Minutes

Planning Session 07/12/2005 page -2-

Minutes

Texas Bond Review Board

Planning Session

Tuesday, July 12, 2005, 10:00 a.m.

Capitol Extension, Room E2.026

1400 North Congress

Austin, Texas

The Texas Bond Review Board convened in a planning session at 10:00 a.m., Tuesday, July 12, 2005, in the Capitol Extension, Room E2.026, in Austin, Texas. Present were Ed Robertson, Chair and Alternate for Governor Rick Perry; Debbie Cartwright, Alternate for Comptroller Carole Keeton Strayhorn; Jon Heining, Alternate for Lt. Governor David Dewhurst. Also in attendance were Lynn Stuck with the Office of the Attorney General, Bond Finance Office staff members, and others.

Call to Order

Bob Kline, Executive Director of the Bond Review Board, called the meeting to order at 10:03 a.m. He announced that this was a planning meeting of Board staff to receive and discuss information relative to the applications before the Board. No votes would be taken.

Discussion of Proposed Issues

Prior to discussion of each agenda item, Mr. Kline presented a summary of the application.

Texas Department of Transportation - State Highway Fund Revenue Commercial Paper Notes, Series A

Representatives present were: James Bass, Chief Financial Officer and John Munoz, Deputy Finance Director, TxDOT; Lisa Fenner, FA, RBC Dain Rauscher; Jerry Kyle, BC, Andrews Kurth, LLP.

Texas Department of Housing and Community Affairs - Multifamily Housing Revenue Bonds, Series 2005 (Park Manor Senior Community)

Representatives present were: Robbye Meyer, Manager of Multifamily Finance, TDHCA; Elizabeth Rippy, BC, Vinson & Elkins; J. C. Howell, FA, RBC Dain Rauscher; Richard Shaw, Borrower/Applicant, Colonial Communities, Inc.; Richard Ruschman, President, Outreach Housing Corporation; Cynthia Bast, Locke Liddell (Borrower Counsel).

Texas State University System - Revenue Financing System Revenue and Refunding Bonds, Series 2005

Representatives present were: Charles Matthews, Chancellor, Diane Corley, Interim Vice Chancellor for Finance, and Michele Esquivel, System Reporting Officer, TSUS; Matt Boles, FA, RBC Dain Rauscher; Heather Thielemann, Vice President for Enrollment at Sam Houston State University; Carol Polumbo, BC, McCall Parkhurst & Horton.

Texas Southern University - State of Texas Constitutional Appropriation Bonds (Texas Southern University), Series 2005

Representatives present were: Quintin Wiggins, Senior Vice President for Finance and Administration, TSU; Robbi Jones, Financial Advisor, SBK Brooks.

Other Business

Report from Executive Director

1) Agency business

2) Possibility of an August meeting – TPFA for HB 3147, TDHCA for two transactions.

Adjourn

There being no further business, the meeting was adjourned at 11:26 a.m.