DASNY - Dormitory Authority of the State of New York history

1948 In November, DASNY's Board voted to award contracts to the low bidder on the first permanent dormitories, located at the Teachers College in Buffalo.

1949 The first Authority bond issue was sold to finance permanent dorms at 11 Teachers Colleges.

1954 DASNY and the State University of New York (SUNY) signed a lease agreement stating that SUNY will operate the dormitories built by DASNY.

1955 The New York State Legislature began annual appropriations for construction of dormitories, allowing DASNY to begin long-range planning of dormitories and dining halls.

Albany: University of the State of New York, State Education Dept., 1958.

1960 The first Authority bond issue was sold on behalf of a private college, Wells College, to construct a dormitory.

In 1964, DASNY gained the power to finance and construct facilities for hospitals with nursing schools.

1966 New legislation enabled DASNY to work with the newly-established City University Construction Fund on a rapid and extensive expansion of the higher education facilities for the City University of New York.

Albany: University of the State of New York, State Education Dept., New York State Library, 1967.

The series was renewed in 1968 with Memoir 17.

1970 Total bonds and notes outstanding at the end of the fiscal year passed the $1 billion mark for the first time.

1971 DASNY began its Affirmative Action Program to expand job opportunities for minority construction workers and contractors.

1972 Construction began at first community-college projects financed by DASNY.

1973 The first project financed and constructed for the Department of Health finished construction: a new parking facility for Roswell Park Cancer Institute in Buffalo.

Classification of the New York State Library's New York State Documents Collection was begun in 1976 as part of a general reorganization in preparation for the integration and transfer of previously separate collections to the Cultural Education Center.

1977 Construction of the new campus for Kingsborough Community College was completed at a cost of $72 million.

1979 DASNY’s first “Facility for the Aged Bonds” were sold to finance the J.G.B. Health Facility in Yonkers.

Albany, N.Y. : Legislative and Governmental Services, New York State Library, [1981].

Albany, N.Y. : Legislative and Governmental Services, New York State Library, [1982].

1983 DASNY completed SUNY dormitories which housed more than 66,000 students and provided dining facilities for over 37,000 students.

Albany, N.Y.: Legislative and Governmental Services, New York State Library, [1984].

1986 For the first-time, total financings for the year topped $1 billion.

Albany, N.Y. : University of the State of New York, State Education Dept., New York State Library, Cultural Education Center, 1987.

1988 Legislation was passed enabling DASNY to finance SUNY academic facilities and facilities for certain Special Act Schools.

1989 Total bonds and notes outstanding at March 31, 1989 totaled $5.8 billion, a new high point for DASNY.

1990 DASNY was the largest issuer of municipal bonds in the nation during the calendar year, with a total of $4.11 billion in securities issued.

Albany, N.Y. : University of the State of New York, State Education Dept., New York State Library, Legislative and Governmental Services, 1992.

1994 DASNY financings reach an all-time high of 43 issues, totaling $4.7 billion.

Since 1995, the New York State Library (NYSL) has been scanning New York State government documents and providing free access to these digital versions through the State Library online catalog.

1996 The "new" Dormitory Authority completed its first year as a combined organization, issuing $3.3 billion in bonds.

1997 In December 1997, DASNY moved into its new corporate headquarters in downtown Albany.

1 issuer of municipal bonds in the country, with $3.16 billion sold in 47 issues during 1999.

2000 DASNY advances the largest health-care bond issue in the nation, a total of $681.2 million for the Mount Sinai-New York University Health System Obligated Group.

2002 DASNY implements new legislation by helping local school districts refinance $1 billion in bonds for capital projects.

2003 At the end of the fiscal year, DASNY has sold more than $823 million in bonds backed by the State personal income tax, a new financing program.

2004 DASNY ends the fiscal year with a portfolio of $31.2 billion in outstanding bonds, and a $4.95 billion pipeline of construction projects.

2005 DASNY construction rises to $1.01 billion for the 2005-06 fiscal year, a new record.

2007 As part of open government initiatives, for the first time, DASNY’s Board and Committee meetings are recorded and available online via web-cast.

2008 Effective January 1, 2008, DASNY implements its “All Green-Only Green” construction policy.

At the end of FY 2009-10 DASNY exceeded its 20 percent goal for construction-related expenditures with 23.57 percent participation, 11.28 percent MBE and 12.29 WBE with total expenditures of $219.6 million to MWBE firms.

2010 DASNY hosts it 25th annual Minority, Women, and Small Business Enterprises Conference in Albany, drawing a record attendance of more than 900 people.

Also in 2012, DASNY was ranked number one in the nation as the largest municipal issuer by The Bond Buyer.

2013 As of March 31, 2013, DASNY had more than $45.1 billion in bonds and notes outstanding issued for critical public and not-for-profit projects throughout the State of New York.

As of March 31, 2014, DASNY expended more than $882.6 million on construction projects under our management.

At the end of fiscal year 2015, DASNY's outstanding debt was more than $47 billion.

2016 At CUNY, DASNY finances and builds the college’s $700 million Advanced Science Research Center – largest dollar value construction project in DASNY history to date.

2017 DASNY and SUNY College at Brockport executed a design-build contract that reduces costs, while expediting the construction of a new $21 million, 256-bed residence hall.

2018 DASNY issued a $585.2 million in low-cost, tax-exempt bonds on behalf of 56 school districts in September, the largest pooled school districts issue in DASNY history.