File #: Int 0654-2022    Version: * Name: Disbursement of awards for contracts under ten million dollars immediately upon registration by the comptroller.
Type: Introduction Status: Committee
Committee: Committee on Contracts
On agenda: 9/14/2022
Enactment date: Law number:
Title: A Local Law to amend the New York city charter, in relation to disbursement of awards for contracts under ten million dollars immediately upon registration by the comptroller
Sponsors: Charles Barron, Farah N. Louis, Kevin C. Riley, Amanda Farías
Council Member Sponsors: 4
Summary: This bill would require the Procurement Policy Board to promulgate rules requiring the immediate disbursement of contract funds for agency contracts for goods, services or construction up to $10 million upon registration by the Comptroller, and a process to recover funds for which the agency does not ultimate receive and accept the agreed-upon goods, services or construction.
Indexes: Agency Rule-making Required
Attachments: 1. Summary of Int. No. 654, 2. Int. No. 654, 3. September 14, 2022 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 9-14-22, 5. Minutes of the Stated Meeting - September 14, 2022

Int. No. 654

 

By Council Members Barron, Louis, Riley and Farías

 

A Local Law to amend the New York city charter, in relation to disbursement of awards for contracts under ten million dollars 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 any such payment voucher that relates to a contract award for goods, services or construction in an amount less than ten million dollars shall be processed and paid immediately upon registration by the comptroller, (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 12

ARP

LS # 9187

8/22/2022