AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)
The Capitol
August 27, 2002

This meeting is open to the public.

1. Approval of minutes of the meeting of August 13, 2002.
(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $10,000,000 STATE OF FLORIDA, FLORIDA BOARD OF EDUCATION, FLORIDA ATLANTIC UNIVERSITY PARKING FACILITY REVENUE BONDS, SERIES 2002.

The bonds will be payable from revenues of the parking system at Florida Atlantic 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 the construction of a parking facility at the Boca Raton campus of the University.

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

(Recommend)

3. REPORT OF AWARD ON COMPETITIVE SALE OF $100,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2000 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 resolutions 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 13, 2002, and the bonds were awarded to the low bidder, Salomon Smith Barney Inc., which submitted a bid at an annual true interest cost rate of 4.7275%. The bonds are anticipated to be delivered on September 4, 2002.

A report of award and tabulation of bids is attached.

(Attachment #2)