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                              AGENDA

  DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION
         (Contact person:  J. Ben Watkins III - 488-4782)
                           The Capitol
                          June 26, 1997

1.   Approval of minutes of the meeting of June 12, 1997.
     (Attachment #1)

2.   ADOPTION OF 1) A SUPPLEMENTAL AUTHORIZING RESOLUTION AUTHORIZING THE
     ISSUANCE OF NOT EXCEEDING $500,000,000 STATE OF FLORIDA, FULL FAITH AND
     CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY
     BONDS, 1997 SERIES, AND OF 2) A RESOLUTION AUTHORIZING THE COMPETITIVE
     SALE OF NOT EXCEEDING $250,000,000 OF STATE OF FLORIDA, FULL FAITH AND
     CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY
     BONDS, 1997 SERIES A (THE "1997 SERIES A BONDS").

     The supplemental authorizing resolution contains the authorization for bonds necessary to finance
     public education capital outlay projects authorized during the 1997 legislative session.  Bonds issued
     pursuant to the supplemental authorizing resolution will be secured primarily by gross receipts taxes,
     and will be additionally secured by the full faith and credit of the State of Florida.  The proceeds of
     such bonds will be used to finance capital outlay projects for school and community college districts
     and the State University System.

     The sale resolution authorizes the Division to prepare and publish a notice of bond sale for the 1997
     Series A Bonds, authorizes the preparation and execution of a preliminary and final official
     statement, and provides certain other details and authorizations in connection with the sale and
     issuance of the 1997 Series A Bonds.  The 1997 Series A Bonds will be the first series of bonds sold
     pursuant to the supplemental authorizing resolution.

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

     (Recommend)

3.   ADOPTION OF (1) A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING
     $55,000,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY SYSTEM
     IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 1997A AND (2) A RESOLUTION
     AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $55,000,000 OF SUCH
     BONDS.

     The authorizing resolution authorizes the issuance of the bonds to refinance all or a portion of the
     outstanding Series 1991 University System Improvement Revenue Certificates to effectuate a debt
     service savings.  The bonds will be secured by a pledge of the Student Building Fees and the Capital
     Improvement Fees which are imposed pursuant to Section 240.209, Florida Statutes.  The bonds will
     not be secured by the full faith and credit of the State of Florida.

     The sale resolution authorizes the Division to prepare and publish a notice of bond sale for the
     bonds, authorizes the preparation and execution of a preliminary and final official statement,
     authorizes the execution of an escrow deposit agreement, and provides certain other details and
     authorizations in connection with the sale and issuance of the bonds.

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

     (Recommend)




Division of Bond Finance
Page Two-June 26, 1997



4.   ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT
     EXCEEDING $350,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT,
     DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ACQUISITION AND BRIDGE
     CONSTRUCTION BONDS IN ONE OR MORE SERIES.

     The bonds will be issued to finance the cost of acquiring real property or the rights to real property
     for state roads, or to finance the cost of state bridge construction.  The bonds will be payable
     primarily from motor fuel and special fuel taxes which are transferred to the Right-of-Way
     Acquisition and Bridge Construction Trust Fund and shall additionally be secured by the full faith
     and credit of the State of Florida.

     The resolution also authorizes the Division to prepare and publish a notice of sale for the bonds,
     authorizes the printing of a preliminary and final official statement and provides certain other details
     and authorizations in connection with the sale and issuance of the bonds.

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

     (Recommend)

5.   REPORT OF AWARD OF $15,615,000 FLORIDA HOUSING FINANCE AGENCY HOUSING
     REVENUE BONDS, 1997 SERIES C (WINDCHASE APARTMENTS PROJECT), 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 offices
     of the Division at 11:00 a. m. on May 29, 1997, and the bonds were awarded to the low bidder,
     Smith Barney Inc., which submitted a bid at an annual true interest cost rate of 5.9651%.  The bonds
     were delivered on June 18,1997.

     A report of award and tabulation of bids is attached.

     (Attachment #2)

6.   REPORT OF AWARD OF $13,260,000 STATE OF FLORIDA, DEPARTMENT OF
     MANAGEMENT SERVICES, DIVISION OF FACILITIES MANAGEMENT, FLORIDA
     FACILITIES POOL REVENUE BONDS, SERIES 1997A, 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 offices
     of the Division at 11:00 a.m. on June 4, 1997, and the bonds were awarded to the low bidder,
     Prudential Securities Incorporated, which submitted a bid at an annual true interest cost rate of
     5.4790%.  The bonds were delivered on June 25, 1997.

     A report of award and tabulation of bids is attached.

     (Attachment #3)






Division of Bond Finance
Page Three-June 26, 1997



7.   REPORT OF AWARD OF $6,310,000 STATE OF FLORIDA, BOARD OF REGENTS,
     FLORIDA AGRICULTURAL AND MECHANICAL UNIVERSITY STUDENT SERVICES
     CENTER REVENUE BONDS, SERIES 1997, 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 resolutions adopted by the Governor and Cabinet.  Bids for the 1997 Bonds were
     received at the office of the Division at 11:00 a.m., Thursday, June 5, 1997, and the bonds were
     awarded to William R. Hough & Co. which submitted a bid at an annual true interest cost rate of
     5.1890%.  The bonds are anticipated to be delivered on Thursday, June 26, 1997.

     A report and tabulation of bids received is attached.

     (Attachment #4)

8.   REPORT OF AWARD OF $7,960,000 STATE OF FLORIDA, BOARD OF REGENTS,
     UNIVERSITY OF CENTRAL FLORIDA UNIVERSITY PARKING FACILITY REVENUE
     BONDS, SERIES 1997, 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 offices
     of the Division on Wednesday, June 11, 1997 and the bonds were awarded to the low bidder,
     PaineWebber Incorporated, which submitted a bid at a true interest cost rate of 5.1831%. The bonds
     are anticipated to be delivered on Wednesday, July 2, 1997.

     A report of award and tabulation of bids is attached.

     (Attachment #5)