WHEREAS, the State Board of Technical and Adult Education (hereinafter referred to as the "Board"), under the authority of the Constitution and laws of the State of Georgia, has been charged with the responsibility for providing a comprehensive program of literacy, career, occupational, and technical education for adults and out-of-school youths; and

WHEREAS FURTHER, pursuant to paragraphs 2 and 3 of section 4 of article 7 of the Constitution of the State of Georgia, Ga. Const. art. 7, §4, s 2 and 3 (1983), the amended General Appropriations Act for fiscal year 1998-1999 (Act No. 146, 1999 Regular Session), was enacted by the General Assembly and signed by the Governor on April 12, 1999, so as to make the following appropriations to the General Obligation Bond Sinking Fund:

From the appropriation designated "State General Funds (New)," $86,000 is specifically appropriated for the Department of Technical and Adult Education to provide public library facilities by grant to the governing board Glynn County Library [sic] for that library, through the issuance of not more than $1,000,000 in principal amount of General Obligation Debt, the instruments of which shall have maturities not in excess of two hundred and forty months.

From the appropriation designated "State General Funds (New)," $2,045,080 is specifically appropriated for the purpose of financing projects and facilities for the Department of Technical and Adult Education, by means of the acquisition, construction, development, extension, enlargement, or improvement of land, waters, property, highways, buildings, structures, equipment or facilities, both real and personal, necessary or useful in connection therewith, through the issuance of not more than $23,780,000 in principal amount of General Obligation Debt, the instruments of which shall have maturities not in excess of two hundred and forty months.

From the appropriation designated "State General Funds (New)," $211,990 is specifically appropriated for the purpose of financing projects and facilities for the Department of Technical and Adult Education, by means of the acquisition, construction, development, extension, enlargement, or improvement of land, waters, property, highways, buildings, structures, equipment or facilities, both real and personal, necessary or useful in connection therewith, through the issuance of not more than $2,465,000 in principal amount of General Obligation Debt, the instruments of which shall have maturities not in excess of two hundred and forty months.

WHEREAS FURTHER, the Board finds an immediate need for $1,000,000 in principal amount of State of Georgia General Obligation Bonds for the library facilities described in the first appropriation set forth above; and

WHEREAS FURTHER, the Board finds an immediate need for $20,210,000 in principal amount of State of Georgia General Obligation Bonds out of the $23,780,000 appropriated for the projects and facilities described in the second appropriation set forth above; and

WHEREAS FURTHER, the Board finds an immediate need for $2,465,000 in principal amount of State of Georgia General Obligation Bonds for the projects and facilities described in the third appropriation set forth above; and

WHEREAS FURTHER, the Georgia State Financing and Investment Commission Act, O.C.G.A. §50-17-20, et seq. (1998), provides that general obligation debt can only be issued for the benefit of the State, its departments, agencies and institutions, and those state authorities created and activated prior to November 8, 1960; and

WHEREAS FURTHER, the Board and the Department of Technical and Adult Education have been established respectively by Code sections 20-4-10 and 20-4-14, O.C.G.A. §§20-4-10 and 20-4-14 (1996); and

WHEREAS FURTHER, the Board desires to request the issuance of State of Georgia General Obligation Bonds in the aggregate principal amount of $23,675,000 for the projects and facilities described in the first, second, and third appropriations set forth above, hereinafter referred to as the "Projects"; and

WHEREAS FURTHER, the Board is aware of the provisions and requirements of the Internal Revenue Code of 1986, as amended, (the "Tax Code") and the regulations issued thereunder respecting arbitrage bonds and private activity bonds, and is aware that the Projects must proceed with due diligence and be timely completed following receipt of the proceeds derived from the sale of general obligation bonds,

NOW, THEREFORE, BE IT RESOLVED BY THE STATE BOARD OF TECHNICAL AND ADULT EDUCATION:

SECTION 1.
That the Board hereby approves and authorizes financing the Projects as described above.

SECTION 2.
That the Board hereby recommends to the Georgia State Financing and Investment Commission that it undertake to issue $23,675,000 in aggregate principal amount of general obligation debt, the instruments of which shall have maturities not in excess of two hundred and forty months, for the purpose of financing the Projects.

SECTION 3.
That the Board hereby determines that the final plans for the Projects are sufficiently complete such that substantial binding obligations, involving the expenditure of at least five percent (5%) of the proceeds of the bonds (as defined in the regulations issued under the Tax Code), to commence or acquire the Projects will be incurred within six (6) months after the issuance of the bonds, that eighty-five percent (85%) of the spendable proceeds of the bonds will be expended within three (3) years after the issuance of the bonds, and that the original proceeds of the bonds herein requested and anticipated investment proceeds (net of interest on the bonds during the estimated period of construction) will not exceed by more than five percent (5%) the amount necessary for financing the Projects.

The Board further determines that during the time the bonds are outstanding, it will not take or omit to take any action which would cause the bonds to be arbitrage bonds under the Tax Code, and it will not use the proceeds of the bonds or the Projects financed with the bonds for any non-governmental purpose or any purpose constituting a private activity as defined by the Tax Code.

The Board further determines that no proceeds of the bonds will be used for reimbursement of any Project expenditures which were made before the anticipated delivery date of the bonds, except in situations where prior to such expenditure the Board obtains a Declaration of Intent from the Georgia State Financing and Investment Commission or is otherwise advised in writing by the Commission that such reimbursement will be permitted, it being the intention of the Board to comply in all respects with Section 1.150-2 of the Regulations under the Tax Code.

SECTION 4.
That the Board hereby approves, authorizes and directs the Commissioner of the Department to communicate a request to the Georgia State Financing and Investment Commission that said Commission issue the general obligation debt as described in Section 2 above.

SECTION 5.
That the Commissioner of the Department of Technical and Adult Education is hereby authorized and directed to execute any instruments and take whatever action which may be necessary in connection with the issuance of general obligation bonds by the Georgia State Financing and Investment Commission, including but not limited to, the preparation and execution of answers in connection with any legal proceeding as to the validity of any action by the Board for the bonds issued by the Georgia State Financing and Investment Commission. The Attorney General or any Assistant Attorneys General of the State of Georgia is authorized to execute acknowledgment of service and waiver of process of such legal proceedings.

WHEREAS, Jean M. Hartin served as a member of the Georgia Board of Technical and Adult Education, representing the state's Third Congressional District, from 1990 to 1999; and

WHEREAS, Jean Hartin was appointed by Governor Joe Frank Harris and reappointed by Governor Zell Miller to continue her service in this role: and

WHEREAS, Jean served as Chair of the Board's Standards and Programs Committee, and as a member of the Communications Committee and the Appeals Committee of the Board; and

WHEREAS, Jean was instrumental in the conversion of locally operated technical schools to state management and, hence, the development of a unified statewide system of technical institutes and literacy programs; and

WHEREAS, Representing the interests of business and health organizations, she provided exceptional leadership for program vision, development and implementation at technical institutes throughout the State of Georgia; and

WHEREAS, Jean's enthusiastic advocacy for technical and adult education in Georgia is unsurpassed, and her dignified demeanor and professionalism are a model to Board members.

NOW, THEREFORE, BE IT RESOLVED by the Georgia Board of Technical and Adult Education that Jean M. Hartin be recognized and commended for her dedicated and committed service to the development of a statewide system of technical and adult education in Georgia.

BE IT FURTHER RESOLVED that a copy of this Resolution be presented to Jean M. Hartin with the heartfelt appreciation of the staff of the Department of Technical and Adult Education, and the continued admiration of the Georgia Board of Technical and Adult Education.

Adopted this 6th day of January 2000.