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TABLE OF CONTENTS


Overview

Agency History

Scope and Contents of the Records

Arrangement of the Records

Restrictions

Index Terms

Related Material

Administrative Information

Description of Series

Minutes and agenda, 1987-2010,

Texas State Library and Archives Commission

Texas Bond Review Board:

An Inventory of Bond Review Board Minutes and Agenda at the Texas State Archives, 1987-2010



Overview

Creator: Texas Bond Review Board.
Title: Bond Review Board minutes and agenda
Dates: 1987-2010
Abstract: The Texas Bond Review Board approves state bond issues and lease purchases with an initial principal amount of greater than $250,000 or a term of longer than five years; is responsible for the collection, analysis and reporting of information on the debt of the state and local political subdivisions in Texas; and administers the state’s Private Activity Bond Allocation Program. These records document those functions, and include copies of minutes, agenda, transcripts, and occasional exhibits, dating 1987-2010. They comprise the minutes and agenda of meetings of the Texas Bond Review Board, and the minutes for staff planning sessions of the Bond Review Board. The bulk of the meeting minutes pertain to consideration of proposed issues of bonds, installment sales, and lease-purchases, and give the name of the issuing state agency or university, the nature of the proposed transaction, a discussion of the issues, and the decision of the board and terms of approval.
Quantity: 1.75 cubic ft.
Repository: Texas State Archives

Agency History

The Texas Bond Review Board was created in 1987 (Senate Bill 1027, 70th Texas Legislature, Regular Session). Its main function is to review and approve all bonds, installment sales, and lease-purchases issued by state agencies and universities with a principal greater than $250,000 or a term greater than five years. The board is responsible for formulating and enforcing policies regarding debt and bond issues for the state. It furnishes public information about bonded indebtedness and provides full disclosure on the costs and methods of debt issuance to citizens. The board develops consistent guidelines to ensure the security of public money and the integrity of the projects to which bond proceeds are directed. It also provides definitive guidelines for bond issuers and coordinates the timing of bond sales to ensure the most favorable conditions for those sales. Legislation was passed in 1997 which required the board to compile a statewide capital expenditure plan for the 2000-01 biennium that identifies the state's capital needs, alternatives to financing those needs, and the possible budget impact on the state's debt capacity.

The board was authorized to implement the Public School Facilities Funding Act, established in 1989 and whose original intent was to address concerns that the Internal Revenue Service (IRS) arbitrage rules would result in the Permanent School Fund (PSF) no longer being allowed to guarantee school district bonds. The Act would allow the board to lend funds to low-wealth, high-debt school districts to finance or refinance acquisition, construction, renovation, and improvement of facilities and capital assets used to support classroom instruction. The state was given the ability to issue bonds to buy school district bonds thereby conferring the state's credit rating on the transaction. A 1990 IRS ruling alleviated the initial concerns and the legislation was never used. There were several attempts to make the Public School Facilities Funding Act (PSFFA) work. Each attempt found it more costly to use PSFFA than to issue the bonds directly with the guarantee of the PSF due to the double issuance cost of both state and local bonds being issued and sold. The Act was repealed in June 2005.

Originally composed of five members (the governor, lieutenant governor, speaker of the house, state comptroller, and state treasurer), it is now composed of four (the position of state treasurer was abolished following a constitutional amendment in 1996). The governor serves as chair. The board appoints an Executive Director. The agency had 10.5 full-time equivalent employees in 2001.

(Sources include: Guide to Texas State Agencies, 11th edition (2001); HB 1106 Bill Analysis by the Texas House of Representatives Public Education Committee, 79th Legislature, Regular Session; the agency web site, http://www.brb.state.tx.us/, including the Annual Report for FY 2005; and the article "Texas Bond Review Board" by Laurie E. Jasinski in Handbook of Texas Online, http://www.tshaonline.org/handbook/online/articles/mdtln; both online resources accessed September 25, 2012.)

