EFC annually reviews its portfolio and leverages its high credit rating and market demand for tax-exempt bonds to provide capital for wastewater and drinking water projects and refund certain prior bonds. Refunding bonds help EFC's municipal partners recognize savings on qualified existing bonds. Local governments and public authorities participate in project financings through EFC and receive low-interest financings for various drinking water and wastewater infrastructure projects through the state’s Clean Water State Revolving Fund and Drinking Water State Revolving Fund. Refunding bond sales deliver additional savings for EFC’s municipal partners by refinancing the original bonds that funded their projects at an even lower interest rate.

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Electronic access to the Statements located on this website has been authorized by the New York State Environmental Facilities Corporation.

The inclusion of the Statements located on this website is for information purposes only and is being made available to you as a matter of convenience. Although the information contained in the Statements has been formatted in a manner which should replicate the printed Statements, physical appearance may differ for various reasons, including electronic communication difficulties or particular user equipment. The user of the Statements assumes the risk of any discrepancies between the printed Statements and the electronic version of this document. The Statements located on this website do not constitute an offer to sell or the solicitation of an offer to buy. Further, please be advised that the Corporation disclaims any duty or obligation to update or maintain the availability of the information contained on this website or any responsibility or liability for any damages caused by viruses contained within the electronic files or on this website or the Corporations homepage. No statement found on this website or the Corporations homepage is incorporated by reference in the Statements and no statement on this website or the Corporations homepage constitutes a part of the Statements.