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

Summary

This bill would require the Procurement Policy Board to promulgate rules requiring the immediate disbursement of contract funds for agency contracts with non-profit organizations 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.

Official summary of legislation · NYC Council