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Record Group Number: 000120
Series/Collection Number: .S 2215
Creator: Florida Prepaid College Program.
Title, Dates: Chairman Stanley G. Tate's program correspondence, 1991-1999.
Amount: 1.00 cubic ft.
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Organization/Arrangement: Chronological by year
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Biographical/Historical:     The State Board of Administration (SBA) is a constitutional entity of Florida state government that provides a variety of investment services to various governmental entities. Created by the Florida Legislature in 1929 (Chapter 14486, Laws of Florida; amended to the 1885 Constitution as Article IV, Section 16, 1942, Senate Joint Resolution 324, 1941; continued under Article XII, Section 9, 1968 Constitution and Ch. 69-106, Laws), its members are the Governor, the Chief Financial Officer, and the Attorney General. The Board's statutory mandate is to invest, manage and safeguard assets of the Florida Retirement System (FRS) and its 25 trust funds and pension plans used for a number of investment services. In addition, the SBA provides administrative services to the Florida Prepaid College Board and the Division of Bond Finance.

    The Florida Legislature established the Florida Prepaid College Program in 1987 (Ch. 87-132, Laws). Managed by a seven member Board, this program's purpose is to provide options to finance college educations in the State of Florida. Stanley G. Tate was the first Chairman of the board from its inception in 1988 and he continued in that position until 2005. In 2006, Governor Jeb Bush signed HB 263 that renamed the program the Stanley G. Tate Florida Prepaid College Program.
Summary:     This series includes correspondence between Chairman Stanley G. Tate and the Program's Executive Director William W. Montjoy and Thomas J. Wallace from 1991 through 1999. Topics include: financial and investment status of the Program; major policy issues under consideration; comparing and contrasting programs in other states; competing private college investment programs; and arguments supporting the program's stability and importance in response to critical media attention. These records also include copies of Executive Summary Reports and copy of Investment Management Agreement, as well as news clippings and various media publications attached to correspondence on the subject.
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Subject Access Fields: Tate, Stanley G.
Florida. State Board of Administration.
Education Costs Florida
Universities and colleges Florida
Clippings. aat
Added Entries Florida. State Board of Administration.