Alamo Community College District
San Antonio, TX

MEETING OF THE BOARD OF TRUSTEES
AUDIT, BUDGET & FINANCE COMMITTEE

WEDNESDAY, AUGUST 1, 2007

UPON ADJOURNMENT OF THE BUILDING, GROUNDS & SITES SELECTION COMMITTEE MEETING

GEORGE E. KILLEN COMMUNITY
EDUCATION & SERVICE CENTER
101 COMMUNITY MEETING ROOM
201 W. SHERIDAN
SAN ANTONIO, TEXAS

NOTICE IS HEREBY GIVEN THAT THE AUDIT, BUDGET & FINANCE COMMITTEE OF THE BOARD OF TRUSTEES OF THE ALAMO COMMUNITY COLLEGE DISTRICT WILL MEET ON THE 1ST DAY OF AUGUST AT UPON ADJOURNMENT OF THE BUILDING, GROUNDS, & SITES SELECTION COMMITTEE MEETING.

This meeting of the Audit, Budget & Finance Committee, being held for the reasons listed below, is authorized in accordance with the Texas Government Code, Sections 551.001 - 551.146. Verification of Notice of Meeting and Agenda are on file in the Office of the Chancellor. Executive Session, if required, is authorized by the statute and will be conducted prior to the conclusion of the meeting. If, during the course of the meeting, any discussion of any item listed on the agenda should be held in Executive Session, the Committee will convene in such Executive Session meeting in accordance with Tex. Govt Code §§ 551.071- 551.084. The Committee members must take action in the open portion of the meeting on items discussed in the Executive Session. The Committee will consider, discuss, and take appropriate action regarding the following items:

AGENDA

CALL TO ORDER AND ROLL CALL

CERTIFICATION AND POSTING OF NOTICE
EXECUTIVE SESSION
Pursuant to Section 551.074(a) (1) of the Texas Government Code, the Board will consult with its attorney to seek her advice on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with this chapter.
Any action on these matters will be taken in open session.

RECONVENE OPEN MEETING
Action (if any) on Items Discussed in Executive Session.

FISCAL AFFAIRS

Discussion and Recommendation on Authorization for First Southwest Company to Proceed With Sale of Combined Fee Revenue Bonds, Series 2007-A to Net $5 Million and Selection of Underwriting Syndicate .............1

Discussion and Recommendation on Authorization for First Southwest Company to Proceed With Sale of Maintenance Tax Notes to Net $81.5 Million and Selection of Underwriting Syndicate .............2

Discussion and Recommendation for First Southwest Company to Proceed With Flexible Repurchase Agreement Investment and Approval of List of Providers for the Transaction .............3

ADJOURNMENT

POSTED AT THE ACCD GEORGE E. KILLEN COMMUNITY EDUCATION & SERVICE CENTER (201 W. SHERIDAN) AT _______ P.M. ON THIS 27th DAY OF July, 2007.

This meeting site is wheelchair accessible. The accessible entrance is located at the front entrance to Building E (entrance faces S. Flores Street). Accessible parking spaces are located in front of Building E, located in the parking lot that faces on S. Flores. Auxiliary aids and services are available upon request (interpreters for the deaf must be requested twenty-four hours prior to the meeting) by calling 210-208-8020.

______________________________
Denver McClendon, Chairman
Audit, Budget and Finance Committee

____________________________
Dr. Bruce H. Leslie
ACCD Chancellor
_____________________________
Roberto Zárate, Chairman
ACCD Board of Trustees