New York City Council Header
File #: Int 0680-2018    Version: * Name: Appropriation of funds for the operation and maintenance of the library systems.
Type: Introduction Status: Committee
Committee: Committee on Finance
On agenda: 3/7/2018
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to appropriation of funds for the operation and maintenance of the library systems
Sponsors: James G. Van Bramer
Council Member Sponsors: 1
Summary: This local law would state that in any given fiscal year, upon agreement by the Mayor and the Council, 2.5 percent of the City’s real property tax revenue would be appropriated to the City’s three library systems for their operation and maintenance.
Attachments: 1. Summary of Int. No. 680, 2. Int. No. 680, 3. March 7, 2018 - Stated Meeting Agenda

Int. No. 680

 

By Council Member Van Bramer

 

A Local Law to amend the administrative code of the city of New York, in relation to appropriation of funds for the operation and maintenance of the library systems

 

Be it enacted by the Council as follows:

Section 1.  Section 5-509 of the administrative code of the city of New York is amended by adding a new subdivision 7 to read as follows:

7.  Upon agreement between the mayor and the council, a sum representing two and one-half percent of the real property tax revenue assessed each fiscal year shall be appropriated to the operation and maintenance of the library systems.

§ 2.  This local law takes effect immediately.

RKC

LS#801/Int. 114/2014

LS#567