AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol
March 14, 2000
This meeting is open to the public.

1. Approval of minutes of the meeting of February 22, 2000.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $300,000,000 STATE OF FLORIDA, DEPARTMENT OF ENVIRONMENTAL PROTECTION, PRESERVATION 2000 REVENUE BONDS, SERIES 2000A.

The bonds will be payable from revenues of certain excise taxes on documents required to be transferred to the Land Acquisition Trust Fund. 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 the acquisition of land in furtherance of outdoor recreation and natural resources conservation.

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

(Recommend)

3. REPORT OF AWARD OF $112,355,000 STATE OF FLORIDA, DEPARTMENT OF TRANSPORTATION, TURNPIKE REVENUE BONDS, SERIES 2000A, 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 10:30 a.m., February 15, 2000, and the bonds were awarded to the low bidder, Salomon Smith Barney, which submitted a bid at an annual true interest cost rate of 5.8703%. The bonds were delivered on Tuesday, March 7, 2000.

A report of award and tabulation of bids is attached.

(Attachment #2)

4. REPORT OF AWARD OF $75,300,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, CAPITAL OUTLAY BONDS, 2000 SERIES A, 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 for the bonds were received at the office of the Division of Bond Finance at 11:00 a.m., Wednesday, February 23, 2000, and the bonds were awarded to Salomon Smith Barney, which submitted a bid at an annual true interest cost rate of 5.5680%. The bonds are scheduled to be delivered on March 16, 2000.

A report and tabulation of bids received is attached.

(Attachment #3)