DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

April 28, 1998

1. Approval of minutes of the meeting of April 14,1998.

(Attachment #1)

2. ADOPTION OF RESOLUTIONS (1) AMENDING THE RESOLUTION OF THE GOVERNOR AND CABINET AS THE GOVERNING BOARD OF THE DIVISION OF BOND FINANCE ADOPTED ON DECEMBER 16, 1997, WHICH AUTHORIZED THE ISSUANCE OF NOT EXCEEDING $2,500,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS (VARIOUS SERIES) AND (2) AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $125,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, SERIES 1998A.

The bonds will be payable primarily from revenues of the Florida Lottery. The bonds are not 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 districts.

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

(Recommend)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $220,000,000 STATE OF FLORIDA, DEPARTMENT OF TRANSPORTATION TURNPIKE REVENUE BONDS, SERIES 1998B.

The bonds will be payable primarily from tolls and other revenues of the Florida Turnpike System. 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 portion of the costs of turnpike projects described in the resolution.

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

(Recommend)