public corporation


Also found in: Dictionary, Financial, Wikipedia.
Related to public corporation: Quasi Public Corporation

public corporation

n. a corporation created to perform a governmental function or to operate under government control, such as a municipal water company or hospital. (See: corporation)

See: utility
References in periodicals archive ?
PREPA is widely considered the most likely public corporation to seek to avoid its debts under the Puerto Rico Public Corporation Debt Enforcement and Recovery Act, which was enacted on June 28, 2014.
If they could solve the money problem it wouldn't matter whether they adopted a public corporation model or maintained the simple "state agency" arrangement they have now.
The public corporation reform originated in an effort to revamp the zaito fiscal investment and loans program.
But the banks changed the policy in light of the worsening financial situation at the public corporation and worries that loans to public entities may turn sour, and signed the pact in May, the officials said.
The only group that appears alarmed so far is his fellow pols and bureaucrats, who are stunned by proposals to trim pork-barrel spending, streamline services, and privatize the country's wildly inefficient public corporations, the government-supported companies that handle the business generated by public policy--building bridges, digging for oil, and so forth.
Hershey, on the other hand, is a public corporation, but often acts as if it isn't.
First, when Trust2 became a non-resident it did not have to pay any departure tax because its only asset was its indirect interest in the public corporation shares held by Trust1 which were deemed to be taxable Canadian property and therefore exempt from capital gains tax.
The Recovery Act protects stakeholders' interests by creating a forum within which a fair and equitable allocation of the value of a public corporation can be negotiated among its stakeholders while also creating a financial foundation upon which to build a more promising future for their business - and for all the people who depend on their services.
Japan Post is a public corporation launched in April to take over three state-run postal services -- mail delivery, ''kampo'' life insurance and savings.
The bills would create a state-run public corporation next April to take over the state-run postal services -- mail delivery, postal savings and life insurance.
Officials explained that the Recovery Act provides a controlled, orderly process through which a public corporation can become financially self-sufficient in order to ensure its continued ability to provide critical services to the people of Puerto Rico over the longer term.
The government's Administrative Reform Promotion Office on Thursday endorsed a public corporation reform implementation plan that will allow private firms to take part in government inspection projects, along with a reform outline for the public corporation system for fiscal 2002.