Public money refers to the funds of every political division of a state wherein taxes are levied for public purposes. The term public fund also covers. The term also refers to the government spending for acquisition of goods and services for current use to directly satisfy individual or collective needs of the members of the community. Public finance law refers to legislation and regulations relating to the financial activities of government or public sector organizations. Public finance laws govern the funding and adminstatration of specific governmental activities including the sale and purchase of various types of bonds. According to the public figure doctrine, prominent public persons must prove actual malice on the part of the news media in order to prevail in a libel lawsuit. Actual malice is the knowledge of falsity or reckless disregard of whether a statement is true or false. The public figure doctrine makes it possible for publishers to provide information on public issues to the debating public, undeterred by the threat of liability. Generally speaking public facility can be any facility, including, but not limited to, buildings, property, recreation areas, and roads, which are owned, leased, or otherwise operated, or funded by a governmental body or public entity. According to HUD, public facility is a facility owned by a federal or state instrumentality, a municipal corporation instrumentality or one or more states, or a redevelopment housing corporation formed under and restricted by federal or state laws or regulations of the state department such as banking or insurance department as to charges, capital structure, rate of return or methods of operation.
