These datasets are a compilation of the new debt issuances contained within the annual reports submitted by public authorities. They include information reported by public authorities about the new debt issued during the reporting period, including the type of debt, project name, debt program, and debt amount. The dataset contains information that covers 8 fiscal years, which includes fiscal years ending in the most recently completed calendar year.
Authorities are not required to enter information in all the fields of the new debt issuance. Authorities that indicated they issued no new debt during the reporting period are included in the report with the corresponding fields blank. The ABO is not responsible for verifying the accuracy or reasonableness of the data reported, and does not verify or confirm the accuracy of the data. Specific details regarding the reported new debt issuance would need to be clarified by the reporting authority.
The debt reported by authorities can be of any of the following types of debt:
State Guaranteed – Debt that the State unconditionally guarantees the payment of debt service pursuant to voter approval.
State Supported – Debt that is recognized as State‐Supported under Section 67‐a of the State Finance Law.
State Contingent Obligation – Debt that the State entered into a service contract to pay debt service, subject to annual appropriation, in the event there are shortfalls in primary payment sources pledged, or otherwise available, to pay debt service.
State Moral Obligation – Debt that the State is required by statutory provision, subject to appropriation by the Legislature, to make up any deficiencies which may occur in the issuer's debt service reserve fund.
Other State‐Funded – Debt whose repayment is exclusively dependent upon a payment to be made by the State, whether paid directly or indirectly through State‐Aid payment interception or assignment, other than debt that is defined as State‐supported.
Authority Debt ‐ General Obligation ‐ Bonds or notes for which the full faith and credit of the issuer are pledged to pay debt service.
Authority Debt ‐ Revenue ‐ Bonds or notes for which a specific revenue source or sources of the issuer are pledged to pay the debt service.
Authority Debt ‐ Other ‐ Debt that is special or limited obligations of the issuer other than conduit debt. Include certificates of participation, commercial loans, mortgage loans, and other financing obligations. Does not include capital leases, equipment leases, or Appropriated Loans/First Instance Advances.
Conduit Debt ‐ Bonds or notes issued to finance a project for a specific third party, excluding New York State. The security for such bond or note is the credit of the third party rather than the issuer and the issuer has no obligation to repay the debt beyond the resources provided by that third party. Also considered conduit debt is New York State collateralized borrowing, where the security for such debt is the pledge of a future revenue stream, and the issuer has no obligation to repay the debt beyond the resources provided by the pledge of such future stream of revenues.