Municipal Assistance Corporation for the City of New York

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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