New York's fiscal 2009 budget raised the Dormitory Authority of the State of New York's statutory bond cap by $3.25 billion on its state-supported debt programs, according to an analysis of the budget by DASNY released at its monthly board meeting yesterday.

The increased capacity will allow the authority to sell $6.2 billion of bonds to finance projects at the State University of New York, the City University of New York, and for mental health projects in the state's five year capital plan.

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