Item 49

Authorize to proceed with the sale and issuance of up to $80 million of general obligation (“new money”) bonds through a competitive process, negotiated sale, or private placement. This resolution will have an expiration date of January 31, 2023. (2)Further authorize the State Treasurer to conduct the sale and issuance of up to $55 million of general obligation refunding bonds through a competitive process, negotiated sale, or private placement to refund outstanding general obligation bonds of the State to generate net present value debt service savings. This resolution will also have an expiration date of January 31, 2023.