Minutes of the Texas Water Resources Finance Authority July 14, 1999

Chairman Charles Geren called to order the meeting of the Texas Water Resources Finance Authority in Room 118 of the Stephen F. Austin Building, Austin, Texas. The following Board members were present, constituting a quorum: Charles Geren, Chairman Noe Fernandez, Vice Chairman Wales H. Madden, Jr., Secretary/Treasurer William B. Madden, Member Elaine Barron, Member Jack Hunt, Member .

Persons attending were among those present at the Texas Water Development Board meeting of the same date.

The Authority then considered items on the formal agenda in the following order.

1. Consider approval of the minutes of the May 19, 1999 meeting. Mr. Fernandez moved to approve the minutes as submitted; Mr. Hunt seconded the motion; it passed unanimously 6-0.

2. Consider approval of amendments to the Texas Water Resources Finance Authority FY 1999 and 2000 operating budgets. Ms. Lisa Glenn, Program Administrator, OPFCA, recommended approval of an $80,000 increase to each of the FY 99 and FY 2000 operating budgets for a revised total budget of $363,324 for each fiscal year. She said the amendment was necessary to cover increased workload and related expenditures resulting from refinancing of the TWRFA portfolio Mr.

Wales Madden moved to approve the staff recommendation; Dr. Barron seconded the motion; it passed unanimously 6-0.

The meeting was adjourned.

APPROVED and ordered of record this the 18th day of August, 1999.

TEXAS WATER RESOURCES FINANCE AUTHORITY

Charles L. Geren, Chairman ATTEST: Wales H. Madden, Jr., Secretary/Treasurer