N.Y. Legislature Has No Plans to Clarify MAC-Bill Language

McDonald, Michael
August 2003
Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p1
Trade Publication
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 possible bills to a three-way agreement between the Senate, Assembly and the Governor; Possibility of an alternative solution; Failings of the language of the legislation; Differing versions of clean-up legislation passed by the Senate and the Assembly; Government's challenge to the sale of bonds to refinance MAC.


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