1.

Approval of minutes of the meeting of December 14, 1999.

(Attachment #1)

2.

ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $75,300,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, CAPITAL OUTLAY BONDS, 2000 SERIES A.

The proceeds of the bonds will be used to finance capital outlay projects for certain school and community college districts. The resolution also authorizes the Division to publish a notice of bond sale for the 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 bonds.

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.

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

(Recommend)

3.

REPORT OF AWARD OF $28,140,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF CENTRAL FLORIDA HOUSING REVENUE BONDS, SERIES 1999, 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., December 8, 1999, and the bonds were awarded to the low bidder, PaineWebber Incorporated, which submitted a bid at an annual true interest cost rate of 5.7254%. The bonds were delivered on Wednesday, December 22, 1999.

A report of award and tabulation of bids is attached.

(Attachment #2)