1. Approval of minutes of the meeting of December 16, 1997.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $225,000,000 STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION PRESERVATION 2000 REVENUE REFUNDING BONDS, SERIES 1998A.

The bonds will be secured primarily from revenues of certain excise taxes on documents required to be transferred to the Land Acquisition Trust Fund and certain earnings and investment income derived from the investment thereof. The bonds will not be secured by the full faith and credit of the State. The proceeds of the bonds will be used to refund certain outstanding Preservation 2000 Bonds.

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

(Recommend)

3. ADOPTION OF A RESOLUTION SELECTING BOND COUNSEL FOR STATE OF FLORIDA, LOTTERY BONDS.

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

(Recommend)

. REPORT OF AWARD OF $200,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 1996 SERIES B, 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 on October 9, 1997. Bids were received at the offices of the Division of Bond Finance at 11:00 a.m., January 7, 1998 and the bonds were awarded to the low bidder, Merrill Lynch & Co., which submitted a bid at an annual true interest cost rate of 4.9089%. The bonds are scheduled to be delivered on January 28, 1998.

A report of award and tabulation of bids is attached.

(Attachment #2)

5. REPORT OF AWARD OF THE COMPETITIVE SALE OF BONDS ISSUED ON BEHALF OF THE FLORIDA HOUSING FINANCE AGENCY:

(a) $11,550,000 FLORIDA HOUSING FINANCE AGENCY HOUSING REVENUE BONDS, 1997 SERIES I-1 (WENTWORTH APARTMENTS PROJECT) AND $1,010,000 FLORIDA HOUSING FINANCE AGENCY TAXABLE HOUSING REVENUE BONDS, 1997 SERIES I-2 (WENTWORTH APARTMENTS PROJECT)

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 offices of the Division at 10:30 a.m. on December 18, 1997, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 5.4379%. The bonds were delivered on December 29, 1997.

A report of award and tabulation of bids is attached.

(b) $18,750,000 FLORIDA HOUSING FINANCE AGENCY HOUSING REVENUE BONDS, 1997 SERIES J-1 (WILLOW LAKE APARTMENTS PROJECT) AND $1,830,000 FLORIDA HOUSING FINANCE AGENCY TAXABLE HOUSING REVENUE BONDS, 1997 SERIES J-2 (WILLOW LAKE APARTMENTS PROJECT)

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 offices of the Division at 10:45 a.m. on December 18, 1997, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 5.4480%. The bonds were delivered on December 29, 1997.

(c) $15,500,000 FLORIDA HOUSING FINANCE AGENCY HOUSING REVENUE BONDS, 1997 SERIES K-1 (BARRINGTON PLACE APARTMENTS PROJECT) AND $820,000 FLORIDA HOUSING FINANCE AGENCY TAXABLE HOUSING REVENUE BONDS, 1997 SERIES K-2 (BARRINGTON PLACE APARTMENTS PROJECT)

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 offices of the Division at 11:00 a.m. on December 18, 1997, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 5.4073%. The bonds were delivered on December 30, 1997.

A report of award and tabulation of bids is attached.

(Attachment #5)

(d) $14,380,000 FLORIDA HOUSING FINANCE AGENCY HOUSING REVENUE BONDS, 1997 SERIES L (SARAH’S PLACE APARTMENTS PROJECT)

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 offices of the Division at 11:15 a.m. on December 18, 1997, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 5.3761%. The bonds were delivered on December 30, 1997.