Cabinet Affairs

AGENDA

MEETING OF THE

STATE BOARD OF ADMINISTRATION

(Contact Person: Dorothy Westwood - 488-4406)

THE CAPITOL

December 4, 1997

1. Approval of minutes of meeting held on November 18, 1997. (Att. #1)

2. APPROVAL OF FISCAL SUFFICIENCY OF NOT EXCEEDING $11,800,000 STATE OF FLORIDA, DEPARTMENT OF MANAGEMENT SERVICES, FLORIDA FACILITIES POOL REVENUE BONDS, SERIES 1998A:

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 $11,800,000 State of Florida, Department of Management Services, Florida Facilities Pool Revenue Bonds, Series 1998A, (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 Nineteenth Supplemental Revenue Bond Resolution for the proposed Bonds will be approved by the Governing Board of the Division on December 4, 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)

3. REPORTS BY THE EXECUTIVE DIRECTOR:

Submitted for information and review are the investment performance and fund balance analysis for the month of October 1997. (Att. #3)