SUBSEQUENT EVENTS

3 Months Ended

Dec. 31, 2011

NOTE 10—SUBSEQUENT EVENTS: [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS:

On January 24, 2012, the Authority announced the commencement of several refinancing transactions designed to extend the maturity dates of the Authority's outstanding debt, including (1) a private offer to exchange all of the Authority's outstanding notes for new notes and a related solicitation of consents to certain amendments to the outstanding notes and indentures governing them, (2) an amendment and restatement of the Bank Credit Facility to, among other things, reduce the size thereof from $675.0 million to $475.0 million and extend the maturity date thereof from March 9, 2012 to March 31, 2015 and (3) the issuance and sale of approximately $225.0 million in principal amount of new first lien secured debt in a private placement transaction, the proceeds of which would be utilized to reduce the size of the Bank Credit Facility. Each of these transactions is subject to numerous conditions and contingencies, which may be waived by the Authority at any time. As of the date hereof, these conditions have not yet been satisfied or waived, and the Authority cannot predict whether any or all of these transactions will be consummated on their announced terms or at all. The private exchange offers are currently scheduled to expire on February 22, 2012, subject to extensions by the Authority.