Preconsidered Res. No. 175
RESOLUTION APPROVING THE MODIFICATION OF UNITS OF APPROPRIATION AND THE TRANSFER OF CITY FUNDS BETWEEN AGENCIES PROPOSED BY THE MAYOR PURSUANT TO SECTION 107(b) OF THE NEW YORK CITY CHARTER (MN-2)
By Council Member Ferreas
Whereas, at a meeting of the Committee on Finance of the City Council of the City of New York (the "City Council") on April 10, 2014 the Committee on Finance received a communication, dated April 7, 2013 from the Office of Management and Budget of the Mayor of The City of New York (the "Mayor"), of a proposed request to modify units of appropriation and transfer city funds between various agencies in the amount of $1,494,527,564 in the Fiscal Year 2014 expense budget as adopted by the Council on June 26, 2013, pursuant to Section 107(b) of the Charter of the City of New York (the "Charter"); and
Whereas, pursuant to Section 107(b) of the Charter, the City Council has thirty (30) days after the first stated meeting of the City Council following such receipt within which to act upon the Modification;
NOW, THEREFORE, The Council of The City of New York hereby resolves as follows:
1. Approval of Modification. The City Council hereby approves, pursuant to Section 107(b) of the Charter, the actions proposed by the Mayor as set forth in the Modification.
2. Effective Date. This resolution shall take effect as of the date hereof.
I hereby certify that the foregoing is a true and complete copy of a resolution adopted by The Council of The City of New York on file in this office.
Clerk of the Council of the City of New York