Municipal Water Finance Authority

The Albany Municipal Water Finance Authority works with the Albany Water Board by managing finances for City of Albany Water plans and projects related to System improvement. Responsibilities of the Authority include issuing revenue bonds, applying for licenses, permits and approvals for plans and projects, regulating Water System rates and applying for and acquiring gifts, grants, loans and property from both public and private sources. 

The Water Finance Authority consists of seven members, five of whom are members of the City of Albany and are appointed by the Mayor. The remaining two members are nominated by the Mayor and appointed by the Governor. Members of the Authority are appointed to three-year terms.

Members and Dates of Expiration

  • Michael J. Hall, Chairman (Governor Appointee - 12/31/17)
  • Edward B. Smart, Vice Chairman (12/31/2016)
  • Gary Overdorf, Secretary (12/31/2016)
  • Julia Canizzaro, Treasurer (12/31/15)
  • Gardner Lerner (12/31/2018)

Meeting Minutes

July 17, 2013
April 5, 2013
October 24, 2012
June 29, 2012
December 15, 2011

Contact Information

Department of Water and Water Supply
10 North Enterprise Drive
Albany, NY 12204
Phone: (518) 434-5300

To download a copy of the by-laws, please click here.

To download a copy of the combined financial statements, please click here.


New York State Public Authorities Law chapter 766 section 1115-b Albany municipal water finance authority.

For more information, please visit the Department of Water and Water Supply.