public corporation


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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)

References in periodicals archive ?
BEIRUT: Subsidized housing loans for limited income families are expected to be reactivated in a few months after the Finance Ministry and Central Bank pledged to inject more cash for this program, the head of Public Corporation for Housing Rony Lahoud said Thursday.
The FBiH government will allocate 22,000,000 KM in total, to the FBiH Railways, Sarajevo for financing the maintenance of the railway infrastructure, 19.3 million KM, for co-financing of passenger transport the amount of 2.000.000 KM, for co-financing of combined transport 100.000 KM and for the participation of FBiH in the financing of the BiH Railways Public Corporation 600.000 KM.
Equally irresponsible, however, will be just to sit and watch a public corporation wind up its business because of previous mistakes.
* Public sector debt (957.3 trillion won) = general government debt (620.6 trillion won) + nonfinancial public corporations' debt (408.5 trillion won) - internal transactions (71.7 trillion won)
The country's public corporation debts have risen, since the global financial crisis, to 36.6 percent of GDP in 2013.
The act, which was enacted last June, granted Puerto Rico's public corporations the right to renegotiate pre-existing debt terms with bondholders and/or to restructure their debt obligations with local court approval.
Transition to public corporation status would enable a new fairgrounds management team to respond more quickly, aggressively and effectively to competition and changing conditions in the entertainment industry.
The minister of land, infrastructure and transportation commented about it that the government will examine whether it should be a new public corporation with its units partitioned or a wholly government-sponsored special company, and it may become first a new type of public corporation, and then may become a special corporation in the next stage while making efforts for operational efficiency.
An official of the public corporation, privatized last October to become Metropolitan Expressway Co., said the company is taking the bureau's move ''seriously'' and that it ''will make utmost efforts to make sure a similar accident never happens again.''
While the established Protestant and Catholic churches have "public corporation" status in Germany, enabling them to benefit from state religious tax collection in return for church provision of social services, Muslims' organizational structure has been deemed insufficiently hierarchical (and its groups too small or impermanent) to merit such status German officials maintain that they have no basis for choosing among the Muslim organizations in granting public corporation status, while Muslims argue that the failure to resolve this issue is indicative of German unwillingness to recognize Muslims' religious needs and place Islamic religious organizations at the same level as the Christian Churches.
Access to Social Security numbers, drivers' licenses and dates of birth also now will be limited to customers sponsored by a public corporation or government agency.
As a former CEO and an audit committee chairman on two public corporation boards, my academic experience as professor and dean has led me back to the study and teaching of business ethics.