As you want to know about the Municipal Assistance Corporation here are the details given below:

About

The Municipal Assistance Corporation for the City of New York (MAC) was recognized through State legislation on June 10,1975 in order to address the New York City government

Operational objectives:

The primary responsibilities of the Corporation are to:

Maintain the truthfulness of the Corporation’s fiscal health to protect the interest of the bond holders and the City of Troy.

Seek to reduce twelve-monthly debt service costs, without extending the life of the debt.

Seek to get better or maintain credit ratings.

Produce and update four-year financial plans.

Review annual budgets to ensure that revenues are available and enough to meet well-timed semi-annual debt service payments and operating expenses.

Provide independent auditors precise financial records and information to ensure an
Understanding of the Corporation’s activities.

Provide annual financial statements in accordance with the Corporation’s General Bond
Resolution, with arranged accounting principles, and in fulfillment with the reporting
requirements of the Office of the State Comptroller.

Hold Annual board meetings to review and adopt sure documents in accordance with the Public Authorities Law.

Post Board-adopted documents on the Corporation’s webpage for public viewing.

For getting more details here is attachment of the Municipal Assistance Corporation information

Municipal Assistance Corporation



Municipal Assistance Corporation
For The City Of Troy
123 William Street – 23rd Floor
New York, New York 10038
Telephone: (212) 417-5046
Fax: (212) 417-5055