FOR RELEASE: Immediate, Tuesday, July 1, 2003

DASNY Bond Volume Is 3rd in Nation for First Half of 2003

The Dormitory Authority was the third-largest issuer of municipal bonds in the nation for the first six months of 2003, according to today�s The Bond Buyer, a daily newspaper covering the financial markets.

The Authority sold $3.204 billion in bonds from January-June 2003, the newspaper reported. The largest issuer was the state of Illinois, with $10.46 billion, followed by the state of California with $6.086 billion.

Data for the rankings is compiled by Thomson Financial Securities Data. The Bond Buyer�s rankings of the top municipal bond issuers for the first six months of 2003 are:

Rank	Issuer	Amount (in thousands)	Issues
1	State of Illinois	$10,460.0	2
2	State of California	6,068.6	4
3	New York State Dormitory Authority	3,204.3	19
4	Golden State Tobacco Securitization Corp. Calif.	3,000.0	2
5	New York City	2,964.6	13
6	Los Angeles Unified School District, Calif.	2,739.2	4
7	New York Tobacco Settlement Finance Corp.	2,093.2	1
8	State of Connecticut	1,676.0	21
9	Puerto Rico Highway & Transportation Authority	1,673.6	4
10	New Jersey Tobacco Settlement Finance Corp.	1,659.2	1