AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

November 9, 1999

This meeting is open to the public.

1. Approval of minutes of the meeting of October 26, 1999.
   (Attachment #1)
2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $28,730,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF CENTRAL FLORIDA HOUSING FACILITY REVENUE BONDS, SERIES 1999.
   
   The bonds will be payable from the revenues of the housing system at the University. 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 housing facility at the University.
   
   Copies of the resolution may be obtained from the Division of Bond Finance upon request.
   
   (Recommend)
3. ADOPTION OF A RESOLUTION SELECTING FINANCIAL ADVISORS FOR THE DIVISION OF BOND FINANCE.
   
   Copies of the resolution may be obtained from the Division of Bond Finance upon request.
   
   (Recommend)
4. REPORT OF AWARD OF $200,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 1999 SERIES C, 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., October 26, 1999 and the bonds were awarded to the low bidder, Merrill Lynch & Co., which submitted a bid at an annual true interest cost rate of 5.9245%. The bonds are scheduled for delivery on November 16, 1999.
   
   A report of award and tabulation of bids is attached.
   
   (Attachment #2)