These forms must be submitted electronically through the Building Project area in the State Aid Management System (SAMS) Rebuild.
Pursuant to New York State Education Law 3602 subdivision 6., districts must submit Bond (SA-132) and BAN (SA-135) borrowing forms for district Bond and BAN borrowings with issue dates between July 1, 2025 and June 30, 2026. These forms are due no later than September 1, 2026 and are critical to the calculation of a valid statewide average interest rate.
Bond information must be submitted for Refunding Bonds and Energy Performance Contracts (EPC) as they are included in the Statewide Interest Rate Calculation.
In addition, Refunding Bonds are required to be on file as part of the review and approval process for Interest Rate Reduction waiver applications.
SED requires borrowing information to be submitted in order to have a complete borrowing history. This helps us to better identify and solve district problems or issues.