Institutional Federal Compliance Report 2021

Non-Major Component Units

The non-major component units listed are significant separate legal entities that are discretely presented in the State’s financial statements. The inclusion of component units in the State’s financial statements reflects the State’s financial accountability for these entities. Health Research Incorporated— administers gifts and grants in keeping with the research, prevention and treatment purposes of the New York State Department of Health and the Roswell Park Cancer Institute Corporation. Hugh L. Carey Battery Park City Authority— engages in the improvement of the Battery Park City Project Area (a 92-acre site on the lower west side of Manhattan); the creation in the area of a mixed commercial and residential community; and the making of loans secured by first mortgages to housing companies organized to provide housing within the project area. Municipal Bond Bank Agency— provides access to the capital markets for special programs and purposes that benefit the State of New York and its municipalities. New York State Energy Research and Development Authority— conducts and finances a multifaceted energy and environmental research and development program; promotes energy efficiency measures; manages the Western New York Nuclear Service Center at West Valley; and coordinates the State’s activities on nuclear energy matters. New York State Higher Education Services Corporation— administers the State’s Guaranteed Student Loan Programs. Niagara Frontier Transportation Authority— promotes the development and improvement of transportation and related services within the Niagara Frontier Transportation District, and operates a number of transportation related business centers including aviation, surface transportation and property management. Roswell Park Cancer Institute Corporation— as a public hospital and medical research center, provides total care to cancer patients, conducts research into the causes, treatment and prevention of cancer, and educates those who treat and study cancer. SUNY Foundations— include campus-related foundations and student housing corporations reported as an aggregate discretely presented component unit in the State University of New York financial statements. The campus-related foundations are responsible for the fiscal administration of revenues and support received for the promotion, development and advancement of the welfare of the campuses. The student housing corporations operate and administer certain housing and related services for students. CUNY Foundations— include eighteen campus-related foundations reported as discretely presented component units in the City University of New York Senior Colleges’ financial statements. These foundations support both academic and general needs of the colleges and their students. Housing Trust Fund Corporation— administers significant Federal and State low income housing programs.

Miscellaneous— aggregation of 22 other non-major component units listed in Note 14.