1. Approval of minutes of the meeting of January 21, 1998.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $375,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, CAPITAL OUTLAY BONDS, 1998 SERIES A.

The bonds will be payable primarily from motor vehicle license taxes and will additionally be secured by the full faith and credit of the State. The proceeds of the bonds will be used to finance capital outlay projects for certain school and community college districts.

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

(Recommend)

3. REPORT OF AWARD OF $11,675,000 STATE OF FLORIDA, DEPARTMENT OF MANAGEMENT SERVICES, FLORIDA FACILITIES POOL REVENUE BONDS, SERIES 1998A, 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 a resolution adopted by the Governor and Cabinet. Bids were received at the offices of the Division at 11:00 a.m. on January 15, 1998, and the bonds were awarded to the low bidder, First Union Capital Markets Corp., which submitted a bid at an annual true interest cost rate of 4.8127%. The bonds were delivered on February 5, 1998.

A report of award and tabulation of bids is attached.

(Attachment #2)