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Scope and Contents of the Records

The Texas Bond Review Board approves state bond issues and lease purchases with an initial principal amount of greater than $250,000 or a term of longer than five years; is responsible for the collection, analysis and reporting of information on the debt of the state and local political subdivisions in Texas; and administers the state’s Private Activity Bond Allocation Program. These records document those functions, and include copies of minutes, agenda, transcripts, and occasional exhibits, dating 1987-2010. They comprise the minutes and agenda of meetings of the Texas Bond Review Board, and the minutes for staff planning sessions of the Bond Review Board. Agenda are present beginning in late 1989, but not every meeting afterward contains an agenda. Transcripts are included with minutes for three meetings in the early 1990s, and are substituted for minutes for almost all meetings between October 2001 and June 2002. Exhibits (such as presentations or application summaries) are rare. Staff planning sessions are documented for the years 1989-1994.

The bulk of the meeting minutes pertain to consideration of proposed issues of bonds, installment sales, and lease-purchases, and give the following information: (1) the name of the issuing state agency or university; (2) the nature of the proposed transaction (e.g. Multifamily Housing Mortgage Revenue Bonds, Series 2002--Wheatland Villas Apartments; Consolidated Revenue Refunding Bonds, Series 2002B; Tax Exempt Commercial Paper Revenue Notes, Series 2003; lease purchase of Oracle software; etc.); (3) a discussion of the issues, including (but not limited to) names of representatives present, the amounts, the purpose(s), the methods for placing and issuing, how they would be secured, how they would be repaid, the names of consultants, the dates of sales and closings, etc.; and (4) the decision of the board and terms of approval (in all caps).

Other business of the board is also briefly documented, including such things as changes to the board's rules; the legislative appropriations request; debt issuers guidelines; possible legislative changes; the internal audit plan, report, and charter; reports from the Executive Director; etc.

Minutes are created to document in a thorough yet summary fashion the official actions of the board in its meetings. Agenda inform the public as to what will be discussed and/or decided at each board meeting. Transcripts are verbatim records of the proceedings of a meeting.

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Arrangement of the Records

These records are arranged by the creating agency chronologically by meeting date.

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Restrictions

Restrictions on Access

Materials do not circulate, but may be used in the State Archives search room. Materials will be retrieved from and returned to storage areas by staff members.

Restrictions on Use

Most records created by Texas state agencies are not copyrighted. State records also include materials received by, not created by, state agencies. Copyright remains with the creator. The researcher is responsible for complying with U.S. Copyright Law (Title 17 U.S.C.).

Technical Requirements

None.

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Index Terms

The terms listed here were used to catalog the records. The terms can be used to find similar or related records.
Subjects:
Debts, Public--Texas.
Education--Texas--Finance.
Finance, Public--Texas.
Bonds--Texas.
State bonds--Texas.
Municipal bonds--Texas.
Document Types:
Minutes--Texas--Bonds--1987-2010.
Agendas--Texas--Bonds--1989-2010.
Functions:
Reviewing bonds.

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Related Material

The following materials are offered as possible sources of further information on the agencies and subjects covered by the records. The listing is not exhaustive.

Texas State Archives
Texas Comptroller's Office general revenue volumes, 1836-1994, 77.73 cubic ft. (specifically: Records of the Bond Department, 1852-1861, 1870-1994 (bulk 1870-1994), 56.31 cubic ft.)
Texas Legislature, Senate, Committee of the Whole Senate to Investigate Relief Bonds, Transcript, 1934, 0.4 cubic ft.
Texas Public Finance Authority records, 1987-2004, 10 cubic ft. [issues the bonds approved by the Bond Review Board]

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Administrative Information

Preferred Citation

(Identify the item), Texas Bond Review Board minutes and agenda. Archives and Information Services Division, Texas State Library and Archives Commission.

