Municipal Assistance Corporation for the City of New York

E555348

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.

All labels observed (2)

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf government-owned corporation ⓘ
municipal assistance corporation ⓘ
public benefit corporation ⓘ
state-created financing authority ⓘ
appliesTo City of New York ⓘ
linked to: New York City
appliesToAdministrativeTerritorialEntity New York City ⓘ
appliesToFiscalCrisis New York City fiscal crisis of 1975 ⓘ
country United States ⓘ
creator State of New York ⓘ
linked to: New York State
field municipal finance ⓘ
finances New York City government ⓘ
foundedBy State of New York ⓘ
linked to: New York State
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 ⓘ
linked to: New York State
languageOfWorkOrName English ⓘ
legalForm public benefit corporation ⓘ
legislatedBy New York State Legislature ⓘ
locatedInTimeZone Eastern Time Zone ⓘ
namedAfter City of New York ⓘ
linked to: New York City
operatedDuring New York City financial emergency of the 1970s ⓘ
operatedInCurrency United States dollar ⓘ
linked to: US dollar
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 ⓘ
regulates refinancing of New York City debt ⓘ
shortName MAC ⓘ
Municipal Assistance Corporation ⓘ
state New York ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Hugh L. Carey → helpedCreate → Municipal Assistance Corporation for the City of New York ⓘ
Municipal Assistance Corporation for the City of New York → shortName → Municipal Assistance Corporation ⓘ
linked to: Municipal Assistance Corporation for the City of New York