AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)
The Capitol
December 11, 2002

This meeting is open to the public.

1. Approval of minutes of the meeting of November 26, 2002.
(Attachment #1)

2. REPORT OF AWARD OF $12,700,000 STATE OF FLORIDA, BOARD OF EDUCATION, UNIVERSITY OF SOUTH FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 2002, 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 12:00 p.m., November 21, 2002, and the bonds were awarded to the low bidder, Salomon Smith Barney, Inc., which submitted a bid at an annual true interest cost rate of 4.3987%. The bonds are scheduled to be delivered on December 12, 2002.

A report of award and tabulation of bids is attached.

(Attachment #2)

3. PRESENTATION OF THE ANNUAL UPDATE OF THE DEBT AFFORDABILITY STUDY.

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

(Recommend)