Analysis of Average Interest Rates
NY-ADR
5/7/08 N.Y. St. Reg. EDU-05-08-00022-A
NEW YORK STATE REGISTER
VOLUME XXX, ISSUE 19
May 07, 2008
RULE MAKING ACTIVITIES
EDUCATION DEPARTMENT
NOTICE OF ADOPTION
I.D No. EDU-05-08-00022-A
Filing No. 355
Filing Date. Apr. 22, 2008
Effective Date. May. 08, 2008
Analysis of Average Interest Rates
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of section 175.41 of Title 8 NYCRR.
Statutory authority:
Education Law, sections 207 (not subdivided) and 3602(6)(e)(1)
Subject:
Analysis of average interest rates applied to capital debt incurred by the New York City for school purposes.
Purpose:
To conform the commissioner's regulation to changes to statute and provide an appropriate methodology for computation of the true cost of debt issued by New York City for the purpose of financing school construction.
Text or summary was published
in the notice of proposed rule making, I.D. No. EDU-05-08-00022-P, Issue of January 30, 2008.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Anne Marie Koschnick, Legal Assistant, Office of Counsel, Education Department, State Education Bldg., Rm. 148, Albany, NY 12234, (518) 473-8296, e-mail: [email protected]
Assessment of Public Comment
The agency received no public comment.
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