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New Debt Issuance for Local Authorities
Public authorities are required by Section 2800 of Public Authorities Law to submit annual reports to the Authorities Budget Office that includes debt information. The dataset consists of new debt issuances reported by Local Authorities that covers 8 fiscal years, which includes fiscal years ending in the most recently completed calendar year.
Columns
| Name | Socrata field name | Column name in sgr mount | Data type | Description |
|---|---|---|---|---|
| Cost Of Issuance | cost_of_issuance | cost_of_issuance | Number | The expenses associated with the sale of a new issue of municipal securities, including such items as printing, legal and rating agency fees and others. In certain cases, the underwriter's discount may be considered one of the costs of issuance. This field is blank when the Authority reported having no new debt issuances. |
| Authority Name | authority_name | authority_name | Text | Name of the Public Authority |
| Term Years | term_years | term_years | Number | The length of the bond (in years) until it matures. This field is blank when the Authority reported having no new debt issuances. |
| Bond Closing Date | bond_closing_date | bond_closing_date | Calendar date | The date of bond issuance. This field is blank when the Authority reported having no new debt issuances. |
| Issue Process | issue_process | issue_process | Text | Indicates the method of sale used for the new issuance. Authorities may select from the following: Competitive or Negotiated. This field is blank when the Authority reported having no new debt issuances. |
| True Interest Cost | true_interest_cost | true_interest_cost | Number | The effective rate of interest compounded semi-annually on the amount of bonds issued, plus the cost of issuance, expressed as a percentage. This information should be available from the bond counsel, or available from the official statement. This field is blank when the Authority reported having no new debt issuances. |
| Refunding Amount | refunding_amount | refunding_amount | Number | Total refunding amount. This field is blank when the Authority reported having no new debt issuances. |
| Interest Type | interest_type | interest_type | Text | Indicates whether the interest rate is fixed or variable. This field is blank when the Authority reported having no new debt issuances. |
| Fiscal Year End Date | fiscal_year_end_date | fiscal_year_end_date | Calendar date | Date of Fiscal Year end for the Authority |
| Project Name | project_name | project_name | Text | Name of project requiring debt issuance. This field is blank when the Authority reported having no new debt issuances. |
| New Amount | new_amount | new_amount | Number | New amount of debt being issued. This field is blank when the Authority reported having no new debt issuances. |
| Program | program | program | Text | Name of the program for which debt was issued. The program is specific to the "Type of Debt" field and correlates to the enacted New York State Budget. This field is only required for State Guaranteed, State Supported, State Contingent Obligation, State Moral Obligation, or Other State-Funded debt. This field is blank when the Authority reported having no new debt issuances or if the debt type is not State-backed debt. |
| Type Of Debt | type_of_debt | type_of_debt | Text | Indicates the type of debt issued. Authorities may select any of the following types of debt: State Guaranteed, State Supported, State Contingent Obligation, State Moral Obligation, Other State-Funded, Authority Debt - General Obligation, Authority Debt – Revenue, Authority Debt – Other, Conduit Debt. Definitions for the different types of debt can be found in the Overview document. This field is blank when the Authority reported having no new debt issuances. |
| Total Amount | total_amount | total_amount | Number | Calculated field summing the Refunding Amount and New Amount. This field is blank when the Authority reported having no new debt issuances. |
| Issued Debt Obligations | issued_debt_obligations | issued_debt_obligations | Text | Indicates whether the Authority reported issuing new debt in a fiscal year. |
Upstream Metadata