If OCFS can develop healthier families and communities, it will reduce the need for costly services they otherwise may have required in the future.
Through its Division of Rehabilitative Services, OCFS pursued initiatives to provide services that are more responsive to adolescents who have become involved in the juvenile justice system.
These youths are served by nearly 50 OCFS facilities and programs ranging from secure facilities to community-based settings.
OCFS has been involved in a major undertaking to enhance public safety through its programming for youths in its custody.
If it does not, if an event of default occurs, or if OCFS
revokes its license, the borrower would likely be replaced by a not-for-profit operator that will assume the borrower's obligations under this program.
technology is cell-free synthesis system that employs controlled, catalytically driven biochemical reactions to make multiple classes of proteins.
The 'A-' rating reflects the mandated nature of, and proven demand for, the services being provided by the not-for-profit borrowers; the power of OCFS to set and modify rates charged by the providers and oversee operations of the system; the authorization to add a supplemental rate to cover debt service and make adjustments to such rate as necessary; the borrowers' deposit of all residential service revenues into a lock-box; and the availability of a state aid intercept in the event of nonpayment by counties to the borrowers.
These strengths are offset by the possibility of reduced demand for the borrowers' residential treatment services and/or changes in rate-setting or payment policies and procedures over the 30-year life of the bonds and the risk of nonperformance or bankruptcy of one or more of the borrowers, although this is mitigated by provisions that allow for the replacement of such a provider by OCFS.
As part of this program, OCFS has been authorized by state statute to establish a capital financing add-on rate for each borrower that will be sized to generate sufficient monies to pay debt service.
If it does not, if an event of default occurs, or if OCFS revokes its license, the borrower will be replaced by a not-for-profit operator that will assume the borrower's obligations under this program.
enables operators to offer services across the Internet, next generation and legacy networks regardless of specific underlying network elements or protocols.
Certified software support for OCFS
and EMC PowerPath for Linux will be available in the first quarter of 2003.