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A Municipal Assistance Corporation (MAC) was an independent New York State public-benefit corporation created by the State of New York for purposes of providing financing assistance and fiscal oversight of a fiscally-distressed city. Two MACs are explicitly designated under New York law.
The Constitution of New York enumerates the powers of local governments, such as the power to elect a legislative body and adopt local laws. [ 3 ] [ 4 ] A local law has a status equivalent with a law enacted by the Legislature (subject to certain exceptions and restrictions [ 5 ] ), and is superior to the older forms of municipal legislation ...
Monell v. Department of Social Services, 436 U.S. 658 (1978), is an opinion given by the United States Supreme Court in which the Court overruled Monroe v. Pape by holding that a local government is a "person" subject to suit under Section 1983 of Title 42 of the United States Code: Civil action for deprivation of rights. [1]
The Civil Court of the City of New York is a civil court of the New York State Unified Court System in New York City that decides lawsuits involving claims for damages up to $25,000 and includes a small claims part (small claims court) for cases involving amounts up to $10,000 as well as a housing part (housing court) for landlord-tenant matters, and also handles other civil matters referred ...
The Association also runs an annual four-day spring conference with lectures, panel discussions, and workshops on local government concerns and issues. The organization's annual business meeting is conducted during the conference. The Association's name prior to 1998 was the Municipal Management Association of New York State.
New York Community Bancorp is down around 70% from its 52-week highs. Even if it doesn't get back to those highs right away, there's still meaningful recovery potential here if the bank can prove ...
The State of New York Municipal Bond Bank Agency (MBBA) was a New York State public-benefit corporation founded in 1972 by the state legislature to offer municipalities increased access to the bond market by creating an alternate method by which they could sell their general obligation bonds. MBBA was authorized to issue up to $1 billion of its ...
The New York City Charter is the municipal charter of New York City. As part of the 1898 consolidation of New York City , the New York State Legislature enacted a charter for the consolidated city (Laws of 1897, chapter 378, effective January 1, 1898). [ 1 ]