Overview of NYW Bonds

Since its first bond sale in November 1985, the New York City Municipal Water Finance Authority (“New York Water” or “Authority”) has sold over $60 billion bonds. These bond issuances included a combination of general (first) resolution, second general resolution and subordinated special resolution crossover refunding water and sewer system revenue bonds. In addition to long-term debt, NYW uses a tax-exempt commercial paper program and bond anticipation notes (BANs) issued to the New York State Environmental Facilities Corporation (EFC) as a source of flexible short-term financing.

Click here to review the Authority’s various bond and note resolutions.


Partnership with the New York State Environmental Facilities Corporation ("EFC")

NYW participates in the State Revolving Fund (SRF) program administered by the EFC. The SRF provides a source of long-term below-market interest rate borrowing, subsidized by federal capitalization grants, state matching funds, and other funds held by EFC. For additional information, visit EFC’s website located at http://www.efc.ny.gov.

 

Newtown Creek Wastewater Treatment Plant