May 29-30, 2003

 

ITEM 119-112-R0503                  Authorization to execute and deliver Series 2003 New Money Issue Bond Documents;   Montana University System

 

THAT:                                      The Board of Regents of the Montana University System adopts the Final Bond Resolution for the Montana University System Revenue Bonds (Workers’ Compensation Program) Series 2003, approves various bond documents, and authorizes the Board Chairman and the Commissioner of Higher Education of the Montana University System to complete the sale and delivery of $2,050,000 Series 2003 Revenue Bonds.

 

EXPLANATION:                        The Board’s authorization to complete the sale, issuance, and delivery of the Series 2003 Revenue Bonds provides approval of the final terms for the Bonds by the chair of the Board of Regents and the Commissioner of Higher Education of the Montana University System.  The action also authorizes and directs the Chair of the Board of Regents, the Vice Chair of the Board of Regents, the ex-officio Secretary of the Board and Commissioner of Higher Education, and the Associate Commissioner for Fiscal Affairs to execute and deliver such documents as required to consummate the sale and delivery of the Montana University System Series 2003 Revenue Bonds.

 

ATTACHMENTS:                        Montana University System Revenue Bonds (Workers’ Compensation Program) Series 2003 Final Bond Resolution.