July (pdf) - New York Power Authority

Bonds will not obligate the State or any of its political subdivisions to levy or pledge the receipts from any
form of taxation for the payment of the 2011 Bonds.
For a description of other provisions of the General Resolution related to the security for the
Obligations, including the 2011 Bonds, see ‘‘PART 2—APPENDIX 1—SUMMARY OF CERTAIN
PROVISIONS OF THE GENERAL RESOLUTION.’’
USE OF PROCEEDS
The proceeds of the 2011 Bonds will be used to (a) refund (i) $77,215,000 of the Authority’s Series
2000 A Revenue Bonds and (ii) $41,720,000 of the Authority’s Series 2002 A Revenue Bonds, (b) refund up
to $200,000,000 of the Authority’s EMCP Notes and/or CP Notes, and (c) to pay the costs of issuance of the
2011 Bonds.
Moneys will be derived from the sources and applied to the uses approximately as set forth below:
Sources of Funds
Principal Amount of the 2011 Bonds ...............................
[Net Original Issue Premium]..........................................
Available Authority Funds...............................................
Total ............................................................................
Application of Funds
Refunding of Series 2000 A and 2002 A Revenue Bonds
and EMCP Notes and/or CP Notes ..................................
Deposit into Escrow Fund ...............................................
Financing Costs (1) .........................................................
Total ............................................................................
(1) Includes costs of issuance, underwriters’ discount, and State bond issuance fee.
General Terms
THE 2011 BONDS
The 2011 Bonds will be in the principal amount and will be dated, will mature at the times and in the
principal amounts, will bear interest at the rates, and will be in the form of serial and term bonds, as set
forth on the inside cover page of this Official Statement.
The 2011 Bonds are issuable in fully registered form in the denominations of $5,000 or any integral
multiple thereof, registered only in the name of Cede & Co., as nominee of DTC (see ‘‘PART 1—
APPENDIX B—BOOK-ENTRY-ONLY SYSTEM PROCEDURES’’). So long as the 2011 Bonds are
registered in the name of Cede & Co., principal and interest will be payable solely to Cede & Co., as
nominee of DTC, as the sole registered owner of the 2011 Bonds, and, except under the caption
‘‘PART 1—TAX MATTERS,’’ references herein to the registered owner or owner shall be to DTC and
not the beneficial owners.
The 2011 Bonds will bear interest payable on November 15, 2011 and semiannually on each May 15
and November 15 thereafter, to the registered owners as of the close of business on the first day (whether or
not a business day) of the month in which such interest payment date occurs by check or draft mailed to the
address as it appears on the books of registry maintained by The Bank of New York Mellon, the Registrar
pursuant to the General Resolution, at its principal corporate trust office.
[TBD-Redemption]
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