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 80 Maiden Lane, Suite 402, 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
Michelle Hegan
Lynn M. Kopka


Financial Plans

2020-2022 Financial Plan
2021-2022 Financial Plan
2022 Financial Plan

2021 OSC Budget Request
2022 OSC Budget Request
2023 OSC Budget Request

Annual Reports

2018-2019 Financial Report
2019-2020 Financial Report
2020-2021 Financial Report

2019 Management Letter (none issued)
2020 Management Letter (none issued)
2021 Management Letter (none issued)

2019 Investment Report
2020 Investment Report
2021 Investment Report

2019 Procurement Contract Report
2020 Procurement Contract Report
2021 Procurement Contract Report

2019 Prompt Payment Report
2020 Prompt Payment Report
2021 Prompt Payment Report

2019 Schedule of Debt
2020 Schedule of Debt
2021 Schedule of Debt

2019 Operations and Performance Reports
2020 Operations and Performance Reports
2021 Operations and Performance Reports

2019 Internal Control Assessment
2020 Internal Control Assessment
2021 Internal Control Assessment

Policies & Procedures

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

Agenda & Minutes
2018 Agenda | Minutes
2019 Agenda | Minutes
2020 Agenda | Minutes
2021 Agenda | Minutes

Other Documents

Official Statement Series 2010A

Annual Board Meeting

Date: March 15, 2022
Time: 10:00AM
Meeting 825 7772 3653

Downloads: Agenda | Minutes

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