Current Meeting Notice
|Agency Name:||Texas Agricultural Finance Authority|
|Date of Meeting:||01/22/2019|
|Time of Meeting:||10:00 AM (Local Time)|
|Board:||Texas Agricultural Finance Authority|
|Street Location:||Texas Farm Bureau Conference Center, 7410 Fish Pond Road|
|City Location:||Waco, Texas 76710|
|Additional Information Obtained From:||Mindy Fryer, 1700 North Congress Avenue, Austin, Texas (512) 463-6908|
I. Call to Order/Roll Call.
II. Opening Remarks and Introductions.
III. Discussion and Action on minutes of the June 13, 2018 board meeting.
IV. Annual Financial Audit -Discussion and Action.
a. Presentation/Review of the 2018 Audited Financial Statements as conducted by Martinez, Rosario & Company, LLP, CPAs.
b. Possible action on and approval of same.
V. TAFA Procurement/Solicitations
a. Discussion and possible action on:
i. renewal of the contract with Martinez, Rosario & Company, LLP, CPAs.
ii. RFQ for 3rd Party to review TAFA and draft updated policy and procedures.
iii. RFQ/RFP for financial advisor
iv. RFQ/RFP for outside counsel
VI. Discussion and possible action related to TAFA bonding authority, including how to best utilize TAFA's bonding authority and election of a sub-committee to assist with program development and implementation.
VII. Presentation of TAFA overview by TDA staff TAFA, including discussion of program history and unpaid obligations. Possible action related to unpaid obligations, Interest Rate Reduction program, and Young Farmer Interest Rate Reduction program.
a. Agricultural Loan Guarantee. - Discussion of outstanding obligations; recommendations, discussion and possible action on guarantee limits, types of loans, and composition of loan guarantee portfolio.
b. Young Farmer Guarantee. - Discussion of outstanding obligations and possible action related to same.
c. Rural Municipal Finance.
i. Discussion of outstanding obligations and possible action related to same.
ii. Discussion of Bolivar, Bells and Dorchester loans and possible action regarding interest rates.
d. Interest Rate Reduction/Young Farmer Interest Rate Reduction. - Discussion of outstanding obligations and possible action related to same. Discussion and possible action on use of programs for natural disaster recovery.
VIII. Presentation of, discussion on, and possible action regarding Young Farmer Grants.
a. Discussion of pending grant applications, and possible action to make awards and fund particular grant applications.
b. Discussion of and possible action on board and / or staff recommendations for improvements to the grant making process.
c. Set dates for the next round of grant applications.
IX. Other Business Raised at Meeting: Response and action to be placed on next agenda.
X. Public Comment.