AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

     The Capitol

  May 28, 2003

This meeting is open to the public.

1.            Approval of minutes of the meeting of May 13, 2003.

(Attachment #1)

2.            ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $44,630,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION CAPITAL OUTLAY BONDS, 2003 SERIES A.

The bonds will be payable primarily from motor vehicle license taxes and will additionally be secured by the full faith and credit of the State.  The proceeds of the bonds will be used to finance capital outlay projects for certain school and community college districts.

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

(Recommend)

3.         ADOPTION OF RESOLUTIONS AUTHORIZING THE ISSUANCE AND COMPETITIVE SALE OF NOT EXCEEDING $240,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION PUBLIC EDUCATION CAPITAL OUTLAY REFUNDING BONDS, 2003 SERIES [TO BE DETERMINED].

The Thirtieth Supplemental Authorizing Resolution 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)

4.         REPORT OF AWARD ON THE COMPETITIVE SALE OF $138,540,000 STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION FLORIDA FOREVER REVENUE BONDS, SERIES 2003A 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 12:00 noon, May 13, 2003, and the bonds were awarded to the low bidder, Morgan Stanley, Dean Witter, which submitted a bid at an annual true interest cost rate of 3.8255%.  The bonds are scheduled to be delivered on May 29, 2003.

A report of award and tabulation of bids is attached.

(Attachment #2)