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AGENDA
MEETING OF THE
STATE BOARD OF ADMINISTRATION
(Contact Person: Dorothy Westwood - 488-4406)
THE CAPITOL
June 10, 1997
1. Approval of minutes of meeting held on
May 28, 1997. (Att. #1)
2. APPROVAL OF FISCAL SUFFICIENCY OF NOT EXCEEDING
$65,000,000 STATE OF FLORIDA, DEPARTMENT OF TRANSPORTATION ALLIGATOR
ALLEY REVENUE BONDS, SERIES 1997:
The Division of Bond Finance of the State
Board of Administration (the "Division"), on behalf
of the Department of Transportation, has submitted for approval
as to fiscal sufficiency a proposal to issue an amount Not Exceeding
$65,000,000 State of Florida, Department of Transportation Alligator
Alley Revenue Bonds, Series 1997 (the "Bonds") for the
purpose of financing, together with other available moneys, improvements
to the portion of Interstate 75 known as Alligator Alley. The
governing Board of the Division adopted the Authorizing Resolution
for the proposed bonds on December 10, 1996.
A study of this proposal and the estimates of revenue
expected to accrue from the pledged revenues 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)
3. SBA BUDGET FOR FISCAL YEAR 1997/1998:
The Executive Director recommends approval of a proposed
Operating Budget for fiscal year 1997/1998 for the Florida Hurricane
Catastrophe Fund that was deferred at the May 28, 1997 meeting.
4. INLAND PROTECTION FINANCING CORPORATION:
The Inland Protection Financing Corporation requests
that the Trustees, in their capacities as directors, hold a Board
of Directors meeting of the Inland Protection Financing Corporation.
This Corporation was created in Section 376.2075(a) by House
Bill 1127 during the 1996 legislative session. A board meeting
is necessary to discuss Item No. 6 from the November 19, 1996
meeting agenda. (Exhibit 1)
AGENDA
MEETING OF THE INLAND PROTECTION FINANCING CORPORATION
The Capitol
June 10, 1997
The Inland Protection Financing Corporation requests
that the Trustees, in their capacities as directors, hold a Board
of Directors meeting of the Inland Protection Financing Corporation.
This Corporation was created in Section 376.2075(a) by House
Bill 1127 during the 1996 legislative session. A board meeting
is necessary to discuss Item No. 6 from the November 19, 1996
meeting agenda.
1. The Executive Director will call Virginia Wetherell,
Secretary of the Department of Environmental Protection, and Keith
Carswell, Chairman of the Black Business Investment Board, to
the podium and requests the Governor to call the Board of Directors
meeting of the Corporation to order.
2. All the members of the Board of Directors being
present, motion and second that the Board of Directors
take the following action:
a. Approve selection of Trustee/Bond Registrar/Paying
Agent.
b. Direction to the Secretary to set out this action
in the Minutes of the Corporation.
3. There being no further business, motion
and second, and adjourn the meeting.
EXHIBIT 1