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)

See: utility
References in periodicals archive ?
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.
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.
Q - Why do the bills simultaneously seek to set up a public corporation to handle postal services and allow private firms to enter the same field?
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.
Standex has paid dividends each quarter since it became a public corporation in November 1964.
A first possible additional case relates to a public corporation bearing losses but with the substantial participation of private shareholders (including newcomers) in the capital injection.
Japan Post is a public corporation launched in April to take over three state-run postal services -- mail delivery, ''kampo'' life insurance and savings.
Banks had previously extended loans without collateral to the public corporation, which is wholly owned by the prefectural government, in view of its creditworthy status and huge deals between the banks and the prefectural government.
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.