New York City Council Header
File #: Int 0707-2011    Version: Name: Disclosure of project cost increases.
Type: Introduction Status: Enacted
Committee: Committee on Contracts
On agenda: 11/3/2011
Enactment date: 3/26/2012 Law number: 2012/018
Title: A Local Law to amend the administrative code of the city of New York, in relation to disclosure of project cost increases.
Sponsors: Letitia James, Deborah L. Rose, Lewis A. Fidler, Helen D. Foster, G. Oliver Koppell, Brad S. Lander, Rosie Mendez, Michael C. Nelson, Annabel Palma, Jumaane D. Williams, Melissa Mark-Viverito, Diana Reyna, Darlene Mealy, Margaret S. Chin, Robert Jackson, Stephen T. Levin, James F. Gennaro, Ydanis A. Rodriguez, Daniel Dromm , Charles Barron, Inez E. Dickens, Daniel R. Garodnick, Peter A. Koo, Daniel J. Halloran III, Eric A. Ulrich
Council Member Sponsors: 25
Attachments: 1. Int. No. 707 - 11/3/11, 2. Committee Report 10/31/11, 3. Hearing Testimony 10/31/11, 4. Hearing Transcript 10/31/11, 5. Committee Report 3/14/12, 6. Hearing Transcript 3/14/12, 7. Fiscal Impact Statement, 8. Hearing Transcript - Stated Meeting 3-14-12, 9. Mayor's Letter, 10. Local Law, 11. Report Cover Letter, 12. Disclosure of Cost Increases on Large City Projects, 13. Disclosure of Cost Increases on Large City Projects - 2nd Quarter of FY'18
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
3/26/2012ALetitia James City Council Recved from Mayor by Council  Action details Meeting details Not available
3/26/2012ALetitia James Mayor Signed Into Law by Mayor  Action details Meeting details Not available
3/26/2012ALetitia James Mayor Hearing Held by Mayor  Action details Meeting details Not available
3/14/2012ALetitia James City Council Sent to Mayor by Council  Action details Meeting details Not available
3/14/2012ALetitia James City Council Approved by CouncilPass Action details Meeting details Not available
3/14/2012*Letitia James Committee on Contracts Hearing Held by Committee  Action details Meeting details Not available
3/14/2012*Letitia James Committee on Contracts Amendment Proposed by Comm  Action details Meeting details Not available
3/14/2012*Letitia James Committee on Contracts Amended by Committee  Action details Meeting details Not available
3/14/2012ALetitia James Committee on Contracts Approved by CommitteePass Action details Meeting details Not available
11/3/2011*Letitia James City Council Introduced by Council  Action details Meeting details Not available
11/3/2011*Letitia James City Council Referred to Comm by Council  Action details Meeting details Not available
10/31/2011*Letitia James Committee on Technology P-C Item Laid Over by Comm  Action details Meeting details Not available
10/31/2011*Letitia James Committee on Technology Hearing on P-C Item by Comm  Action details Meeting details Not available
10/31/2011*Letitia James Committee on Contracts P-C Item Laid Over by Comm  Action details Meeting details Not available
10/31/2011*Letitia James Committee on Contracts Hearing on P-C Item by Comm  Action details Meeting details Not available
Int. No. 707-A
 
By Council Members James, Rose, Fidler, Foster, Koppell, Lander, Mendez, Nelson, Palma, Williams, Mark-Viverito, Reyna, Mealy, Chin, Jackson, Levin, Gennaro, Rodriguez, Dromm, Barron, Dickens, Garodnick, Koo, Halloran and Ulrich
 
 
A Local Law to amend the administrative code of the city of New York, in relation to disclosure of project cost increases.
 
 
Be it enacted by the Council as follows:
Section       1.  Chapter 1 of title 6 of the administrative code of the city of New York is amended by adding a new section 6-133 to read as follows:
§ 6-133.  Notification of project cost increases.  
a.  For the purposes of this section, "agency" means a city, county, borough, or other office, position, administration, department, division, bureau, board or commission, or a corporation, institution or agency of government, the expenses of which are paid in whole or in part from the city treasury.
b.  If an agency that has entered into a contract for construction and/or services with a maximum expenditure of more than ten million dollars in connection with a project included in the capital budget enters into a contract modification or extension that results in a total revised maximum expenditure that exceeds the original contract maximum expenditure by twenty percent or more, the mayor shall notify the council of such contract modification or extension, including details of the basis for and scope of the estimated additional costs.  
c.  Once such notification has been provided for a contract, any additional modifications or extensions of such contract that increase the maximum expenditure more than ten percent over the total revised maximum expenditure shall trigger new notification to the council.
d.  Notifications pursuant to this section shall be provided on a quarterly basis sorted by project within forty-five days of the end of the calendar quarter within which the comptroller registered such contract action.  
§2.  This local law shall take effect ninety days after its enactment into law.
 
 
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LS #1880
2/17/12