TITLE

MAC on Track

AUTHOR(S)
McDonald, Michael
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/25/2004, Vol. 350 Issue 31996, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 remaining MAC bonds; Permission given to MAC to invest proceeds from STAR Corp.; Cost of the deal.
ACCESSION #
14816858

 

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