WHEREAS, the Board has considered the matter of
which bid is most advantageous to the Board;


NOW, THEREFORE, THE BOARD HEREBY RESOLVES AS
FOLLOWS:

     1.  That the Series E Resolution, as passed
and adopted by the Executive Committee on March 4,
1986, is hereby approved, ratified, and confirmed
in all respects;

     2.  That the proposal of J.C. Bradford & Co. and Associates
as follows, for the purchase of the $2,890,000
"University of Kentucky Community Colleges Educa-
tional Buildings Revenue Bonds, Series E," dated
April 1, 1986, ("the Series E Bonds") is hereby
accepted as the highest and best bid:



Interest
Rate (%)

  5.00
  5.25
  5.50
  5.60
  5.75
  6.00
  6.10
  6.25
  6.40
  6.50
  6.60
  6.70
  6.80
  6.90
  7.00
  7.00
  7.00
  7.00
  7.00
  7.00



Aggregate
Principal
  Amount

  $ 75,000
  $ 80,000
  $ 80,000
  $ 85,000
  $ 90,000
  $ 95,000
  $105,000
  $110,000
  $115,000
  $125,000
  $135,000
  $145,000
  $155,000
  $165,000
  $180,000
  $200,000
  $210,000
  $225,000
  $250,000
  $265,000



Net Interest Cost =



2,586,356.67
6. 97209%



     3.   That the interest rates on the Series E
Bonds are hereby fixed at the rates set out in the
said accepted proposal;

     4.   That the Series E Bonds as identified in
the Series E Resolution shall be delivered by the



5



  Bonds
Maturing
  May 1,

  1987
  1988
  1989
  1990
  1991
  1992
  1993
  1994
  1995
  1996
  1997
  1998
  1999
  2000
  2001
  2002
  2003
  2004
  2005
  2006