AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

April 24, 2001

This meeting is open to the public.

1. Approval of minutes of the meeting of April 10, 2001.

(Attachment #1)

2. ADOPTION OF THE DEBT MANAGEMENT POLICY PREPARED BY THE DIVISION OF BOND FINANCE.

The policy is intended to provide guidance on the issuance of debt by the State by setting forth parameters regarding purposes for which debt can be sold, the types of debt permissible and how it will be sold, and associated debt structural features. The policy also requires the preparation of a debt affordability study.

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

(Recommend)

3. REPORT OF AWARD OF A MASTER EQUIPMENT FINANCING AGREEMENT FOR THE STATE OF FLORIDA, OFFICE OF THE COMPTROLLER, CONSOLIDATED EQUIPMENT FINANCING PROGRAM, TO THE LOW BIDDER THEREFOR.

The Division of Bond Finance was authorized to distribute a solicitation document and to award a Master Equipment Financing Agreement in connection with the program, by a resolution adopted by the Governor and Cabinet. Proposals were received at the offices of the Division of Bond Finance at 4:00 p.m., April 2, 2001. Technical review was completed on April 9, and price proposals were tabulated on April 10, 2001. Imperial Bank Equipment Leasing Division was selected as low bidder with a bid at an annual true interest cost rate of 4.3439%. The Master Equipment Financing Agreement is expected to be executed prior to May 1, 2001.

A report of award and tabulation of bids is attached.