Municipal Assistance Corporation definition

Municipal Assistance Corporation means the Municipal Assistance Corporation For The City of New York, a corporate governmental agency and instrumentality of the State constituting a public benefit corporation created by and existing under the New York State Municipal Assistance Corporation Act, as amended by the Municipal Assistance Corporation For The City of New York Act, being Titles I, II and III of Article 10 of the Public Authorities Law of the State of New York.
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Examples of Municipal Assistance Corporation in a sentence

  • The Municipal Assistance Corporation for the City of Troy (Corporation) is a corporate governmental agency and instrumentality of the State of New York, constituting a public benefit corporation.

  • The Act was established with the expectation that the City, acting through the Mayor, would assign the annual payments from the State to a newly created not-for-profit corporation that would issue bonds and use those proceeds to refinance all existing debt of the Municipal Assistance Corporation for the City of New York (“MAC”) due in the near term (approximating $2.5 billion at the time of the Act).

  • CLARIFICATION OF BONDS ELIGIBLE FOR ADVANCE REFUNDING.—Section 1400L(e)(2)(B) (relating to bonds described) is amended by striking ‘‘, or’’ and inserting ‘‘or the Municipal Assistance Corporation, or’’.

  • OSC estimates that the lower-than-expected premium increase will generate savings of $335 million in FY 2016, $367 million in FY 2017 and $403 million in FY 2018.4. Debt ServiceIn 2003, the City created the Sales Tax Asset Receivable (STAR) Corporation to refinance outstanding debt of the Municipal Assistance Corporation by securitizing annual payments from the New York Local Government Assistance Corporation, which provided budgetary relief of $2.5 billion during fiscal years 2005 through 2008.

  • FINANCIAL HIGHLIGHTS AND OVERALL ANALYSIS – GOVERNMENT-WIDE FINANCIAL STATEMENTS On November 4, 2004, STAR issued $2.55 billion of bonds to provide for the payment of the principal and interest and redemption premium, if any, on all outstanding bonds of the Municipal Assistance Corporation For The City of New York (“MAC”) and all outstanding bonds of The City of New York (the “City”) held by MAC, and to reimburse the City for amounts retained by MAC since July 1, 2003 for debt service.

  • The Act was established with the expectation that the City, acting through the Mayor, would assign the annual payments from the State to a newly created not-for-profit corporation that would issue bonds and use those proceeds to refinance all existing debt of the Municipal Assistance Corporation for the City of New York (MAC) due in the near term (approximating$2.5 billion at the time of the Act).

  • In the case of New York City, the Municipal Assistance Corporation was set up to issue longer-term bonds of the state to repay maturing short-term obligations of the city.92 In Brazil, the federal government routinely restructured subnational debt.

  • Once all measures have been taken and the follow-up of the case has been completed, the follow-up stage is formally closed and any associated EC entities4 or other parties are informed of the outcome.

  • All persons, property, and vehicles entering or leaving LOCKHEED MARTIN's or Customer's premises are subject to search.

  • Because the Stock Transfer Tax was one of the taxes pledged to service bonds issued by the Municipal Assistance Corporation, the tax has remained on the books but has been rebated in part or in full since 1980.FIGURE 16: New York City major taxes: amounts and shares 1980* Real estate-related includes mortgage recording and real property transfer taxes.Source: Comprehensive Annual Financial Reports of the Comptroller, 1980-2013 compiled by the NYC Independent Budget Office.

Related to Municipal Assistance Corporation

  • General Assistance means a service in which the End User dialing - 0 asks the OS operator for assistance. The operator will respond in accordance with OS methods and practices that are in effect at the time the End User makes an OS call where available and technically feasible.

  • Medical assistant means an unlicensed person who meets the

  • Legal assistance means provision of legal advice, counseling and representation by an attorney or other person acting under the supervision of an attorney.

  • technical assistance means any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge or skills or consulting services; including verbal forms of assistance;

  • Medical assistance means medical assistance as established under title XIX of the social security act, 42 USC 1396 to 1396w-5.

  • Personal assistance services means a range of services including, among other things, training in managing, supervising, and directing personal assistance services, provided by one or more persons, that are designed to assist an individual with a disability to perform daily living activities on or off the job that the individual would typically perform without assistance if the individual did not have a disability. The services are also designed to increase the individual's control in life and ability to perform everyday activities on or off the job; necessary to the achievement of an employment outcome; and provided only while the individual is receiving other vocational rehabilitation services.

  • Federal Assistance means a type of federal funding that the Recipient receives through the Underlying Agreement.

  • Dental assistant means any person who, under the supervision of a dentist, performs any extraoral services including infection control or the use of hazardous materials or performs any intraoral services on patients. The term “dental assistant” does not include persons otherwise actively licensed in Iowa to practice dental hygiene or nursing who are engaged in the practice of said profession.

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • Radiologist assistant means an individual who has met the requirements of the Board for licensure

  • Medical Assistance Program means the medical assistance provided pursuant to Chapter 319v of the Connecticut General Statutes (CGS) and authorized by Title XIX of the Social Security Act. The program is also referred to as Medicaid.

  • Natural Resources Assistance Council means the natural resources assistance council created pursuant to Ohio Revised Code Section 164.21 as well as its members and officers.

  • Personal assistant means a licensed or unlicensed person

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • Rental Assistance or “Subsidy” means Gross Rent minus the sum of the utility allowance and the Eligible Household’s payment of 30% of their monthly net income.

  • Substantial Assistance means stand-by assistance by another person without which you would not be able to safely and completely perform the ADL.

  • Financial Assistance Agreement means the Financial Assistance Agreement by and between the State of Wisconsin by the Department of Natural Resources and the Department of Administration and the Municipality pursuant to which the Bonds are to be issued and sold to the State, substantially in the form attached hereto and incorporated herein by this reference;

  • Cash assistance means cash benefits provided under the family independence program, the refugee assistance program, or state disability assistance.

  • Municipal Act means the Municipal Act, 2001, S.O. 2001, c. 25, as amended;

  • Foreign nonprofit corporation means an entity:

  • municipal area means the area of jurisdiction of the municipality demarcated in terms of the Local Government: Municipal Demarcation Act 1998 (Act No 27 of 1998);

  • Public assistance means Temporary Assistance for Needy Families (TANF); auxiliary grants to the

  • Federal financial assistance means any grant, loan, contract (other than a procurement contract or a contract of insurance or guaranty), or any other arrangement by which the Department provides or otherwise makes available assistance in the form of:

  • Municipal utility means a public utility owned and

  • Energy assistance means benefits to assist low-income households with their home heating and

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).