Sewer & Storm Water Finance Authority

The Nassau County Sewer and Storm Water Finance Authority (the " Authority") was established in 2003 by the State of New York (the "State") under the Nassau County Sewer and Storm Water Finance Authority Act, codified as Title 10-D of Article 5 of the Public Authorities Law of the State (the "Act"), as a public benefit corporation. The State Legislature determined the creation of the Authority to be an effective mechanism to achieve substantial savings to the County for past and prospective sewer and storm water resources capital investments. The Authority has been established for the limited objectives of refinancing outstanding sewer and storm water resources debt issued by or on behalf of the County and financing future County sewer and storm water resources projects. The Authority may issue debt in an amount up to $350,000,000 for such purposes (exclusive of debt issued to refund or otherwise repay Authority debt).

Pursuant to the Act, the Authority’s governing body (the "Governing Body") consists of seven members who must be residents of the County, and be appointed by the County Executive and confirmed by the County Legislature, one upon the recommendation of the County Comptroller, two upon recommendation of the Presiding Officer of the County Legislature and two upon the recommendation of the Minority Leader of the County Legislature. The current members of the Governing Body are Kenneth Arnold, Peter J. Clines, Anthony Dalessio, Michele M. Darcy, Francis X. Moroney and Brian Schneider.



Documents & Reports

NCSSWFA 2014 A&B Revenue Bonds OS dated 11-7-14 (PDF)

2017 MANAGEMENT LETTER (PDF)2017 Annual Investment Report (PDF)
Resolution Re Annual Self-evaluation Mission Statement and Performance Measures dated 10-18-19 (PDF)2018 MANAGEMENT LETTER (PDF)2018 Annual Investment Report (PDF)
Policies & Procedures (PDF)2017 Financial Statements (PDF)2020 SSWFA Budget (PDF)
NC Procurement Policy Procedure (PDF)
2018 Financial Statements (PDF)2019 SSWFA Budget (PDF)
Investment Guidelines (PDF)
Property Report for 2018 (PDF)2017 Annual Report (PDF)
Authority Mission Statement and Performance Measurements (PDF)Property Report for 2017 (PDF)
2018 Annual Report (PDF)
Annual Information Statement as of 12/31/2018 (PDF) SSWFA By Laws 5/28/19

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Contact

If you have any questions regarding the Authority, please contact one of the following:

NamePhoneEmail
Beaumont Jefferson, County Treasurer(516) 571-2090 Email Beaumont Jefferson
Bernadette Kennedy- Garvey, Assistant Collateral Agent(516) 571-2090 Email Bernadette Kennedy

Minutes are available upon request.