Cabinet Affairs

AGENDA
DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION
The Capitol
October 24, 1995

1.   Approval of minutes of the meeting of October 12, 1995.
     (Attachment #1)

2.   ADOPTION OF RESOLUTIONS AUTHORIZING THE NEGOTIATED  SALE  OF
     THE  FOLLOWING HOUSING REVENUE BONDS ON BEHALF OF AND AT THE
     REQUEST   OF   THE  FLORIDA  HOUSING  FINANCE  AGENCY   (THE
     "AGENCY"):

     (A)   Not  to  exceed  $10,800,000 Florida  Housing  Finance
     Agency Multifamily Housing Revenue Bonds, 1995 Series [to be
     designated] (Banyan Project).

     (B)  Not to exceed $7,300,000 Florida Housing Finance Agency
     Multifamily  Housing  Revenue  Bonds,  1995  Series  [to  be
     designated] (Bainbridge Project).

     (C)  Not to exceed $9,450,000 Florida Housing Finance Agency
     Housing  Revenue Refunding Bonds, [series to be  designated]
     (Vinyards at Chardonnay Project-Phases I and II).
     
     The  Agency  has  requested the sale of the  bonds  for  the
     purpose  of  financing  or refinancing  various  multifamily
     residential housing projects.  The bonds will not constitute
     an obligation, either general or special, of the state or of
     any local government.

     Pursuant  to  Section 420.509 (7)(a), Florida Statutes,  the
     Agency  is  permitted to authorize the  negotiated  sale  of
     bonds if it is determined that it is in the best interest of
     the  Agency.  The Agency has made the determination  that  a
     negotiated sale of the bonds is in the best interest of  the
     Agency.

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

     (Recommend)