Sheila Barnett

The meeting focused on the issuance and sale of various state bond series, including General Obligation Bonds 2026A, 2026B (Federally Taxable), and General Obligation Refunding Bonds 2026C, all awarded to J.P. Morgan Securities (with BofA Securities also included for 2026C). The Commission approved contract value authority for FY 2027 multi-year lease agreements for the State Properties Commission and the Board of Regents. Additionally, the Commission approved the redirection of bond and capital project funds for the Technical College System of Georgia, as well as the FY 2027 Operating Budgets for both the Commission itself and the Transportation Investment Act Program. An information item regarding minor redirection transactions was also presented.

The commission delegated executive secretary authority to Gerald Pilgrim. Additionally, the commission approved bond resolutions authorizing the issuance and sale of State of Georgia General Obligation Bonds in the amount of $687,575,000 for series 2026A, $160,460,000 for series 2026B (Federally Taxable), and $814,010,000 for series 2026C General Obligation Refunding Bonds.

The meeting included the consideration and unanimous approval of the proposed Authority Budget for Fiscal Year 2027. Additionally, the Board held an election for the position of Vice-Chair, resulting in the selection of Dallas Smith to serve during the upcoming fiscal year.

The meeting was called to order, and following a roll call establishing a quorum, the minutes of the previous meeting held on October 30, 2025, were unanimously approved. The key business item discussed was a request to approve a supplemental bond resolution pertaining to the issuance and sale of Authority revenue bonds, specifically Series 2026A and Series 2026B. The meeting was subsequently adjourned.

The meeting included discussion and approval of several key items. The Georgia Housing and Finance Authority received approval to issue and sell up to $1 billion of single-family mortgage revenue bonds for a specified period and also secured approval for their underwriting team. The State Properties Commission obtained approval to amend the maximum contract value authority for multi-year leases. The meeting concluded with a motion for adjournment.