Municipal Assistance Corporation

The Municipal Assistance Corporation for the City of Troy (Corporation) is a corporate governmental agency and instrumentality of the State of New York, constituting a public benefit corporation. The Corporation was created on July 19, 1995, under Titles I, II and IV of Article 10 of the Public Authorities Law of the State, for purposes of providing financing assistance and fiscal oversight for the City of Troy, New York (City). To carry out such purposes, the Corporation was authorized to sell bonds and notes to provide funds for various purposes, including the repayment of certain of the City’s obligations.

The Corporation’s office is located at 123 William Street, 23rd Floor, New York, NY 10038. For inquiries, please call (212) 417-5046.

Mission Statement
Organizational Chart & Management Team

Board of Directors

Patrick T. Morphy, Chairman
Kenneth J. Baer
Francis M. Pitts
Daniel J. Hogarty, Jr.


Financial Plans

2016-2020 Financial Plan
2017-2021 Financial Plan
2018-2022 Financial Plan

2016 OSC Budget Request
2017 OSC Budget Request
2018 OSC Budget Request

Annual Reports

2014-2015 Financial Report
2015-2016 Financial Report
2016-2017 Financial Report

2014 Management Letter (none issued)
2015 Management Letter (none issued)
2016 Management Letter (none issued)

2015 Investment Report
2016 Investment Report
2017 Investment Report

2015 Procurement Contract Report
2016 Procurement Contract Report
2017 Procurement Contract Report

2015 Prompt Payment Report
2016 Prompt Payment Report
2017 Prompt Payment Report

2015 Schedule of Debt
2016 Schedule of Debt
2017 Schedule of Debt

2015 Operations and Performance Reports
2016 Operations and Performance Reports
2017 Operations and Performance Reports

2015 Internal Control Assessment
2016 Internal Control Assessment
2017 Internal Control Assessment

Policies & Procedures

By Laws
Code of Ethics
Internal Control Guidelines
Investment Guidelines
Procurement Contract Guidelines
Whistleblower Policy

Agenda & Minutes
2016 Agenda | Minutes
2017 Agenda | Minutes
2018 Agenda | Minutes

Other Documents

Official Statement Series 2010A


MAC Board Meeting
Full Board and Committees Meeting

Date: Thursday, March 15, 2018
Time: 10:00AM
Location: Offices of BST LLP
26 Computer Drive West, Albany, New York 12205
Contact: Jewel Douglas 212-417-5067

Downloads: Agenda | Minutes

Note: The audit committee, governance committee and finance committee meet and operate as part of the regularly scheduled board meetings