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AGENDA 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 February 27, 2002. 2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $26,070,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, CAPITAL OUTLAY BONDS, 2002 SERIES A. The bonds will be payable from motor vehicle license 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 certain school and community college districts. 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 $208,300,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2000 SERIES B. 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 resolution also ratifies a resolution adopted on July 25, 2000 which authorized the competitive sale of $220,000,000 in bonds, of which $200,000,000 has been issued. The remaining $20,000,000, plus the current authorization of $208,300,000, results in a total sale authorization of up to $228,300,000 in bonds. The bonds will be the second series of bonds sold pursuant to the Twentieth Supplemental Authorizing Resolution. Copies of the resolution may be obtained from the Division of Bond Finance upon request. (Recommend) 4. REPORT OF AWARD ON THE COMPETITIVE SALE OF $88,075,000 STATE OF FLORIDA, TAMPA-HILLSBOROUGH COUNTY EXPRESSWAY AUTHORITY REVENUE BONDS, SERIES 2002, 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 resolution adopted by the Governor and Cabinet. Bids were received at the office of the Division of Bond Finance at 12:00 noon, February 21, 2002, and the bonds were awarded to the low bidder, Morgan Stanley, Dean Witter, which submitted a bid at an annual true interest cost rate of 5.0943%. The bonds were delivered on Thursday, March 14, 2002. A report of award and tabulation of bids is attached. (Attachment #2)
Division
of Bond Finance 5. REPORT OF AWARD OF $150,000,000 STATE OF FLORIDA, DEPARTMENT OF ENVIRONMENTAL PROTECTION FLORIDA FOREVER REVENUE BONDS, SERIES 2002A 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 7, 2002, and the bonds were awarded to the low bidder, UBS PaineWebber Inc., which submitted a bid at an annual true interest cost rate of 4.6914%. The bonds were delivered on March 28, 2002. A report of award and tabulation of bids is attached. (Attachment
#3) The amendatory resolution requires that excess reserve fund moneys arising from the use of a surety bond to satisfy the debt service reserve requirement for Preservation 2000 or Florida Forever bonds be used only for purposes consistent with the Florida Constitution authorizing the Preservation 2000 and Florida Forever bond programs. Copies of the resolution may be obtained from the Division of Bond Finance upon request. (Recommend) |
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