AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)
The Capitol
August 14, 2001
This meeting is open to the public.

1. Approval of minutes of the meeting of June 26, 2001.
(Attachment #1)

2. ADOPTION OF (1) THE TWENTY-FIRST SUPPLEMENTAL AUTHORIZING RESOLUTION TO THE MASTER AUTHORIZING RESOLUTION ADOPTED ON JULY 21, 1992, AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $300,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY REFUNDING BONDS (ONE OR MORE SERIES) AND (2) A RESOLUTION AUTHORIZING THE NEGOTIATED SALE OF NOT EXCEEDING $300,000,000 OF THE BONDS.

The Twenty-first Supplemental Authorizing Resolution supplements the Public Education Capital Outlay Bond Master Resolution adopted by the Division of Bond Finance on July 21, 1992, and contains the authorization for bonds necessary to refinance a portion of certain outstanding Public Education Capital Outlay Bonds.
The bonds will be payable primarily from gross receipts taxes, and will be additionally secured by the full faith and credit of the State.

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

(Recommend)

3. ADOPTION OF 1) THE TWENTY-SECOND SUPPLEMENTAL AUTHORIZING RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $659,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES, AND OF 2) A RESOLUTION AUTHORIZING THE COMPETITIVE SALE AND DELIVERY OF NOT EXCEEDING $250,000,000 OF STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES C (THE “BONDS”).

The Twenty-second Supplemental Authorizing Resolution supplements the Public Education Capital Outlay Bond Master Resolution adopted by the Division of Bond Finance on July 21, 1992, and contains the authorization for bonds necessary to finance public education capital outlay projects authorized during the 2001 legislative session. The bonds will be payable from gross receipts taxes, and will be additionally secured by the full faith and credit of the State. The proceeds of the bonds will
be used to finance capital outlay projects for school and community college districts and the State University System.

Division of Bond Finance
Page-Two August 14, 2001

The Bonds will be the first series of bonds sold pursuant to the Twenty-second Supplemental Authorizing Resolution.

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

(Recommend)

4. REPORT OF AWARD OF $225,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, SERIES 2001B 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 10:00 a.m. on July 17, 2001, and the bonds were awarded to the low bidder, Salomon Smith Barney, which submitted a bid at an annual true interest cost rate of 4.7592%. The bonds were delivered on August 7, 2001.

A report of award and tabulation of bids is attached.

(Attachment #2)

5. CALL MEETING OF THE FLORIDA WATER POLLUTION CONTROL FINANCING CORPORATION:

TO REPORT THE NEGOTIATED SALE OF THE $50,000,000 FLORIDA WATER POLLUTION CONTROL FINANCING CORPORATION WATER
POLLUTION CONTROL REVENUE BONDS, SERIES 2001 (THE “BONDS”).