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Detailed Debt Information – Bond Caps and Debt Outstanding

2017-18 Bond Caps and Debt Outstanding

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STATE-RELATED DEBT
FY 2018 BOND CAPS AND DEBT OUTSTANDING
(millions of dollars) (1)
  Type
of Cap
(Gross or Net)*
Program FY 2017
Bond Caps
Authorized
But
Unissued (2)
Debt
Outstanding (3)
As of 3/31/17
Education:
  Gross SUNY Educational Facilities (4) 12,343 1,670 8,165
  Net SUNY Dormitory Facilities (5) 1,561 68 650
  Net SUNY Upstate Community Colleges (5) 915 202 803
  Gross CUNY Educational Facilities (6) 7,982 917 4,727
  Net State Ed Department Facilities (7) 0 0 31
  Net SUNY Athletic Facilities 22 0 9
  Net RESCUE 195 0 32
  Net University Facilities (Jobs 2000) 48 1 0
  Net School District Capital Outlay Grants 140 40 0
  Net Judicial Training Institute  16 0 5
  Net Transportation Transition Grants 80 12 0
  Net Higher Education Capital Matching Grants 240 98 42
  Net EXCEL 2,600 44 1,775
  Net Library Facilities 183 43 80
  Net Cultural Education Storage Facilities 79 69 8
  Net State Longitudinal Data System 20 10 2
  Net SUNY 2020 Challenge Grants 660 600 43
  Net Private Special Education 55 55 0
Environment:
  Net Environmental Infrastructure Projects (8) 4,952 3,713 804
  Net Hazardous Waste Remediation 2,200 1,324 610
  Net Riverbank State Park  78 18 25
  Net Water Pollution Control (SRF) 875 138 171
  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 NYRA Land Acquisition/VLT Construction 355 0 15
  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 3 204
  Gross Mental Health Facilities  8,393 1,240 3,536
  Net HEAL NY Capital Program 750 95 380
  Net Capital Restructuring Program 2,700 2,700 0
Transportation:
  Gross Consolidated Highway Improvement Program (CHIPS) 9,700 1,502 4,109
  Net Dedicated Highway & Bridge Trust 16,500 2,077 6,560
  Net High Speed Rail  22 16 5
  Net Albany County Airport  40 1 0
  Net Transportation Initiatives 4,364 4,033 269
  Net MTA Transportation Facilities 1,520 1,520 0
  N/A MTA Service Contract 2,005 0 1,492
  Net Transportation (TIFIA) 750 750 0
Economic Development:
  Gross Housing Capital Programs 5,384 2,412 1,460
  Net Community Enhancement Facilities (CEFAP)  424 37 25
  Net University Technology Centers (incl. HEAT) (11) 248 13 9
  Gross Onondaga Convention Center 40 0 10
  Net Sports Facilities 145 0 26
  Net Child Care Facilities 30 1 7
  Net Bio-Tech Facilities 10 10 0
  Net Strategic Investment Program 216 19 14
  Net Regional Economic Development (Fund 002) (12) 1,190 24 158
  Net NYS Economic Development (2004) (13) 346 0 125
  Net Regional Economic Development (2004) (14) 243 221 7
  Net High Technology and Development 249 73 77
  Net Regional Economic Development/SPUR 90 24 13
  Net Buffalo Inner Harbor 50 0 33
  Net Jobs Now 14 1 0
  Net Economic Development 2006 (Various) (15) 2,310 305 1,271
  Net Javits Convention Center 1,350 1,350 0
  Net Queens Stadium (Mets) 75 0 30
  Net Bronx Stadium (Yankees) 75 0 38
  Net NYS Ec Dev Stadium Parking ('06) 75 69 5
  Net State Modernization Projects (RIOC Tram, etc.) 50 15 6
  Net Int. Computer Chip Research and Dev. Center 300 0 58
  Net 2008 and 2009 Economic Development Initiatives 1,269 204 523
  Net H.H. Richardson Complex/Darwin Martin House 84 0 61
  Net Economic Development Initiatives 6,708 5,023 1,457
  Net State and Municipal Facilities 1,925 1,817 98
LGAC Net Local Government Assistance Corporation 4,700 0 1,758
GO Gross General Obligation (16) 18,935 2,747 2,463
Total State-Supported Debt 141,628 39,921 49,622
Other State Financings:
Tobacco Settlement Financing Corporation Bonds     660
MBBA Special Purpose School Aid Bonds     203
Capital Lease and Mortgage Loan Commitments     542
Other (17)     224
Total State-Related Debt     51,251
* 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, 2017 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. Amounts outstanding reflect original par amounts or original gross proceeds in the case of capital appreciation bonds.
  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.

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