Accession Information

Accession numbers: 1998/118, 1999/178, 2000/028, 2001/113, 2004/002, 2004/011, 2004/199, 2005/116, 2006/035, 2006/093, 2007/072, 2008/076, 2009/102, 2010/080, 2011/033

These records were transferred to the Archives and Information Services Division of the Texas State Library and Archives Commission by the Texas Legislative Budget Board on October 31, 1997; by the Texas Bond Review Board on May 19, 1998; June 28, 1999; September 29, 1999; March 30, 2001; September 2, 2003; December 13, 2004; October 25, 2005; December 12, 2006; December 7, 2007; February 25, 2009; February 8, 2010; and October 12, 2010; and by the Texas Legislative Reference Library on September 8, 2003; July 7, 2004; and December 20, 2005.

Processing Information

Processed by Tony Black, July 2001

New accessions added by Tony Black, September 2003, January 2004, March 2005

New accessions added, and further encoding to DACS standards by Tony Black, December 2006

Four new accessions added by Rebecca Romanchuk, September 2012

Accruals

The Texas Bond Review Board periodically transfers copies of minutes and agenda to the Texas State Archives.

Other Formats for the Records

The Texas Bond Review Board posts on its website electronic copies of its recent agenda, http://www.brb.state.tx.us/agency/agenda.aspx, as well as its board planning session and meeting minutes from September 2000 forward, http://www.brb.state.tx.us/agency/minutes.aspx.

Location of Originals

The record copies of minutes and agenda are maintained by the Texas Bond Review Board.

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Detailed Description of the Records

 

Minutes and agenda, 1987-2010,
1.75 cubic ft.

