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A municipally owned corporation is a corporation owned by a municipality. They are typically "organisations with independent corporate status, managed by an executive board appointed primarily by local government officials, and with majority public ownership." [1] Some municipally owned corporations rely on revenue from user fees ...
Municipal corporation. Municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. [1] The term can also be used to describe municipally owned corporations. [1][2][3]
Funding for the services provided varies with the municipality in question. Funding can include tax revenue (property tax, income tax, municipal sales tax), fees (such as building permits), Grants from other Governments, fines such as speeding or parking violations, usage fees for optional services, or other sources such as profits from municipally owned or operated utilities.
Municipalization. Municipalization is the transfer of private entities, assets, service providers, or corporations to public ownership by a municipality, including (but not limited to) a city, county, or public utility district ownership. [1] The transfer may be from private ownership (usually by purchase) or from other levels of government.
Fixed-rate mortgage: A fixed-rate mortgage is a loan that has the same interest rate, and, therefore, the same monthly mortgage payment, the entire loan term. (Though be aware factors such as ...
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [1] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs ...
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