File #: Int 1497-2025    Version: * Name: Annual disclosure of financial interests by certain officers and employees of the city.
Type: Introduction Status: Committee
Committee: Committee on Governmental Operations, State & Federal Legislation
On agenda: 12/4/2025
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the annual disclosure of financial interests by certain officers and employees of the city
Sponsors: Lincoln Restler, (by request of the Mayor)
Council Member Sponsors: 1
Summary: This bill would amend the annual disclosure law to affect the bands a New York City officer, employee, candidate for office, or political party official selects when disclosing anything with a monetary value or amount. There are currently seven bands one may choose from when it comes to disclosure. The bill would set these bands to $1000 to $5000, $5000 to $64,000, $64,000 to $150,000, $150,000 to $250,000, $250,000 to $500,000, $500,000 to $1,000,000, and any amount over $1,000,000. While the bill may have an effect on which band an officer or employer discloses in, it does not affect the number of people who must disclose, nor does it affect which people must disclose.
Attachments: 1. Int. No. 1497, 2. Summary of Int. No. 1497, 3. Mayor's Memorandum In Support, 4. December 4, 2025 - Stated Meeting Agenda

Int. No. 1497

 

By Council Member Restler (by request of the Mayor)

 

A Local Law to amend the administrative code of the city of New York, in relation to the annual disclosure of financial interests by certain officers and employees of the city

 

Be it enacted by the Council as follows:

Section 1.  Subparagraph (q) of paragraph 1 of subdivision d of section 12-110 of the administrative code of the city of New York, as amended by local law number 58 of 2012, is amended to read as follows:

(q) Whenever a “value” or “amount” is required to be reported pursuant to this section, such value or amount shall be reported as being within one of the following categories: (a) at least one thousand dollars but less than five thousand dollars; (b) at least five thousand dollars but less than [thirty-two thousand dollars, or such other] the amount [as] set by the conflicts of interest board [shall set] pursuant to subdivision sixteen of section twenty-six hundred one and subdivision a of section twenty-six hundred three of the charter; (c) at least [thirty-two thousand dollars, or such other] the amount [as] set by the conflicts of interest board [shall set] pursuant to subdivision sixteen of section twenty-six hundred one and subdivision a of section twenty-six hundred three of the charter, but less than [sixty] one hundred fifty thousand dollars; (d) at least [sixty] one hundred fifty thousand dollars but less than [one] two hundred fifty thousand dollars; (e) at least [one] two hundred fifty thousand dollars but less than [two] five hundred [fifty] thousand dollars; (f) at least [two] five hundred [fifty] thousand dollars but less than [five hundred thousand] one million dollars; and (g) [five hundred thousand] one million dollars or more.

§ 2. This local law takes effect immediately.