The Nassau County Interim Finance Authority has approved $100 million in new bonds for dozens of public works projects aimed at improving infrastructure.
The state-appointed financial control board voted unanimously Monday night to authorize the bonding and asked the county to prioritize from a list of more than 80 previously approved projects. The county had initially sought approval for $132.7 million in projects. The $100 million in bonds are slated to be issued in May.
Among the projects the county will now consider with the new borrowing are upgrades to the Nassau County Family Court building and the Nassau County Aquatic Center along with roadway improvements and the purchase of new snow-removal equipment. NIFA also separately approved $40 million in bonds for sewer upgrades.
Nassau County, just east of New York City on Long Island, is rated A2 by Moody's Investors Service. NIFA has controlled Nassau's finances since 2011.
