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Topic: Government-owned corporation

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Public ownership - Encyclopedia.WorldSearch A government owned corporation (sometimes state-owned enterprise, SOE) may resemble a not-for-profit corporation as it may not be required to generate a profit; although governments may also use profitable entities they own to support the general budget. The government may be inefficient in running production, trading, or service operations, in the sense of causing misallocations of labor and capital, with consequent reductions in the standard of living and economic growth. Public sector institutions have access to finance at government interest rates, which are (almost) always lower than even the most financially secure private sector firms, because the government cannot go bankrupt, which means less risk to the lender. encyclopedia.worldsearch.com /government_ownership.htm

The Johns Hopkins Institute for Policy Studies Center for Civil Society Studies The government sponsored enterprise (GSE): The government sponsored enterprise, as distinct from the wholly owned government corporation, is a government chartered, privately owned, and privately controlled institution that, while lacking an express government guarantee of its financial obligations, benefits from the perception that the government stands behind its financial obligations. The wholly owned government corporation: A government corporation is a government agency, owned and controlled by government, which is set up as a separate corporate entity legally distinct from the rest of the government of which it is a part. In contrast to the concept of a government corporation as funding itself from its own revenues, in this case an adequate appropriation is key to assuring the fiscal capacity to achieve the purposes of the corporation. www.jhu.edu /~ccss/toolsworkbooks/workbk5.html

Public company - Wikipedia, the free encyclopedia A company that is owned by stockholders who are members of the general public and traded publicly. This meaning of a "public company" comes from the fact that government debt is sometimes referred to as "public debt" (however there are no "public bonds"), government finance is sometimes called "public finance", and so on. A public company is a company owned by the public. en.wikipedia.org /wiki/Public_corporation

GOC Policies The Queensland Government decided on 10 May 1999 to establish a regime for the collection of general rates for strategic port land in commercial use by port Government Owned Corporations (GOCs). On 8 October 2001, the Government determined that the general wages policy for the Queensland Public Sector would not apply to GOCs and that separate guidelines would be developed for GOCs. The updated SPP requires Government agencies to use their purchasing activities to advance Government priorities, achieve value for money, and ensure probity and accountability. www.ogoc.qld.gov.au /goc_policies.htm

401Kafe.com Corporation made up of a general partner and several limited partners, investors who have limited liability and do not take an active role in management. A security that shows ownership in a corporation and gives the holder a claim prior to the claim of common stockholders on earnings and also generally on assets in the event of liquidation. Agent appointed by a corporation to maintain records of all stock and bond holders, cancel and issue certificates and resolve problems arising from lost or stolen certificates. www.infoplease.com /finance/tools/glossary.html

Defense Horizons No. 34 Government corporations are also discussed by Michael Froomkin in a lengthy law review article on the legal implications arising from their character as both public and private entities. The GAO profiled 22 Government corporations, focusing on their operations with respect to Federal statutes, and its report provides an excellent analysis of the various applicable statutes and authorities. General statutory provisions applicable to Government corporations are codified in Title 31 of the United States Code (U.S.C.), Sections 9101-9110, and establish the various controls (for example, budget approval and audits). www.ndu.edu /inss/DefHor/DH34/DH34.htm

AIDC This was initially wholly owned by the corporation, but later 20% of the shares were issued to private investors and the company was listed on the ASX. AIDC Ltd was a majority government- owned investment banking business. Government guaranteed borrowings, which previously supported AIDC Ltd's operations, are now effectively defeased under this arrangement with one of the worlds largest and most highly rated banks. www.elvet.com.au /aidc.htm

Hydro-Québec [Definition] Hydro-Québec is a government-owned corporation A government corporation or government-owned corporation is a legal entity created by a government to exercise some of the powers of the government. It may resemble a not-for-profit corporation as it has no need or goal of satisfying the shareholders with return on their investment through price increase or dividends. The nationalization was completed under the initiative of René Lévesque, Minister of Hydroelectric Resources and Public Works in the Liberal government of Jean Lesage. www.wikimirror.com /Hydro-Québec

Reinventing the Government Corporation For the same reasons that a wholly owned corporation should be treated as a federal actor, both Lebron and the state action doctrine suggest that any mixed-ownership FGC in which the federal government owns more than half the shares should be treated as a federal actor for constitutional purposes. In wholly owned federal corporations, such as the Commodity Credit Corporation, the federal government holds 100% of the equity and exercises 100% of the votes on the board of directors or other governing body. Justice Brennan's distinction between a corporation that the government controls "as a creditor," as in the case of Conrail, and one that it controls "as a policymaker," as in the case of Amtrak, permitted Justice Scalia to distinguish the Regional Rail Reorganization Act Cases. osaka.law.miami.edu /~froomkin/articles/reinvent.htm

