FRANKFORT, Ky.—The Kentucky Asset/Liability Commission (ALCo) will hold a meeting on Monday, May 12, 2008 at 10:00 a.m. in Room 76 of the Capitol Annex, Frankfort, Kentucky.  Immediately following adjournment of the ALCo meeting, a meeting of the State Property and Buildings Commission (SPBC) will convene in Room 76 of the Capitol Annex. Agendas for both meetings are:

 

AGENDA

KENTUCKY ASSET/LIABILITY COMMISSION

 

I.          Call to Order -- Verification of Quorum and Notification of Press

 

II.         Approval of the minutes of the October 15, 2007 meeting.

 

III.        A Resolution providing for the authorization, issuance, sale and delivery of General Fund Tax and Revenue Anticipation Notes of the Kentucky Asset/Liability Commission in an aggregate principal amount not to exceed $600 million for the purpose of funding expenditure demands on the General Fund of the Commonwealth of Kentucky; authorizing a pledge of and lien on revenues required to be deposited to the General Fund to secure such notes; authorizing a trust indenture securing such notes; and authorizing a financial (SWAP) agreement.

 

IV.        FY08 TRAN Update

 

V.         A Resolution authorizing the execution and delivery of a supplemental trust indenture relating to Project Notes, 2005 General Fund Second Series of the Kentucky Asset/Liability Commission; authorizing the execution of a supplemental trust indenture; and taking other related action.

 

VI.        New Business

 

VII.       Adjournment

 

 

STATE PROPERTY AND BUILDINGS COMMISSION

AGENDA

 

I.          Call to Order --Verification of Quorum and Notification of Press.

 

II.         Approval of the minutes of the April 8, 2008 meeting.

 

III.        A Resolution of the State Property and Buildings Commission (SPBC) approving a capital construction project authorized by the 2008 General Assembly where such project will be financed by the issuance of SPBC Revenue Bonds or other authorized state debt-issuing authorities.

 

IV.        A Resolution of the SPBC approving the issuance of Kentucky Asset/Liability Commission Project Notes, 2005 General Fund Second Series in an aggregate principal amount not to exceed $1.4 billion for the purpose of providing interim financing for authorized projects in anticipation of the issuance of bonds by the SPBC; and approving a supplemental financing/lease agreement related thereto.

 

V.         A Resolution of the SPBC approving the issuance of University of Kentucky General Receipts Refunding Bonds, 2008 Series A of the University of Kentucky.

 

VI.        A Resolution of the SPBC approving the issuance of Northern Kentucky University General Receipts Bonds, 2008 Series A.

 

VII. A Resolution of the SPBC approving the issuance of Morehead State University General Receipts Bonds, 2008 Series A and Morehead State University General Receipts Bonds, 2008 Taxable Series B and affirming a contractual commitment of the commonwealth with respect to such proposed bonds.

 

VIII. A Resolution of the SPBC approving the issuance by the Kentucky Economic Development Finance Authority of its adjustable Rate Demand Healthcare Facilities Revenue and Refunding Bonds in one or more series in an aggregate principal amount not to exceed $43 million.

 

IX.        A Resolution of the SPBC approving the application of the Secretary of the Cabinet for Economic Development to identify and specify certain economic development projects to be financed from the proceeds of Economic Development Revenue Bonds to be issued by the Commission for PharMerica Institutional Pharmacy Services, Inc., (PharMerica) (Louisville/Jefferson County Metro Government) ($200,000).

 

X.         New Business

 

XII.       Adjournment   

 

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