The Dormitory Authority of the State of New York created a finance committee last week to comply with a public authority reform law enacted last year. The committee will review all proposals for bond financings with DASNY staff before they are brought to the board for approval.
The three-person committee will be chaired by board member Gerard Romski and include Alfonso Carney Jr. and Laura LeFebre.
DASNY was the second largest issuer of bonds in the nation last year with 47 deals totaling $7.5 billion, according to Thomson Reuters. The conduit issuer sells bonds on behalf of the state, colleges, health care providers and nonprofits.