State Bond Review Board, Minutes, 1987
Box
1998/118-1 Board minutes, September 15, 1987
Board minutes, October 5 and 9, 1987
Board minutes, October 20 and 26-27, 1987
Board minutes, November 17, 1987
Board minutes, December 3, 1987
Texas Bond Review Board, Minutes and agenda, 1987-2004
Box
1998/118-1 Board minutes, December 15, 1987
Board minutes, December 22, 1987
Board minutes, January 19 and 29, 1988
Board minutes, February 16, 1988
Board minutes, April 19, 1988
Board minutes, May 17, 1988
Board minutes, June 21, 1988
Board minutes, July 6 and 19, 1988
Board minutes, August 16, 1988
Board minutes, September 20, 1988
Board minutes, October 18, 1988
Board minutes, November 22, 1988
Board minutes, December 20, 1988
Board minutes, January 27, 1989
Board minutes, February 21, 1989
Board minutes, March 21, 1989
Board minutes, April 21, 1989
Board minutes, May 19, 1989
Board minutes, June 22, 1989
Board minutes, July 20, 1989
Board minutes, August 17, 1989
Staff planning meeting minutes, September 15, 1989
Board minutes and agenda, September 21, 1989
Board minutes and agenda, October 6, 1989
Staff planning meeting minutes, October 13, 1989
Board minutes and agenda, October 19, 1989
Staff planning meeting minutes, November 17, 1989
Board minutes and agenda, November 22, 1989
Staff planning meetings minutes, December 15 and 18, 1989
Board minutes, December 21, 1989
Staff planning meeting minutes, January 12, 1990
Board minutes and agenda, January 18, 1990
Staff planning meeting minutes, January 26, 1990
Board minutes and agenda, January 31, 1990
Staff planning meeting minutes, February 16, 1990
Board minutes and agenda, February 22, 1990
Staff planning meeting minutes, March 16, 1990
Board minutes and agenda, March 22, 1990
Staff planning meetings minutes, April 13 and 20, 1990
Board minutes and agenda, April 19 and 26, 1990
Staff planning meeting minutes, May 11, 1990
Board minutes and agenda, May 17 and 31, 1990
Staff planning meeting minutes, June 15, 1990
Board minutes and agenda, June 21, 1990
Staff planning meeting minutes, July 13, 1990
Board minutes and agenda, July 19, 1990
Staff planning meeting minutes and agenda, August 17, 1990
Board minutes and agenda, August 23, 1990
Staff planning meeting minutes, September 14, 1990
Board minutes and agenda, September 20, 1990
Board minutes and agenda, October 12, 1990
Staff planning meeting minutes and agenda, November 13, 1990
Board minutes and agenda, November 20 and 30, 1990
Staff planning meeting minutes, December 11, 1990
Board minutes and agenda, December 18, 1990
Board minutes and agenda, February 21, 1991
Staff planning meeting minutes, March 12, 1991
Board minutes, March 21, 1991
Board minutes and agenda, April 18, 1991
Board minutes and agenda, May 23 and 28, 1991
Staff planning meeting agenda, June 11, 1991
Board minutes and agenda, June 20, 1991
Board minutes and agenda, June 27, 1991
Board agenda, July 9, 1991
Board minutes and agenda, July 18, 1991
Board minutes and agenda, August 22, 1991
Staff planning meeting agenda, September 10, 1991
Board minutes and agenda, September 19, 1991
Staff planning meeting agenda, October 8, 1991
Board minutes and agenda, October 17, 1991
Board minutes and agenda, November 21, 1991
Board minutes and agenda, December 2, 1991
Board minutes and agenda, December 19, 1991
Board minutes and agenda, January 23 and 31, 1992
Board minutes and agenda, February 20, 1992
Board minutes and agenda, March 19, 1992
Board minutes and agenda, March 30, 1992
[includes Strategic Plan]
Board minutes and agenda, April 23, 1992
Staff planning meeting minutes, May 12, 1992
Board minutes and agenda, May 21, 1992
Board minutes and agenda, June 18, 1992
Board minutes and agenda, July 23, 1992
[includes transcript]
Board minutes and agenda, August 20, 1992
Board minutes and agenda, September 17, 1992
Board minutes and agenda, October 22, 1992
Board minutes and agenda, November 3 and 19, 1992
Board minutes and agenda, December 1, 1992
Board agenda, December 8, 1992
Board minutes, December 10, 1992
Board minutes and agenda, December 18, 1992
Box
1998/118-2 Board minutes and agenda, January 3 and 21, 1993
Board minutes and agenda, February 18, 1993
Board minutes and agenda, March 18, 1993
Board minutes and agenda, April 23, 1993
Board minutes and agenda, May 20, 1993
Board minutes and agenda, June 17, 1993
Board minutes and agenda, July 22, 1993
Board minutes and agenda, August 19, 1993
Board minutes and agenda, September 23, 1993
Board minutes, October 5, 12, 14, and 19, 1993
Board minutes and agenda, October 21, 1993
