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Detailed Debt Information – Bond Caps and Debt Outstanding

FY 2019 Bond Caps and Debt Outstanding

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STATE-RELATED DEBT
FY 2019 BOND CAPS AND DEBT OUTSTANDING
(millions of dollars) (1)
  Type
of Cap
(Gross or Net)*
Program FY 2019
Bond Caps
Authorized
But
Unissued (2)
Debt
Outstanding (3)
As of 3/31/18
Education:
  Gross SUNY Educational Facilities (4) 13,179 1,132 9,150
  Net SUNY Dormitory Facilities (5) 1,561 68 394
  Net SUNY Upstate Community Colleges (5) 969 171 850
  Gross CUNY Educational Facilities (6) 8,315 836 4,967
  Net State Ed Department Facilities (7) 0 0 31
  Net SUNY Athletic Facilities 22 0 7
  Net RESCUE 195 0 14
  Net University Facilities (Jobs 2000) 48 1 0
  Net School District Capital Outlay Grants 140 40 0
  Net Judicial Training Institute  16 0 3
  Net Transportation Transition Grants 80 12 0
  Net Higher Education Capital Matching Grants 270 128 26
  Net EXCEL 2,600 44 1,738
  Net Library Facilities 217 61 85
  Net Cultural Education Storage Facilities 79 69 8
  Net State Longitudinal Data System 20 10 1
  Net SUNY 2020 Challenge Grants 660 543 88
  Net Private Special Education 55 55 0
Environment:
  Net Environmental Infrastructure Projects (8) 5,147 3,576 1,048
  Net Hazardous Waste Remediation 2,200 1,166 711
  Net Riverbank State Park  78 18 17
  Net Water Pollution Control (SRF) 910 128 189
  Net Pipeline for Jobs (Jobs 2000) 34 2 0
  Net Pilgrim Sewage Plant  11 0 0
State Facilities:
  Net Empire State Plaza 133 13 0
  Net State Capital Projects (Attica) 200 0 72
  Net Division of State Police Facilities 174 55 99
  Net Division of Military & Naval Affairs 47 29 13
  Net Alfred E. Smith Building 89 0 45
  Net Sheridan Ave. (Elk St.) Parking Garage 25 0 16
  Net State Office Buildings and Other Facilities 655 298 271
  Net Judiciary Improvements 38 1 19
  Net OSC State Buildings 52 0 18
  Net Albany Parking Garage (East) 41 0 20
  Net OGS State Buildings and Other Facilities (9) 140 26 75
  Net Equipment Acquisition (COPs) (10) 784 106 119
  Net Food Laboratory 40 0 33
  Net OFT Facilities 21 18 2
  Net Courthouse Improvements 76 6 48
  Gross Prison Facilities  7,741 854 4,039
  Net Homeland Security 250 91 117
  Gross Youth Facilities 683 257 183
  Net Storm Recovery Capital 450 450 0
  Net Information Technology  451 269 149
  Net Nonprofit Infrastructure Capital Investment Program 120 120 0
Health/Mental Hygiene:
  Net Department of Health Facilities (inc. Axelrod) 495 3 186
  Gross Mental Health Facilities  8,779 1,331 3,509
  Net HEAL NY Capital Program 750 95 340
  Net Capital Restructuring Program 3,050 2,994 52
Transportation:
  Gross Consolidated Highway Improvement Program (CHIPS) 10,252 1,621 4,218
  Net Dedicated Highway & Bridge Trust 16,500 1,977 6,082
  Net High Speed Rail  22 14 6
  Net Albany County Airport  40 1 0
  Net Transportation Initiatives 4,500 3,633 719
  Net MTA Transportation Facilities 1,694 1,444 214
  N/A MTA Service Contract 2,005 0 1,419
  Net Transportation (TIFIA) 750 750 0
Economic Development:
  Gross Housing Capital Programs 5,981 2,922 1,361
  Net Community Enhancement Facilities (CEFAP)  424 37 14
  Net University Technology Centers (incl. HEAT) (11) 248 13 6
  Gross Onondaga Convention Center 40 0 7
  Net Sports Facilities 145 0 15
  Net Child Care Facilities 30 1 5
  Net Bio-Tech Facilities 10 10 0
  Net Strategic Investment Program 216 17 12
  Net Regional Economic Development (Fund 002) (12) 1,190 38 137
  Net NYS Economic Development (2004) (13) 346 0 106
  Net Regional Economic Development (2004) (14) 293 255 8
  Net High Technology and Development 249 73 60
  Net Regional Economic Development/SPUR 90 18 15
  Net Buffalo Inner Harbor 50 0 30
  Net Jobs Now 14 1 0
  Net Economic Development 2006 (Various) (15) 2,310 267 1,161
  Net Javits Convention Center 1,350 1,350 0
  Net Queens Stadium (Mets) 75 0 28
  Net Bronx Stadium (Yankees) 75 0 34
  Net NYS Ec Dev Stadium Parking ('06) 75 69 4
