TITLE

New York City Argues Allocation In State MAC Legislation Is Legal

PUB. DATE
August 2003
SOURCE
Bond Buyer;8/20/2003, Vol. 345 Issue 31702, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the lawsuit between New York City mayor Michael R. Bloomberg and New York governor George E. Pataki over the city's plan to use $170 million money to refinance $2.5 billion in New York City Municipal Assistance Corp. bonds. Arguments of New York City in favor of using the amount; Provisions governing the appropriation of payments by New York Local Government Assistance Corp.; Technical legal problems in the lawsuit.
ACCESSION #
10630572

 

Related Articles

  • Appeals Court Latest Venue for N.Y.C. MAC Refunding Case. Braum, Martin Z. // Bond Buyer;11/18/2003, Vol. 346 Issue 31764, p3 

    Reports on the arguments over the constitutionality of a contested plan to refinance New York City's debt. Debt issued by the Municipal Assistance Corp.; Evaluation of the constitutionality of a statute authorizing the city bailout plan; Transfers of a sales taxpayment.

  • Poster Questions Heavy Ding to Credit Score for Store Card Late Pay.  // National Mortgage News;9/20/2010, Vol. 34 Issue 50, p10 

    The article presents insights from readers about the issue of buying or refinancing with record low credit rates in the U.S. One reader relates an experience of his uncle who has problems getting a loan because of his one inconsequential late pay. A reader suggests working with private capital,...

  • City Challenges Texas Power Agency Over $1.7B Deal. Williamson, Richard // Bond Buyer;10/28/2008, Vol. 366 Issue 32991, p4 

    The article reports on the lawsuit filed by the city government of Bryan, one of the four cities that compose the Texas Municipal Power Agency (TMPA), concerning TMPA's $1.7 billion refinancing plan, claiming that the TMPA cannot compel the city to more debt without its approval. Litigation...

  • MAC Appeal Pushes Back N.Y.C. Deal.  // Bond Buyer;8/28/2003, Vol. 345 Issue 31708, p1 

    Reports that a New York state appellate court has granted a request by the state for a preliminary injunction against New York City administration's plan to start refinancing Municipal Assistance Corp. bonds. Response of the state administration to the decision; Information on the panel of...

  • Build on the Done Deal in Foreclosures. McKenna, Francine // American Banker;2/1/2012, Vol. 177 Issue 17, p8 

    The article presents the author's view that foreclosure reviews ordered by the U.S. Federal Reserve and Office of the Comptroller of the Currency will be better for borrowers than settlements gained in lawsuits by states' attorneys general. Topics include compensating homeowners for past harm,...

  • N.Y. Legislature Has No Plans to Clarify MAC-Bill Language. McDonald, Michael // Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p1 

    Reports on the decision of the New York state legislature not to intervene in the battle over the Municipal Assistance Corp. (MAC) refinancing by passing clean-up legislation that would undercut Governor George E. Pataki's case against the deal New York City is trying to sell. Subjection of...

  • N.Y.'s Big MAC Agreement City and State Pact Clears Way for $2.5B Deal. McDonald, Michael // Bond Buyer;9/23/2004, Vol. 349 Issue 31975, p1 

    Reports on the agreement of New York City to pay back millions of state appropriation in order to ensure support for its plan to refinance the debt of Municipal Assistance Corp. (MAC). Terms of the arrangement; Postponement of the cost of the first appropriation until fiscal 2006; Decision of...

  • MAC on Track. McDonald, Michael // Bond Buyer;10/25/2004, Vol. 350 Issue 31996, p35 

    Reports that the board of New York's Municipal Assistance Corp. (MAC) has approved the plan of New York City to refinance the remaining MAC debt with state sales tax revenue through Sales Tax Asset Receivable (STAR) Corp. Expectation of the city to save the money it will cost to retire the...

  • Slate Testifies at Judicial Conference Hearing.  // Dispute Resolution Journal;Jan1995, Vol. 50 Issue 1, p6 

    Reports that the Committee on Long-Range Planning of the Judicial Conference of the United States issued a report describing a crisis in the court system due to the number of filings of lawsuits. Alternative dispute resolution services; Delays concerning cases; Issue on courts' power to have...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics