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Dormitory Authority of New York State

DASNY Meetings


Dormitory Authority has grown into the top conduit of backdoor state spending. They would be in charge of bonds for Funding MVHS...


March 4, 2020 - Minutes from Regular Meeting at DASNY’s New York City Office, where it was acknowledged, "The Acting Executive Director reported that over the past few weeks the markets have become volatile and in order to keep the Members informed of market conditions, he and Ms. Lee would provide an update to the Members. Ms. Lee reiterated that markets have been volatile due to the Coronavirus, noting that equities were down substantially last week, but rebounded this week in anticipation of a rate cut by the Federal Reserve Bank. She noted that the Fed took action yesterday with an emergency rate cut of 50 bps. She further noted that in times of global economic uncertainty there is a flight to quality by investors. Ms. Lee stated that to date, DASNY transactions have priced very well. She noted that going forward, Staff will keep in touch with investment banking firms who are providing feedback on the market, rates and investor demand. Ms. Lee noted that Staff will keep the Board updated. The Acting Executive Director concurred."


April 2020

DASNY: Notice Of Telephonic Board Meeting

DASNY: Revised Agenda

DASNY: Meeting Transcript


March 31, 2019 - Review the DASNY: Independent Auditors’ Report by KPMG LLP


Funding Fiasco General - This story, Dorm Authority: NY's deepest pork barrel, explains it well...

"Since 1998, state lawmakers have spent $1.9 billion for nearly 6,000 projects through a dozen mostly little-noticed programs financed by Dormitory Authority bonds."

"Rank-and-file lawmakers, who are allowed significant influence as to where the money is steered, do not have to attach their names to the ones they push. When a project receives a grant, it is simply labeled as coming from either "Assembly" or "Senate," which makes it difficult for the public to flag any conflicts of interest."


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