AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

November 10, 1998

This meeting is open to the public.

1. Approval of minutes of the meeting of October 13, 1998.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT

EXCEEDING $10,000,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF

FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 1998.

The bonds will be payable from the revenues of the parking system at the University after

deducting administrative expenses and operating expenses. The bonds will not be secured by the

full faith and credit of the State. The proceeds of the bonds will be used to finance parking

facilities at the University.

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

(Recommend)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT

EXCEEDING $8,800,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF

CENTRAL FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 1998.

The bonds will be payable from the revenues of the parking system at the University after

deducting administrative expenses and operating expenses. The bonds will not be secured by the

full faith and credit of the State. The proceeds of the bonds will be used to finance a parking

facility at the University.

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

(Recommend)

4. REPORT OF AWARD OF $240,200,000 STATE OF FLORIDA, FULL FAITH AND CREDIT,

STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS,

1997 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 a resolution adopted by the Governor and Cabinet. Bids were received at the

office of the Division of Bond Finance at 11:30 a.m., October 20, 1998 and the bonds were

awarded to the low bidder, Salomon Smith Barney Incorporated, which submitted a bid at an

annual true interest cost rate of 4.8534%. The bonds are scheduled for delivery on

November 10, 1998.

A report of award and tabulation of bids is attached.

(Attachment #2)