DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION
person: J. Ben Watkins III - 488-4782)
This meeting is open to the public.
Approval of minutes of the meeting of June 12, 2002.
2. REPORT OF AWARD ON COMPETITIVE SALE OF $250,00,000 STATE OF FLORIDA, FULL FAITH AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL OUTLAY BONDS, 2001 SERIES F, 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 were received at the office of the Division of Bond Finance at 11:00 a.m. on June 11, 2002, and the bonds were awarded to the low bidder, Merrill Lynch & Co., which submitted a bid at an annual true interest cost rate of 4.9617%. The bonds are anticipated to be delivered on June 27, 2002
A report of award and tabulation of bids is attached.