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 (PDF)
Organizational Chart & Management Team (PDF)

Members

• Patrick T. Morphy, Chairman
• Kenneth J. Baer
• Michelle Hegan
• Lynn M. Kopka

View the Board of Directors (PDF).

Annual Reports

• Financial Plans
• Financial Reports
• Internal Control Assessments
• Investment Reports
• 2019 - 2021 Management Letter (none issued)
• Office of The State Comptroller Budget Requests
• Operations and Performance Reports
• Procurement Contract Reports
• Prompt Payment Reports
• Schedule of Debts

Policies & Procedures

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

Other Documents

Official Statement Series 2010 A (PDF)

Annual Board Meeting

Date: March 15, 2023
Time: 10:00AM
ZOOM MEETING
Meeting 840 3859 7443
Passcode 664473

Agenda | Minutes

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

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.
View Agendas and Minutes