OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION
person: J. Ben Watkins III - 488-4782)
meeting is open to the public.
of minutes of the meeting of March 14, 2000.
OF RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT EXCEEDING $300,000,000
STATE OF FLORIDA, STATE BOARD OF EDUCATION LOTTERY REVENUE BONDS, VARIOUS
of the bonds will be used to finance capital outlay projects for school
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.
will be payable primarily from revenues of the Florida Lottery. The
bonds are not secured by the full faith and credit of the State.
of the resolution may be obtained from the Division of Bond Finance
OF AWARD OF $125,000,000 STATE OF FLORIDA, STATE BOARD OF EDUCATION
LOTTERY REVENUE BONDS, SERIES 2000A TO THE LOW BIDDER FOR SUCH BONDS.
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. on March 9, 2000, and the bonds were awarded
to the low bidder, Lehman Brothers, which submitted a bid at an annual
true interest cost rate of 5.4875%. The bonds are scheduled for delivery
on March 30, 2000.
of award and tabulation of bids is attached.