Municipal Assistance Corporation

Corporation Terminated — In the 2021-2022 New York State Legislative Session, Bills A07237 and S06441 were passed amending Section 3053 of public authorities law allowing the existence of the Corporation to be terminated by resolution of the Board of the Corporation. Accordingly, after all operational and financial transactions were completed, the Corporation was terminated on June 27, 2023.

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)


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

View the Board of Directors (PDF).

Annual Reports

Policies & Procedures

Other Documents

Official Statement Series 2010 A (PDF)

Annual Board Meeting

Date: March 15, 2023
Time: 10:00AM
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