Board minutes, November 5 and 9, 1993
Board minutes and agenda, November 18, 1993
Board minutes and agenda, December 17, 1993
Board minutes and agenda, January 20, 1994
Staff planning meeting minutes and agenda, February 8 and 11, 1994
Board minutes and agenda, February 17, 1994
[includes transcript]
Board minutes and agenda, March 17, 1994
Staff planning meeting agenda and documents, April 12, 1994
Board minutes and agenda, April 20, 1994
[includes transcript]
Staff planning meeting agenda, May 10 and 12, 1994
Board minutes and agenda, May 19, 1994
Staff planning meeting agenda and documents, June 14, 1994
Board minutes and agenda, June 23, 1994
Staff planning meeting agenda, July 12, 1994
Board minutes and agenda, July 21, 1994
Staff planning meeting agenda and documents, August 9, 1994
Board minutes and agenda and documents, August 18, 1994
Board minutes and agenda, August 30, 1994
Board minutes and agenda, September 22, 1994
Staff planning meeting agenda and documents, October 11, 1994
Board minutes and agenda, October 19, 1994
Staff planning meeting agenda and documents, November 8, 1994
Board minutes and agenda, November 17, 1994
Board minutes and agenda, December 22, 1994
Board minutes and agenda, January 19, 1995
Planning session agenda and documents, February 14, 1995
Board minutes and agenda, February 23, 1995
Board minutes and agenda, March 23, 1995
Planning session agenda and documents, April 11, 1995
Board minutes and agenda, April 20, 1995
Board minutes and agenda, May 18, 1995
Board minutes and agenda, June 22, 1995
Board minutes and agenda, July 20, 1995
Board minutes and agenda, August 17, 1995
Planning session agenda and documents, September 12, 1995
Board minutes and agenda, September 21, 1995
Board minutes and agenda, October 19, 1995
Planning session agenda and documents, November 14, 1995
Board minutes and agenda, November 22, 1995
Board minutes and agenda, December 4, 1995
Planning session agenda and documents, December 12, 1995
Board minutes, December 21, 1995
Board minutes and agenda, January 9 and 18, 1996
Board minutes and agenda, January 22, 1996
Board minutes and agenda, February 22, 1996
Board minutes and agenda, March 21, 1996
Board minutes and agenda, May 23, 1996
Board minutes and agenda, June 20, 1996
Board minutes and agenda, June 28, 1996
Board minutes and agenda, July 18, 1996
Board minutes and agenda, August 13 and 22, 1996
Board minutes and agenda, September 24, 1996
Board minutes and agenda, October 2 and 17, 1996
Board minutes and agenda, November 21, 1996
Board minutes and agenda, January 23, 1997
Board minutes and agenda, February 20, 1997
Board minutes and agenda, March 11 and 20, 1997
Board minutes and agenda, May 22, 1997
Board minutes and agenda, June 18, 1997
Board minutes and agenda, July 17, 1997
Board minutes and agenda, August 21, 1997
Board minutes, September 9 and 16, 1997
Board minutes and agenda, September 18, 1997
Board minutes, September 23 and 30, 1997
Board minutes and agenda, October 9 and 23, 1997
Board minutes and agenda, November 20, 1997
Board minutes and agenda, December 18, 1997
Board minutes and agenda, January 22, 1998
Board minutes and agenda, February 19, 1998
Board minutes and agenda, March 24, 1998
Board minutes and agenda, April 23, 1998
Board minutes and agenda, May 21, 1998
Board minutes and agenda, June 18, 1998
Board minutes and agenda, July 24, 1998
Board minutes and agenda, August 11, 19, and 27, 1998
Board minutes and agenda, September 17, 1998
Board minutes and agenda, October 13 and 22, 1998
Box
1998/118-3 Private Activity Bond Allocation Program: public hearing and work session agenda packet, November 17, 1998
Board minutes and agenda, November 19, 1998
Board minutes and agenda, December 17, 1998
Board minutes and agenda, February 18, 1999
Board minutes and agenda, March 18, 1999
Board minutes and agenda, April 22, 1999
Board minutes and agenda, May 20, 1999
Board minutes and agenda, June 17, 1999
Board minutes and agenda, July 22, 1999
Board minutes and agenda, August 3, 10, and 11, 1999
Board minutes and agenda, August 19, 1999
Board minutes and agenda, August 24 and 26, 1999
Board minutes and agenda, September 7, 9, 10, 21, and 30, 1999
Board minutes and agenda, October 21, 1999
Board minutes and agenda, November 18, 1999
Board minutes and agenda, December 17, 1999
Board minutes and agenda, January 20, 2000
Board minutes and agenda, February 17, 2000
Board minutes and agenda, March 2 and 23, 2000
Board minutes and agenda, April 20, 2000
Board minutes and agenda, May 18, 2000
