Cabinet
Affairs |
AGENDA
MEETING OF THE STATE BOARD OF ADMINISTRATION
(Contact Person: Dorothy Westwood - 488-4406)
THE CAPITOL April 29, 1997
- Approval of minutes of meeting held on April 15, 1997. (Att.
#1)
- APPROVAL OF FISCAL SUFFICIENCY OF NOT EXCEEDING $13,400,000
STATE OF FLORIDA, DEPARTMENT OF MANAGEMENT SERVICES, DIVISION
OF FACILITIES MANAGEMENT FLORIDA FACILITIES POOL REVENUE BONDS,
SERIES 1997A: The Division of Bond Finance of the State Board
of Administration (the "Division") has submitted for
approval as to fiscal sufficiency a proposal to issue an amount
Not Exceeding $13,400,000 State of Florida, Department of Management
Services, Division of Facilities Management Florida Facilities
Pool Revenue Bonds, Series 1997A (the "Bonds") on behalf
of the Division of Facilities Management of the Department of
Management Services. The Bonds are being issued for the purpose
of paying certain costs of issuance and to pay all or a portion
of the cost of certain facilities, as detailed in the bond documents,
to be leased in whole or in part to state agencies. It is anticipated
the Eighteenth Supplemental Revenue Bond Resolution for the proposed
Bonds will be approved by the Governing Board of the Division
on April 29, 1997. A study of this proposal and the estimates
of revenue and other available moneys expected to accrue indicate
that the proposed Bonds are fiscally sufficient and that the proposal
will be executed pursuant to the applicable provisions of law.
RECOMMENDATION: It is recommended that the Board approve the fiscal
sufficiency of the proposal outlined above. (Att. #2) REPORTS
BY THE EXECUTIVE DIRECTOR:
- Submitted for information and review are the investment performance
and fund balance analysis for the month of March 1997. (Att. #3)