Israel Finance Ministry, Press Releases Eyal Gabbay, Director of the Government Companies Authority, said: "The manager declaration is an innovative measure in Israel and constitutes an important instrument in guaranteeing the transparency and accuracy of the financial statements of government-owned corporations and the ability of the Companies Authority to supervise the companies, for the benefit of the Israeli public". The manager declaration, in the committing format distributed by the Government Companies Authority, will need to be signed - separately and personally - by the chairman of the board of directors, the general manager (CEO) and the CFO of any government-owned corporation. In a memo issued to government-owned corporations, Eyal Gabbay, Director of the Government Companies Authority, instructed these corporations to include manager declarations regarding the veracity of the financial statements, in the companies' quarterly and annual financial statements. www.mof.gov.il /beinle/press123.htm

United States Postal Service - Wikipedia, the free encyclopedia A classified unit is a station or branch operated by USPS employees in a facility owned or leased by the USPS. The USPS is a government monopoly, which means that it possesses the exclusive permission under federal law to place envelopes and packages into standardized mailboxes marked "U.S. Mail." In contrast, private carriers must give This is the reason given by government officials for maintaining the postal monopoly. en.wikipedia.org /wiki/United_States_Postal_Service

ENERGEX - about us - industry structure ENERGEX Limited and its wholly owned subsidiary, ENERGEX Retail Pty Ltd, is a government-owned corporation operating under the provisions of the Government Owned Corporations Act 1993 (GOC Act). The electricity is supplied to ENERGEX through a high-voltage transmission network that is owned and operated by Powerlink Queensland, a government owned corporation. ENERGEX purchases electricity from generators that are both privately and government owned. www.energex.com.au /about_energex/about_energex_industry.html

Articles - MTR Corporation Limited The Mass Transit Railway Corporation (MTRC) was established in 1975 as a government-owned statutory corporation in order to oversee the initial construction of the Hong Kong Mass Transport System, and later to run and manage the functioning transport system. For instance, the reclaimed land situated in West Kowloon that is owned by the MTR will be developed into an area with residential, office and retail space. On 30 June 2000 the MTRC was succeeded by the MTR Corporation Limited (MTRCL). www.lifevalley.com /articles/MTR_Corporation_Limited

QICNET : About us The corporation was established in 1991 and operates under the provisions of the Government Owned Corporations Act 1993 and the Queensland Investment Corporation Act 1991. QIC is a Queensland government-owned corporation that operates as a fully commercial organisation, charging fees for services and paying a dividend to the Queensland government. Established in 1997 by the Public Trustee, QCF is a collection of endowed funds that offer an opportunity for corporate organisations and individuals to contribute for the benefit of charities active in the Queensland community. www.qic.com.au /qicnet/default.jsp?id=about_us

Canadian Broadcasting Corporation The Canadian Broadcasting Corporation, commonly known by the abbreviation CBC, is Canada 's government-owned television network and radio network. Some of the stations broadcasting from smaller cities are private affiliates of the CBC, that is, stations which are owned by commercial broadcasters but air a predominantly CBC schedule. From 1994 to 2000, the CBC also owned Newsworld International, an American cable channel which rebroadcast much of the programming of CBC Newsworld, and Trio, an arts and entertainment channel. www.mywiseowl.com /articles/CBC

Take back USEC, House panel told - By Joe Walker Two other witnesses, representing parts of the nuclear fuel cycle, said government intervention is needed to keep their respective parts of the industry from dying. Miller, who stressed that if USEC goes bankrupt the government is required to cover its debt, predicted both USEC plants will be shut down unless USEC rights itself and finds a replacement for outdated gaseous diffusion technology. He added that because of its financial trouble, USEC is aggressively selling its stockpile of natural uranium given by the federal government as part of privatization. www.state.nv.us /nucwaste/news2000/nn10596.htm

Ports Corporation of Queensland - Organisation On 1 July 1994, PCQ became a statutory Government Owned Corporation (GOC) under the Government Owned Corporations Act 1993 (GOC Act) and a port authority under the Transport Infrastructure Act 1994. Ports Corporation of Queensland (PCQ) develops and manages sea port facilities that are vital to the export performance of Queensland and Australia. As a GOC, PCQ operates according to commercial principles, raises its own revenue, and makes dividend and tax equivalent payments to the Queensland Government. www.pcq.com.au /2004/organisation.cfm

40C173.txt - The term "wholly owned Government corporation" - (A) means any corporation, regardless of the law under which it is incorporated, the capital of which is entirely owned by the Government; and (B) includes the authorized officers, employees, and agents of the corporation. Purchase of insurance -STATUTE- An executive department, independent establishment, agency, wholly owned Government corporation, officer, or employee may expend money, or incur an obligation, for insurance, or for the payment of premiums on insurance, against loss, destruction, or damage in the shipment of valuables only as specifically authorized by the Secretary of the Treasury. - In this section, the term "Federal Government" includes wholly owned Government corporations, and officers and employees of the Government or its executive departments, independent establishments, and agencies while acting in their official capacity. uscode.house.gov /download/pls/40C173.txt

PROCLAMATION No. 354 Heads of departments, offices, agencies and instrumentalities of the executive branch of the government, including government owned or controlled corporations, are hereby directed to issue the appropriate rules and regulations to implement this Proclamation. Furthermore, all employees of departments, offices agencies and instrumentalities of the executive branch of the government, including government owned or controlled corporations, shall not be required to report for work on Wednesday, April 16, 2003 except that: The Legislative and Judicial branches of the government and the Constitutional Commissions are encourage to allow their employees not to report for work on Wednesday, April 16, 2003. www.lawphil.net /executive/proc/proc_354_2003.html

