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DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION (Contact
person: J. Ben Watkins III - 488-4782) This meeting is open to the public. 1.
Approval of minutes of the meeting of December 18, 2001. 2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $300,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, VARIOUS SERIES. The bonds will be payable from revenues of the Florida Lottery. 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 capital outlay projects for school districts. Copies of the resolution may be obtained from the Division of Bond Finance. (Recommend) 3. REPORT OF AWARD ON THE COMPETITIVE SALE OF $75,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES C, 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 December 19, 2001, and the bonds were awarded to the low bidder, Banc of America Securities LLC, which submitted a bid at an annual true interest cost rate of 5.1734%. The bonds were delivered on January 15, 2002. A report of award and tabulation of bids is attached. (Attachment #2) 4. REPORT OF AWARD ON THE COMPETITIVE SALE OF $31,285,000 STATE OF FLORIDA, FLORIDA BOARD OF EDUCATION, UNIVERSITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2001, TO THE LOW BIDDER FOR SUCH BONDS.
A report of award and tabulation of bids is attached. (Attachment #3) 5. REPORT OF AWARD ON THE COMPETITIVE SALE OF $223,210,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES G, 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 resolutions adopted by the Governor and Cabinet. Bids were received at the office of the Division of Bond Finance at 12:00 noon on January 23, 2002, and the bonds were awarded to the low bidder, Merrill Lynch & Co., which submitted a bid at an annual true interest cost rate of 4.7144%. The bonds will be delivered on February 25, 2002. Of the $223,210,000 bonds sold, $125,000,000 (56%) will be used to provide funds for capital outlay projects for the system of public education for the State, while $98,210,000 (44%) will be used to refund certain outstanding bonds. The refunding will result in gross debt service savings of $8,042,973 and present value debt service savings of $5,535,363. A report of award and tabulation of bids is attached. (Attachment #4) 6. REPORT OF AWARD ON THE COMPETITIVE SALE OF $25,500,000 STATE OF FLORIDA, FLORIDA BOARD OF EDUCATION, FLORIDA STATE UNIVERSITY HOUSING FACILITY 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 January 9, 2002, and the
bonds were awarded to the low bidder, Merrill Lynch & Co., which
submitted a bid at a true interest cost rate of 4.9812%. The bonds
were delivered on January 24, 2002. (Attachment
#5) |
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