  Net State Modernization Projects (RIOC Tram, etc.) 50 15 5
  Net Int. Computer Chip Research and Dev. Center 300 0 37
  Net 2008 and 2009 Economic Development Initiatives 1,269 176 453
  Net H.H. Richardson Complex/Darwin Martin House 84 0 57
  Net Economic Development Initiatives 8,301 5,698 2,170
  Net State and Municipal Facilities 2,324 1,949 350
LGAC Net Local Government Assistance Corporation 4,700 0 1,370
GO Gross General Obligation (16) 18,935 2,747 2,371
Total State-Supported Debt 141,628 40,453 51,266
Other State Financings:
Tobacco Settlement Financing Corporation Bonds     0
MBBA Special Purpose School Aid Bonds     172
Capital Lease and Mortgage Loan Commitments     536
Other (17)     194
Total State-Related Debt (18)     52,167
* Gross caps include cost of issuance fees. Net caps do not. 
Source:  NYS DOB
  1. Includes only authorized programs that are active at March 31, 2018 or have outstanding program balances or both.
  2. Amounts issued may exceed the stated amount authorized by premiums, by providing for the cost of issuance, reserve fund requirements and, in certain circumstances, refunding bonds. In some cases, Authorized but Unissued bond cap amounts have been reduced by the higher of (i) net bond proceeds available to fund program, or (ii) par amount of bonds issued.
  3. Reflects par amounts outstanding for bonds and financing arrangements or gross proceeds outstanding in the case of capital appreciation bonds. Amounts do not reflect accretion of capital appreciation bonds or premiums received.
  4. Authorization also includes any amount necessary to refund outstanding Housing Finance Agency State University Construction Bonds, all of which have been refunded.
  5. Authorization applies to bonds issued after March 31, 2002, prior to that date there was no limit.
  6. The amount outstanding includes CUNY Community Colleges bonds for which the State pays debt service. The total amount authorized for CUNY Senior Colleges was unlimited for resolutions adopted prior to 7/1/85 and limited to $7.982 billion for both CUNY Senior and CUNY Community Colleges for resolutions adopted after 7/1/85.
  7. Legislation enacted in May 2002 prohibits further issuance of bonds for this purpose, except for refunding purposes.
  8. Includes bonds issued for West Valley, DEC Environmental Infrastructure Projects, Environmental Protection Fund, Onondaga Lake, and the Office of Parks and Recreation and Historic Preservation.
  9. Includes debt outstanding for OGS Buildings: 44 Holland Ave., 50 Wolf Rd., 625 Broadway Ave., Hampton Plaza, and DOT Region 1.
  10. Authorized amounts includes Certificates of Participation, which have been issued as bonds after March 31, 2003.
  11. Includes authorizations for Science and Technology Center (Syracuse), Super Computer Center (Cornell), Center for Telecommunications (Columbia), HEAT, Center for Industrial Innovation (City of Troy), Center for Advanced materials (Clarkson), Center for Electro-Optic (Rochester), Center for Neural Sciences (NYU) and Center for Incubator Facilities.
  12. Includes bonds issued for Community Capital Assistance Program (CCAP), Rebuilding the Empire State Through Opportunities in Regional Economies Program (RESTORE), Empire Opportunity Fund (EOF), Generating Employment Through New York Science Program (Gen*NY*sis), Multi-Modal Transportation Program, and Center of Excellence Program (Laws of 2002).
  13. Includes bonds to be issued for economic development projects outside cities of 1 million or more in population.
  14. Includes bonds issued for the EOF, RESTORE and CCAP.
  15. Includes bonds to be issued for economic development and environmental projects.
  16. Estimated.
  17. Includes bonds issued for Secured Hospital Program, HFA Moral Obligation Bonds, and the JDA State-guaranteed bonds.
  18. Capital leases and mortgage loan commitments are included in all figures and references to State-related debt in this AIS unless otherwise specifically noted.

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