 February 22, 2001, and the bonds were awarded to the low bidder, J.P. Morgan Securities Inc., which submitted a bid at an annual true interest cost rate of 4.7579%. The bonds were delivered on March 12, 2001.

A report of award and tabulation of bids is attached.

(Attachment #2)

7. REPORT OF AWARD OF $9,000,000 STATE OF FLORIDA, BOARD OF REGENTS, FLORIDA STATE UNIVERSITY HOUSING FACILITY REVENUE BONDS, SERIES 2001 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 1, 2001, and the bonds were awarded to the low bidder, William R. Hough & Co., which submitted a bid at a true interest cost rate of 4.9953%. The bonds are scheduled to be delivered March 21, 2001.

A report of award and tabulation of bids is attached.

(Attachment #3)