Municipal Water Finance Authority
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.
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
- Gardner Lerner –
Governor Appointee, Chairman (12/31/14)
- Michael Nardolillo
- Edward B. Smart (12/31/2013)
- Michael Hall (12/31/2012)
- Gary Overdorf (12/31/2013)
Department of Water and Water
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 meeting minutes for December 16, 2009, please click here.
To download a copy of the combined financial statements, please click here.
To download the organizational chart, please click here.
New York State Public
Authorities Law chapter 766 section 1115-b Albany municipal water finance
For more information, please visit the Department of Water and Water Supply