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Detailed Debt Information – Bond Caps and Debt Outstanding

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FY 2020 Bond Caps and Debt Outstanding

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STATE-RELATED DEBT
FY 2020 BOND CAPS AND DEBT OUTSTANDING
(millions of dollars) (1)
  Type
of Cap
(Gross or Net)*
Program FY 2020
Bond Caps
Authorized
But
Unissued (2)
Debt
Outstanding (3)
As of 3/31/19
Education:
  Gross SUNY Educational Facilities (4) 13,842 1,429 9,240
  Net SUNY Dormitory Facilities (5) 1,561 68 368
  Net SUNY Upstate Community Colleges (5) 1,006 133 885
  Gross CUNY Educational Facilities (6) 8,674 956 5,021
  Net State Ed Department Facilities (7) 0 0 30
  Net SUNY Athletic Facilities 22 0 6
  Net RESCUE 195 0 13
  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 300 152 22
  Net EXCEL 2,600 44 1,666
  Net Library Facilities 251 72 97
  Net Cultural Education Storage Facilities 79 69 8
  Net State Longitudinal Data System 20 10 0
  Net SUNY 2020 Challenge Grants 660 497 123
  Net Private Special Education 130 130 0
Environment:
  Net Environmental Infrastructure Projects (8) 5,638 3,841 1,197
  Net Hazardous Waste Remediation 2,200 1,101 741
  Net Riverbank State Park  78 18 17
  Net Water Pollution Control (SRF) 910 128 185
  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 38
  Net Division of State Police Facilities 272 118 126
  Net Division of Military & Naval Affairs 92 66 19
  Net Alfred E. Smith Building 89 0 30
  Net Sheridan Ave. (Elk St.) Parking Garage 25 0 12
  Net State Office Buildings and Other Facilities 953 474 355
  Net Judiciary Improvements 38 1 13
  Net OSC State Buildings 52 0 15
  Net Albany Parking Garage (East) 41 0 17
  Net OGS State Buildings and Other Facilities (9) 165 51 55
  Net Equipment Acquisition (COPs) (10) 784 106 36
  Net Food Laboratory 41 1 31
  Net OFT Facilities 21 18 2
  Net Courthouse Improvements 76 4 45
  Gross Prison Facilities  8,495 1,167 4,001
  Net Homeland Security 286 118 109
  Gross Youth Facilities 805 312 233
  Net Storm Recovery Capital 450 450 0
  Net Information Technology  677 294 313
  Net Nonprofit Infrastructure Capital Investment Program 120 97 21
  Net Statewide Equipment 93 93 0
Health/Mental Hygiene:
  Net Department of Health Facilities (inc. Axelrod) 495 3 150
  Gross Mental Health Facilities  9,333 1,606 3,515
  Net HEAL NY Capital Program 750 95 272
  Net Capital Restructuring Program 3,050 2,863 168
Transportation:
  Gross Consolidated Highway Improvement Program (CHIPS) 10,806 1,748 4,354
  Net Dedicated Highway & Bridge Trust 16,500 1,527 5,967
  Net High Speed Rail  22 14 6
  Net Albany County Airport  40 1 0
  Net Transportation Initiatives 4,648 3,181 1,236
  Net MTA Transportation Facilities 2,180 1,294 805
  N/A MTA Service Contract 2,005 0 1,341
  Net Transportation (TIFIA) 750 750 0
Economic Development:
  Gross Housing Capital Programs 6,291 3,005 1,419
  Net Community Enhancement Facilities (CEFAP)  424 37 12
  Net University Technology Centers (incl. HEAT) (11) 248 13 3
  Gross Onondaga Convention Center 40 0 4
  Net Sports Facilities 145 0 2
  Net Child Care Facilities 30 1 5
  Net Bio-Tech Facilities 10 10 0
  Net Strategic Investment Program 216 16 10
  Net Regional Economic Development (Fund 002) (12) 1,190 43 98
  Net NYS Economic Development (2004) (13) 346 0 85
  Net Regional Economic Development (2004) (14) 243 204 7
  Net High Technology and Development 249 69 48
  Net Regional Economic Development/SPUR 90 18 15
  Net Buffalo Inner Harbor 50 0 28
  Net Jobs Now 14 1 0
  Net Economic Development 2006 (Various) (15) 2,310 261 1,045
  Net Javits Convention Center 1,350 1,350 0
  Net Queens Stadium (Mets) 75 0 25
  Net Bronx Stadium (Yankees) 75 0 14
  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 14
  Net 2008 and 2009 Economic Development Initiatives 1,269 154 390
  Net H.H. Richardson Complex/Darwin Martin House 84 0 54
  Net Economic Development Initiatives 9,822 6,054 3,102
  Net State and Municipal Facilities 2,799 2,298 447
LGAC Net Local Government Assistance Corporation 4,700 0 1,195
GO Gross General Obligation 18,935 2,454 2,286
Total State-Supported Debt 154,411 41,240 53,224
* 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, 2019 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.

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