Northern Territory Treasury: Capital Financing Established reporting structures in accordance with the government owned corporations framework and advised the shareholding Minister on the performance of the Power and Water Corporation. As part of its responsibilities for management of the Territory’s government owned corporations framework, Treasury undertook the following in 2002-03: development and implementation of reforms and policies on corporate governance arrangements for government authorities and agencies (including administration and monitoring of the government owned corporations framework); www.nt.gov.au /ntt/capital_fin.shtml

Government Quebec Government Quebec Canada North America The Government-owned corporation responsible for the trade of alcoholic beverages in Quebec through a retail network and through online shopping on the site. Government Of Quebec Selects Motorola Digital Radio System Quebec'S new system will provide coverage over 125,000 square miles and serve a population of more than seven million people. By requiring federal approval of the question in future referendums, the federal government is denying the right to self-determination for the people of Quebec. www.resourcereference.com /directory/government/government-quebec.html

Government operations - Enpsychlopedia Generally speaking, a statute passed by a legislature specifically sets up a government owned company in order to undertake a specific public purpose with public funds or public property. Japan Railway ( JR), NTT and Japan Tobacco was formally owned by the government. In Japan, Japan Post is partially owned by the government, but is about to get sold to the public during the following years (following 2004). www.grohol.com /psypsych/Government_operations

INIS Internet Directory: Korea Electric Power Corporation Korea Electric Power Corporation (KEPCO) is a government owned enterprise established to promote the electric power resource development, to manage the electric power business with efficiency and to contribute to stable growth of national economy by ensuring a stable and economical supply of electric power. www.iaea.org /programmes/inis/ws/d1/r255.html

National Government Agency: NORTHERN FOODS CORPORATION LIVELIHOOD CORPORATION (LIVECOR),   a government-owned and controlled corporation: and by virtue of E.O. No. 233, it is now an attached agency of the Department of Agriculture. The NORTHERN FOODS CORPORATION (NFC) is an agri-based firm established in October 1984 as an anchor company initially to produce paste and subsequently process other agri-based products from indigenous crops. A model, profitable, Filipino-owned anchor company engaged in production of quality foods, related products and services. www.nfc.gov.ph /index.php?id1=2

Golden Casket Lottery Corporation The government said it was open to changing the current regulation which sees a market cap of 40 percent for any one operator. The government split up its gaming monitoring interests in 1998 when the Liberal-National coalition government sold off the business to eight separate operators, giving the TAB one licence controlling 5,300 machines. Golden Casket said in its annual report that the Howard Government's decision to investigate banning interactive gambling and impose an interim 12-month moratorium on new operations from May 19 was misdirected. www.lotteryinsider.com /lottery/gclc.htm

Tanikalang Ginto www.filipinolinks.com Philippines : Government/Government Corporations LRTA is a wholly owned government corporation that has become the country's prime mover in the rail transport sector serving the needs of millions of Filipinos by exploring avenues where the LRT system could continuously provide efficient transport services while promoting economy and efficiency of operations - Pasay City and Pasig City. The National Agibusiness Corporation is a government owned and controlled corporation mandated to promote the development of agribusiness among the small farmers, fisherfolks and entrepreneurs in the countryside - Ortigas Center, Pasig City. The Home Guaranty Corporation (HGC), a government - owned and controlled corporation, is tasked to operate a credit guaranty program in support of government's efforts to promote home ownership. www.filipinolinks.com /Government/Government_Corporations

COMELEC: Local Government Code Forty percent (40%) of the mining taxes, royalties, forestry and fishery charges and such other taxes, fees or charges, including related surcharges, interests, or fines the government agency or government -owned or -controlled corporation would have paid if it were not otherwise exempt. Share of the Local Governments from any Government Agency or -Owned and -Controlled Corporation. - Local government units shall have an equitable share in the proceeds derived from the utilization and development of the national wealth within their respective areas, including sharing the same with the inhabitants by way of direct benefits. www.comelec.gov.ph /laws/lgc_b2t3ch2.html

Government-owned corporations Treasury administers the Government's ownership of Government-owned-corporations ( GOCs) to maximise competitiveness and shareholder returns in the context of ownership expectations. Details of GOC industry sectors, shareholding Ministers, GOC type (statutory or corporation), and dates of corporatisation. The following links provide access to a range of GOC -related information containing news items, policies, relevant legislation, organisation and contact details. www.treasury.qld.gov.au /services/goc/goc.shtml

Livelihood Corporation Livelihood Corporation (LIVECOR), a state-owned corporation attached to the The Agri-Aqua Equipment Leasing Program is LIVECOR’s response to the call of President GMA for government corporations to be of real help to the Filipino farmer. The Sulat Municipal Government serves as big brother to the farmers of the said municipality by assigning a significant percentage of its Economic Development Fund from its Internal Revenue Allotment or IRA which ensured approval of their lease application with LIVECOR’s Equipment Leasing Program. www.livelihood.gov.ph /press.html

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