DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)

The Capitol

April 14, 1998

1. Approval of minutes of the meeting of March 24,1998.

(Attachment #1)

2. ADOPTION OF RESOLUTIONS ON BEHALF OF AND AT THE REQUEST OF THE

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (THE "AUTHORITY")

AUTHORIZING THE ISSUANCE AND NEGOTIATED SALE OF NOT EXCEEDING

$245,000,000 STATE OF FLORIDA, ORLANDO-ORANGE COUNTY EXPRESSWAY

AUTHORITY, JUNIOR LIEN REVENUE BONDS, SERIES OF 1998.

The bonds will be payable primarily from revenues of the Orlando-Orange County Expressway

System. The bonds will not be secured by the full faith and credit of the State of Florida. The

proceeds of the bonds will be used to partially finance the Authority's "Western Beltway Part A"

project, and to refund certain outstanding bonds of the Authority.

The bonds will be sold on a negotiated basis at the direction of the Authority.

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

(Recommend)