Representative present was Piper Montemayor, Director of Debt and Portfolio Management, TWDB. UPON MOTION BY ED ROBERTSON AND SECOND BY KENNETH BESSERMAN THE TEXAS BOND REVIEW BOARD APPROVED THE ISSUANCE OF THE TEXAS WATER DEVELOPMENT BOARD STATE OF TEXAS WATER FINANCIAL ASSISTANCE BONDS, SERIES 2010D (ECONOMICALLY DISTRESSED AREAS PROGRAM) WITH A MAXIMUM PAR AND TOTAL PROCEEDS AMOUNT NOT TO EXCEED $50,000,000 INCLUDING PREMIUMS, IF ANY, AS OUTLINED IN THE APPLICATION DATED SEPTEMBER 7, 2010. EXEMPT - Texas Public Finance Authority Charter School Finance Corporation Education Revenue Bonds (New Frontiers Charter School) Series 2010A, Taxable Education Revenue Bonds Series 2010B, and Taxable Education Revenue Bonds Series 2010Q (Qualified School Construction Bonds) This transaction is on the EXEMPT track and is scheduled to be approved on Friday, September 24. EXEMPT - Texas Public Finance Authority Charter School Finance Corporation (Evolution Academy Charter School) Education Revenue Bonds, Series 2010A, Taxable Education Revenue Bonds, Series 2010B, and Taxable Education Revenue Bonds, Series 2010Q (Qualified School Construction Bonds) This transaction is on the EXEMPT track and is scheduled to be approved on Tuesday, September 28. Date for Next Board Meeting The next scheduled Planning Session is November 9, 2010 and the next scheduled Board Meeting is November 18, 2010. Report from the Executive Director A NOI was received from TPFA for the $3.5 billion Texas Workforce Commission bond issue to repay federal loans. TPFA has requested a called board meeting on October 26, 27, or 28, 2010, and Thursday, October 28 was the best date for the Alternates. TPFA plans to have its Board meeting on October 13, 2010. An NOI was received from TPFA for $31.5 million to assist Texas Southern University with the construction of a new experimental technology building. TPFA’s Board will consider this transaction at its October 13, 2010 Board Meeting. This application is expected to be received by BRB staff for consideration at the November planning session. Staff is finalizing the memo comparing the constitutional debt limits for the seven triple A rated states and the 10 most popular states. Staff is finalizing the memo on credit default swaps. Staff is planning to schedule the Bonds 101 presentation on January 25, 2011 including a brief discussion of the DAS. Adjourn There being no further business, this Board meeting adjourned at 10:30 a.m.
Representative present was Piper Montemayor, Director of Debt and Portfolio Management, TWDB. UPON MOTION BY ED ROBERTSON AND SECOND BY KENNETH BESSERMAN THE TEXAS BOND REVIEW BOARD APPROVED THE ISSUANCE OF THE TEXAS WATER DEVELOPMENT BOARD STATE OF TEXAS WATER FINANCIAL ASSISTANCE BONDS, SERIES 2010D (ECONOMICALLY DISTRESSED AREAS PROGRAM) WITH A MAXIMUM PAR AND TOTAL PROCEEDS AMOUNT NOT TO EXCEED $50,000,000 INCLUDING PREMIUMS, IF ANY, AS OUTLINED IN THE APPLICATION DATED SEPTEMBER 7, 2010. EXEMPT - Texas Public Finance Authority Charter School Finance Corporation Education Revenue Bonds (New Frontiers Charter School) Series 2010A, Taxable Education Revenue Bonds Series 2010B, and Taxable Education Revenue Bonds Series 2010Q (Qualified School Construction Bonds) This transaction is on the EXEMPT track and is scheduled to be approved on Friday, September 24. EXEMPT - Texas Public Finance Authority Charter School Finance Corporation (Evolution Academy Charter School) Education Revenue Bonds, Series 2010A, Taxable Education Revenue Bonds, Series 2010B, and Taxable Education Revenue Bonds, Series 2010Q (Qualified School Construction Bonds) This transaction is on the EXEMPT track and is scheduled to be approved on Tuesday, September 28. Date for Next Board Meeting The next scheduled Planning Session is November 9, 2010 and the next scheduled Board Meeting is November 18, 2010. Report from the Executive Director A NOI was received from TPFA for the $3.5 billion Texas Workforce Commission bond issue to repay federal loans. TPFA has requested a called board meeting on October 26, 27, or 28, 2010, and Thursday, October 28 was the best date for the Alternates. TPFA plans to have its Board meeting on October 13, 2010. An NOI was received from TPFA for $31.5 million to assist Texas Southern University with the construction of a new experimental technology building. TPFA’s Board will consider this transaction at its October 13, 2010 Board Meeting. This application is expected to be received by BRB staff for consideration at the November planning session. Staff is finalizing the memo comparing the constitutional debt limits for the seven triple A rated states and the 10 most popular states. Staff is finalizing the memo on credit default swaps. Staff is planning to schedule the Bonds 101 presentation on January 25, 2011 including a brief discussion of the DAS. Adjourn There being no further business, this Board meeting adjourned at 10:30 a.m.
Mins_BM_9_23_10.docx