Municipal Assistance Corporation for the City of New York
E555348
government-owned corporation
municipal assistance corporation
public benefit corporation
state-created financing authority
The Municipal Assistance Corporation for the City of New York was a state-created public benefit corporation established in the 1970s to help rescue New York City from its fiscal crisis by refinancing its debt and restoring financial stability.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
government-owned corporation
ⓘ
municipal assistance corporation ⓘ public benefit corporation ⓘ state-created financing authority ⓘ |
| appliesTo | City of New York NERFINISHED ⓘ |
| appliesToAdministrativeTerritorialEntity | New York City NERFINISHED ⓘ |
| appliesToFiscalCrisis | New York City fiscal crisis of 1975 NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creator | State of New York NERFINISHED ⓘ |
| field | municipal finance ⓘ |
| finances | New York City government NERFINISHED ⓘ |
| foundedBy | State of New York NERFINISHED ⓘ |
| foundedInPeriod | 1970s ⓘ |
| hasActivity |
bond issuance
ⓘ
debt restructuring ⓘ financial oversight support for New York City ⓘ |
| hasEffect | helped prevent default by New York City in the 1970s ⓘ |
| hasJurisdictionOver | New York City debt refinancing ⓘ |
| hasLegalStatus | public authority ⓘ |
| hasMainTask |
issue bonds on behalf of New York City
ⓘ
provide access to credit markets for New York City ⓘ restructure New York City’s short-term debt ⓘ |
| hasRole | conduit issuer of municipal bonds ⓘ |
| headquartersLocation | New York City ⓘ |
| inception | 1975 ⓘ |
| industry | public finance ⓘ |
| isPartOf | New York State public authorities system ⓘ |
| jurisdiction | State of New York NERFINISHED ⓘ |
| languageOfWorkOrName | English ⓘ |
| legalForm | public benefit corporation ⓘ |
| legislatedBy | New York State Legislature NERFINISHED ⓘ |
| locatedInTimeZone | Eastern Time Zone ⓘ |
| namedAfter | City of New York NERFINISHED ⓘ |
| operatedDuring | New York City financial emergency of the 1970s NERFINISHED ⓘ |
| operatedInCurrency | United States dollar NERFINISHED ⓘ |
| operatedInSector | public sector ⓘ |
| purpose |
assist New York City during its fiscal crisis of the 1970s
ⓘ
refinance New York City debt ⓘ restore financial stability to New York City ⓘ |
| reasonForInception | New York City fiscal crisis of the mid-1970s NERFINISHED ⓘ |
| regulates | refinancing of New York City debt ⓘ |
| shortName |
MAC
NERFINISHED
ⓘ
Municipal Assistance Corporation NERFINISHED ⓘ |
| state | New York ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.