AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

January 26, 1999

This meeting is open to the public.

1. Approval of minutes of the meeting of December 8, 1998.

(Attachment #1)

2. REPORT OF AWARD OF $50,865,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 1998, 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 10:30 a.m., November 24, 1998 and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 4.7692%. The bonds were delivered on December 15, 1998.

A report of award and tabulation of bids is attached.

(Attachment #2)

3. REPORT OF AWARD OF $226,375,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY

REFUNDING BONDS, 1998 SERIES D, 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., December 15, 1998 and the bonds were awarded to the low bidder, Prudential Securities Incorporated, which submitted a bid at an annual true interest cost rate of 4.7868%. The bonds were delivered on January 7, 1999.

The refunding resulted in total gross savings of $22,068,361, average annual debt service savings of approximately $860,000 per year and present value debt service savings of $13,004,206.

A report of award and tabulation of bids is attached.

(Attachment #3)

4. REPORT OF AWARD OF $10,000,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 1998, 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 11:00 a.m., on January 7, 1999 and the bonds were awarded to the low bidder, First Union Capital Markets, which submitted a bid at an annual true interest cost rate of 4.5535%. The bonds are scheduled for delivery on January 28, 1999.

A report of award and tabulation of bids is attached.

(Attachment #4)