File #: T2025-3368    Version: * Name: Disbursement of a percentage of awards to non-profit organizations for contracts immediately upon registration by the comptroller.
Type: Introduction Status: Introduced
Committee: Committee on Contracts
On agenda: 4/24/2025
Enactment date: Law number:
Title: A Local Law to amend the New York city charter, in relation to the disbursement of a percentage of awards to non-profit organizations for contracts immediately upon registration by the comptroller
Sponsors: Adrienne E. Adams, Althea V. Stevens, Julie Won, Justin L. Brannan, Farah N. Louis
Council Member Sponsors: 5
Summary: This bill would require the Procurement Policy Board to promulgate rules requiring the immediate disbursement of 80 percent of a fiscal year’s contract funds for agency contracts with non-profit organizations for goods, services or construction upon registration by the Comptroller and upon the start of each subsequent fiscal year, and to establish a process to recover funds for which the agency does not ultimately receive and accept the agreed-upon goods, services or construction.
Indexes: Agency Rule-making Required
Attachments: 1. Summary of Int. No., 2. Int. No.

Int. No.

 

By the Speaker (Council Member Adams) and Council Members Stevens, Won, Brannan and Louis

 

A Local Law to amend the New York city charter, in relation to the disbursement of a percentage of awards to non-profit organizations for contracts immediately upon registration by the comptroller

 

Be it enacted by the Council as follows:

 

Section                      1.  Subdivision b of section 332 of the New York city charter, as amended by local law number 192 for the year 2017, is amended to read as follows:

b. The procurement policy board shall promulgate rules for the expeditious processing of payment vouchers by city agencies and departments including (i) the maximum amount of time allowed for the processing and payment of such vouchers from the later of (a) the date such vouchers are received by the agency, or (b) the date on which the goods, services or construction to which the voucher relates have been received and accepted by the agency, except that for any  such payment voucher that relates to a contract award to a non-profit organization for goods, services or construction, 80 percent of the fiscal year’s payment voucher shall be processed and paid immediately upon the contract’s registration by the comptroller and 80 percent of each subsequent fiscal year’s payment voucher shall be processed and paid immediately upon the start of that fiscal year, (ii) a process for reclaiming any funds that were paid immediately upon registration by the comptroller pursuant to this subdivision in instances in which the agency does not ultimately receive and accept the applicable goods, services or construction, (iii) a program for the payment of interest, at a uniform rate, to vendors on vouchers not paid within the maximum amount of time pursuant to clause i of this subdivision, [(iii)] (iv) a process for the allocation and charging of any such interest payments to the budget of the agency responsible for the delay leading to the interest payments and [(iv)] (v) agency reporting on the promptness of such payments in such form and containing such information as the board shall prescribe. The board shall coordinate and publish such agency prompt payment reports. Such rules shall facilitate the development and implementation of programs pursuant to subdivision a of this section.

§ 2.  This local law takes effect 90 days after it becomes law.

 

 

Session 13

LMH

LS # 15893

3/31/2025

 

Session 12

ARP

LS # 9187

4/13/2023