N.Y. Legislature Has No Plans to Clarify MAC-Bill Language
- Pataki Veto Looms Large. McDonald, Michael // Bond Buyer;5/8/2003, Vol. 344 Issue 31631, p1
The New York Governor George E. Pataki has been intentionally vague concerning possible targets, instead focusing on a larger message that the costs of the state Legislature's 92.8 billion dollar budget are in fact underestimated while proposed tax hikes are simply wrong. However, in responding...
- 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.
- 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...
- 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...
- New York City Argues Allocation In State MAC Legislation Is Legal. // Bond Buyer;8/20/2003, Vol. 345 Issue 31702, p1
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;...
- 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...
- Tax Credits, Gray Markets and More. Mulroy, Gene J. // Business News New Jersey;04/04/2000, Vol. 13 Issue 14, p14
Reports on the legislative bills being considered by the New Jersey Legislature. Review of the details of Governor Whitman's proposed budget; Plan to take up landmark school construction legislation; Introduction of a bill cracking down on the sport known as extreme wrestling.
- Chamber weathers a good legislative year. // South Carolina Business Journal;Jul99, Vol. 18 Issue 6, p2
Provides an assessment of the 1999 legislative session of the South Carolina General Assembly. Good year for business, industry and education; Bills passed; Monitoring of `Worth Watching List'; Less traditional issues.
- Legislation helps rural counties and specific industry sectors. Wolfe, George; Lehe, John Von // South Carolina Business Journal;Jul99, Vol. 18 Issue 6, p11
Reports on the accomplishments of the South Carolina Assembly under the guidance of a new governor and a new administration. Technology legislation; Income apportionment Agreements; Fee-in-Lieu of Taxes; Income Tax Moratorium; Jobs Income Tax Credits; Utility Infrastructure Credits; Tire...