public benefit corporation

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public benefit corporation

n. a term used in some states for a non-profit community service corporation. Typical examples are service clubs like Kiwanis, Rotary, Soroptimists and Lions. (See: corporation)

References in periodicals archive ?
relevance to State agencies and public benefit corporations engaged in construction or
Its membership also includes energy service companies, public benefit corporations and energy consultants.
These programs have been administered by separate public benefit corporations, including the agency, as well as the Affordable Housing Corporation, the Homeless Housing and Assistance Corporation, and the Housing Trust Fund Corporation.
Underlying loan security provisions are strong with local governments providing general obligation pledges for the EFC loan obligations and public benefit corporations, such as water and sewer authorities, pledging system revenue, typically with a separate debt service reserve fund.
In the decision, the California Court of Appeals upheld both the old and new charter school laws, including a provision permitting charter schools to be operated as nonprofit public benefit corporations.