BASIS OF PRESENTATION (Tables)

9 Months Ended

Jun. 30, 2012

BASIS OF PRESENTATION [Abstract]

Estimated fair value of financing facilities and notes

The estimated fair value of the Authority's financing facilities and notes were as follows (in thousands):

	June 30, 2012
	Carrying Value		Fair Value
Bank Credit Facility	$	398,000	$	376,110
Term Loan Facility	$	220,782	$	225,563
2009 11 1/2% Second Lien Senior Secured Notes	$	194	$	206
2012 11 1/2% Second Lien Senior Secured Notes	$	194,024	$	205,794
2012 10 1/2% Third Lien Senior Secured Notes	$	417,771	$	363,461
2005 6  1/8% Senior Unsecured Notes	$	15,775	$	14,750
2004 7 1/8% Senior Subordinated Notes	$	21,156	$	16,396
2005 6  7/8% Senior Subordinated Notes	$	9,654	$	7,144
2012 11% Senior Subordinated Notes	$	344,190	$	228,026

Reconciliation of long-term receivables and the related reserves for doubtful collection

The following table presents a reconciliation of long-term receivables and the related reserves for doubtful collection of these long-term receivables (in thousands):

	Long-Term Receivables
	Affiliates (1)		Tenants			Total
Balance, March 31, 2012	$	48,551	$	1,207		$	49,758
Additions:
Issuance of affiliate advances and tenant loans (2)	2,132		—			2,132
Deductions:
Payments received	—		(35		)	(35		)
Balance, June 30, 2012	$	50,683	$	1,172		$	51,855
Balance, September 30, 2011	$	46,561	$	1,285		$	47,846
Additions:
Issuance of affiliate advances and tenant loans (2)	4,122		—			4,122
Deductions:
Payments received	—		(113		)	(113		)
Balance, June 30, 2012	$	50,683	$	1,172		$	51,855

__________

(1) Includes interest receivable of $20.1 million, $22.0 million and $18.4 million as of March 31, 2012, June 30, 2012 and September 30, 2011, respectively. The WTG receivables no longer accrue interest pursuant to a release and reimbursement agreement entered into in September 2010.

(2) Includes adjustment to increase long-term receivables by $1.1 million, which related to prior periods.

	Reserves for Doubtful Collection of Long-Term Receivables
	Affiliates		Tenants			Total
Balance, March 31, 2012	$	20,714	$	73		$	20,787
Additions:
Charges to bad debt expense (1)	627		—			627
Deductions:
Adjustments	—		(2		)	(2		)
Balance, June 30, 2012	$	21,341	$	71		$	21,412
Balance, September 30, 2011	$	20,201	$	78		$	20,279
Additions:
Charges to bad debt expense (1)	1,140		—			1,140
Deductions:
Adjustments	—		(7		)	(7		)
Balance, June 30, 2012	$	21,341	$	71		$	21,412

__________

(1) Includes adjustment to increase reserves for doubtful collection of long-term receivables by $326,000, which related to prior periods.