AGENDA
MEETING OF
THE
STATE BOARD OF
ADMINISTRATION
(Contact Person: Dorothy Westwood - (850)
488-4406)
THE
CAPITOL
TALLAHASSEE,
FLORIDA
MARCH 25,
2003
1. APPROVAL OF MINUTES FROM THE MEETING ON MARCH 13,
2003.
(Att. #1)
(ACTION REQUIRED)
2.
APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$8,020,000 TAX EXEMPT FLORIDA HOUSING FINANCE CORPORATION
MULTIFAMILY MORTGAGE REVENUE REFUNDING BONDS, 2003 SERIES (SERIES TO
BE DESIGNATED) (FAIRMONT OAKS
APARTMENTS):
(ACTION REQUIRED)
The Florida Housing Finance Corporation has submitted
for approval as to fiscal determination a proposal to issue an
amount not exceeding $8,020,000 Tax Exempt Florida Housing Finance
Corporation Multifamily Mortgage Revenue Refunding Bonds, 2003
Series (series to be designated) (the Bonds) for the purpose of
refinancing existing tax exempt bonds which were issued to finance
the construction and equipping of a multifamily residential rental
development located in Alachua County, Florida (Fairmont Oaks
Apartments).
The Bonds shall not constitute an obligation, either
general or special, of the State or of any local government thereof;
neither the State nor any local government thereof shall be liable
thereon. Neither the full faith, revenue, credit nor taxing power of
the State of Florida, or any local governments thereof shall be
pledged to the payment of the principal of, premium (if any), or
interest on the Bonds.
The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged
therefor.
RECOMMENDATION:
It is recommended that the Board approve the fiscal
determination of the proposal outlined above. It is further recommended
that, pursuant to the fiscal determination requirements of
Subsection 16(c) of Article VII of the revised Constitution of 1968,
the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all
other bonds secured by the same pledged revenues exceed the pledged
revenues available for payment of such debt service requirements.
The Board does not assume
SBA AGENDA
March 25, 2003
Page 2
any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att.
#2)
3.
APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$5,740,000 TAX EXEMPT FLORIDA HOUSING FINANCE CORPORATION
MULTIFAMILY MORTGAGE REVENUE BONDS, 2003 SERIES (SERIES TO BE
DESIGNATED) (THE GARDENS AT ROSE HARBOR
APARTMENTS):
(ACTION REQUIRED)
The Florida Housing Finance Corporation has submitted
for approval as to fiscal determination a proposal to issue an
amount not exceeding $5,740,000 Tax Exempt Florida Housing Finance
Corporation Multifamily Mortgage Revenue Bonds, 2003 Series (series
to be designated) (the Bonds) for the purpose of financing the
construction and equipping of a multifamily residential rental
development located in Hillsborough County, Florida (The Gardens at
Rose Harbor Apartments).
The Bonds shall not constitute an obligation, either
general or special, of the State or of any local government thereof;
neither the State nor any local government thereof shall be liable
thereon. Neither the full faith, revenue, credit nor taxing power of
the State of Florida, or any local governments thereof shall be
pledged to the payment of the principal of, premium (if any), or
interest on the Bonds.
The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged
therefor.
RECOMMENDATION:
It is recommended that the Board approve the fiscal
determination of the proposal outlined above. It is further recommended
that, pursuant to the fiscal determination requirements of
Subsection 16(c) of Article VII of the revised Constitution of 1968,
the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all
other bonds secured by the same pledged revenues exceed the pledged
revenues available for payment of such debt service requirements.
The Board does not assume any responsibility for, and makes no
warranty (express or implied) with respect to any other aspect of
this bond issue except for fiscal determination. (Att.
#3)
4. FLORIDA RETIREMENT SYSTEM CHOICE STATISTICS AS OF
MARCH 7, 2003. (Att.
#4)
(ACTION REQUIRED)
SBA AGENDA
March 25, 2003
Page 3
5.
APPROVAL OF DEFINED CONTRIBUTION BUDGET FOR FISCAL YEAR JULY
1, 2003 TO JUNE 30, 2004.
(Backup to follow.)
(ACTION REQUIRED)
Cabinet
Affairs