Board minutes and agenda, June 22, 2000
Board minutes and agenda, July 11, 2000
Board minutes and agenda, August 8 and 22, 2000
Board minutes and agenda, September 21, 2000
Board minutes and agenda, October 19, 2000
Board minutes and agenda, November 21, 2000
Board minutes and agenda, February 22, 2001
Board minutes and agenda, March 22, 2001
Board minutes and agenda, April 19, 2001
Board minutes and agenda, May 17, 2001
Board minutes and agenda, June 21, 2001
Board minutes and agenda, June 29, 2001
Board minutes and agenda, July 19, 2001
Board minutes and agenda, August 17, 2001
Board minutes and agenda, August 29, 2001
Board agenda and transcript, October 4, 2001
Board agenda and transcript, October 18, 2001
Board agenda and transcript, November 27, 2001
Board agenda and transcript, December 20, 2001
Board agenda and transcript, January 17, 2002
Board agenda and transcript, February 21, 2002
Board minutes and agenda, March 12, 2002
Board transcript, March 21, 2002
Board transcript, April 18, 2002
Board transcript, May 23, 2002
Board agenda and transcript, June 18, 2002
Board minutes and agenda, August 28, 2002
Board minutes and agenda, October 17, 2002
Board minutes and agenda, November 21, 2002
Board minutes and agenda, December 19, 2002
Board minutes and agenda, January 9, 2003
Board minutes, February 20, 2003
Board minutes, March 20, 2003
Board minutes, April 17, 2003
Board minutes, May 22, 2003
Board minutes, May 29, 2003
Board minutes, June 26, 2003
Board minutes, July 22, 2003
Board minutes, August 21 and 28, 2003
Board minutes, September 18, 2003
Board minutes, October 23, 2003
Board minutes, November 12 and 20, 2003
Board minutes and agenda, December 15, 2003
Board minutes and agenda, January 22, 2004
Board minutes and agenda, February 10, 2004
Board minutes and agenda, February 19, 2004
Board minutes and agenda, March 18, 2004
Board minutes and agenda, May 20, 2004
Board minutes and agenda, June 8, 2004
Board minutes and agenda, July 22, 2004
Board minutes and agenda, August 12, 2004
Board minutes and agenda, September 23, 2004
Board minutes and agenda, January 4, 2005
Board minutes and agenda, January 20, 2005
Board minutes and agenda, March 8, 2005
Board minutes and agenda, March 17, 2005
Board minutes and agenda, May 5, 2005
[two meetings]
Board minutes and agenda, May 10, 2005
Board minutes and agenda, May 19, 2005
Board minutes, July 21, 2005
Board minutes, August 12 and 23, 2005
Board minutes and agenda, September 22, 2005
Board minutes and agenda, November 8 and 17, 2005
Board minutes, January 24, 2006
Board minutes, March 23, 2006
Board minutes and agenda, May 18, 2006
Board minutes and agenda, July 11, 2006
Board minutes and agenda, September 21 and 29, 2006
Board minutes and agenda, October 19, 2006
Box
1998/118-4 Board minutes and agenda, November 16, 2006
Board minutes and agenda, January 26, 2007
Board minutes and agenda, February 15, 2007
Board minutes and agenda, February 23, 2007
Board minutes and agenda, March 22, 2007
Board minutes and agenda, April 4, 2007
Board minutes and agenda, May 17, 2007
Board minutes and agenda, May 31, 2007
Board minutes and agenda, July 19, 2007
Board minutes and agenda, August 8, 2007
Board minutes and agenda, August 28, 2007
Board minutes and agenda, September 20, 2007
Board minutes and agenda, November 13, 2007
Board minutes and agenda, November 29, 2007
[two meetings]
Board minutes and agenda, March 20, 2008
Board minutes and agenda, April 30, 2008
Board minutes and agenda, May 22, 2008
Board minutes and agenda, July 17, 2008
Board minutes and agenda, August 29, 2008
Board minutes and agenda, September 18, 2008
Board minutes and agenda, November 20, 2008
Board minutes and agenda, January 22 and 30, 2009
Board minutes and agenda, May 12, 2009
Board minutes and agenda, May 21, 2009
Board minutes and agenda, July 14, 2009
Board minutes and agenda, July 23, 2009
[two meetings]
Board minutes and agenda, September 8, 2009
Board minutes and agenda, September 17, 2009
[three meetings]
Board minutes and agenda, November 10, 2009
[two meetings]
Board minutes and agenda, November 19, 2009
Board minutes and agenda, January 21, 2010
Board minutes and agenda, January 28, 2010
Board minutes and agenda, March 18, 2010
Board minutes and agenda, April 9, 2010
Board minutes and agenda, June 10, 2010
Board minutes and agenda, July 30, 2010
Board minutes and agenda, September 23, 2010
Board minutes and agenda, November 9, 2010
Board minutes and agenda, November 18, 2010

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