Research

New York State Division of the Budget Public Authorities Control Board Applications for Board Approval of Project Financing

Held by the New York State Archives


Overview of the Records

Repository:

New York State Archives

New York State Education Department

Cultural Education Center

Albany, NY 12230

Summary:
The Public Authorities Control Board, established in 1976, regulates financing, bonding, property acquisition, and construction projects of major public authorities. It approves all acquisitions, financing, and construction projects for the authorities, and also approves funding for all public authorities other than the Thruway Authority and the Municipal Assistance Corporation. This series consists of original applications, along with some related correspondence and memorandums, submitted to the Public Authorities Control Board (PACB) by public authorities seeking approval of project financing. Records request the board's approval pursuant to Laws of 1976, Chapter 38, and the Public Authorities Law, Section 51. Applications typically include transmittal letters, background information, and project proposals.
Creator:
Title:
Quantity:
74 cubic feet
Inclusive Dates:
1976-1997
Series Number:
16146

Arrangement

Chronological, then by alphanumeric code number formed in part by the name of the public authority making the application (e.g. SNYMA for the State of New York Mortgage Agency; ERDA for the Energy Research Development Authority).

16146-98, 16148-99A: Chronological.

16146-97: Alphabetical.

Scope and Content Note

This series consists of original applications, along with some related correspondence and memoranda, submitted to the Public Authorities Control Board (PACB) by public authorities for approval of project financing. The PACB regulates financing, bonding, property acquisition, and construction projects of major public authorities and also provides financing for most of them. Records request the board's approval pursuant to Laws of 1976, Chapter 38, and the Public Authorities Law, Section 51.

Applications typically include transmittal letters, background information, and project proposals. Occasionally copies of site maps and authorizations or resolutions by boards of directors or officials affiliated with project applicants are included. Some applications contain extensive support exhibits, especially tabulation charts showing occupancy rates, debt service schedules, and various cost-benefit analyses. Correspondence generally requests PACB consideration at special meetings or explains problems or compliance with elements of the application (e.g. meeting the PACB's "times savings tests" on interest rates). Preliminary official statements, copies of lease/sublease agreements, or other memoranda may also be present.

16146-92: This accretion covers applications for 1989 and documents such public authorities as the Dormitory Authority, the Job Development Authority, and also the Urban Development Corporation (regarding South Mall financing). Many applicants request that the PACB approve and authorize bonds or other transactions contemplated in connection with insuring funding or financing projects.

16146-96: This accretion contains only applications dated January 1993 through March 1993.

16146-96A: This accretion consists of applications dated April - September 1993, for Board approval of construction, land or property acquisitions, and bonding projects and usually includes project descriptions, financial plans, financing and lease agreements.

16146-97: This accretion contains applications dated October through December 1993 from the Battery Park City Authority; Dormitory Authority; Energy Research and Development Authority; Environmental Facilities Corporation; Housing Finance Agency; Job Development Authority; Medical Care Facilities Finance Agency; and the Urban Development Corporation.

16146-99: This accretion consists solely of Tax Equity and Fiscal Responsibility Act [TEFRA] requests for the period 1990-1992.

Use of Records

Access Restrictions

There are no restrictions regarding access to or use of this material.

Related Information

Related Materials

Series 20726 Public Authorities Control Board Secretariat files and

Series 16147 Public Authorities Control Board Minutes and resolutions (for years prior to 1998), contain related records.

Other finding aids

16146-93, 16146-96A, 16146-98, 16146-99A: Container list is available at the repository.

16146-97: Folder list is available at the repository.

Processing Information

Series 20726 includes records originally transferred from the Public Authorities Control Board in 1991 and accessioned as Series 16146, Applications for board approval of project financing, and Series 16147, Minutes and resolutions. In May 2001, Archives staff combined records in these two series dating from 1998 onward to form Series 20726. Since that time, no additional records have been added to Series 16146 or 16147.

Access Terms

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