File #: Res 1263-2020    Version: * Name: M 227 - Transfer City funds between various agencies in FY'20 to implement changes to the City's expense budget. (MN-3)
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 2/27/2020
Enactment date: Law number:
Title: RESOLUTION APPROVING THE MODIFICATION (MN-3) 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.
Sponsors: Daniel Dromm
Council Member Sponsors: 1
Attachments: 1. Res. No. 1263, 2. MN-3, 3. Memorandum, 4. Committee Report, 5. Complete Package, 6. February 27, 2020 - Stated Meeting Agenda with Links to Files, 7. Hearing Transcript - Stated Meeting 2-27-20, 8. Minutes of the Stated Meeting - February 27, 2020

Preconsidered Res. No. 1263

 

RESOLUTION APPROVING THE MODIFICATION (MN-3) 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.

 

By Council Member Dromm

 

                     Whereas, At a meeting of the Committee on Finance of the City Council of the City of New York (the “City Council”) on February 27, 2020, the Committee on Finance considered a communication, dated February 26, 2020, from the Office of Management and Budget of the Mayor of The City of New York (the “Mayor”), of a proposed request, attached hereto as Exhibit 1 (the “Modification”), to modify units of appropriation and transfer city funds in the amount of $749,226,197 in the Fiscal 2020 expense budget as adopted by the Council on June 19, 2019, 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 February 27, 2020 on file in this office.

                                                                                                                                                                                            

Clerk of the Council of the City of New York