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New York CARTS FY2021 Report Basic State Information Welcome! We already have some information about your state from our records. If any information is incorrect, please contact the mdct_help@cms.hhs.gov.

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How to fill out capital debt affordability committee

01

Gather all necessary financial information related to the capital debt

02

Determine the debt capacity based on the financial information

03

Establish a committee with key stakeholders from relevant departments and agencies

04

Review the current debt obligations and projected future debt needs

05

Develop a plan for managing the capital debt in a sustainable way

06

Present the recommendations to the appropriate governing body for approval

Who needs capital debt affordability committee?

01

Government entities at the local, state, or federal level

02

Public institutions such as schools or hospitals

03

Private organizations seeking to issue bonds or take on debt for capital projects

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What is capital debt affordability committee?

The capital debt affordability committee is a group responsible for analyzing a government's ability to incur debt while maintaining financial stability.

Who is required to file capital debt affordability committee?

Government entities or organizations that plan to incur debt are required to file the capital debt affordability committee.

How to fill out capital debt affordability committee?

To fill out the capital debt affordability committee, organizations need to provide detailed financial information and projections regarding their debt levels and ability to repay.

What is the purpose of capital debt affordability committee?

The purpose of the capital debt affordability committee is to ensure that government entities make informed decisions regarding borrowing and debt management.

What information must be reported on capital debt affordability committee?

Information such as current debt levels, revenue projections, and debt service capabilities must be reported on the capital debt affordability committee.

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