L.L. 1992/044

Enactment date: 7/7/1992

Int. No. 121-A

By Council Members Maloney and Michels; also Council Members Alter, Foster, Freed, Leffler, McCaffrey, Cerullo III, Malave-Dilan, White, Millard, Warden, DiBrienza, Eldridge, Watkins, Linares, Fisher, Powell IV, Marshall and Fusco

A Local Law to amend the Administrative Code of the City of New York in relation to reports of the comptroller on contracts

Be it enacted by the Council as follows:

Section 1. Legislative intent. In 1987, the council enacted Local Law 52 to require the mayor and the comptroller to jointly establish a computerized data base containing information about contracts, franchises and concessions entered into by mayoral and non-mayoral agencies. Local Laws 5 and 13 of 1991 created the complement to this data base and require the mayor and the comptroller to be jointly responsible for the maintenance of a computerized data system that contains information about people and companies with whom the city does business. These legislative initiatives were pressed because of the council's concern that contracts go only to honest and capable vendors and that the city obtain the highest quality and quantity of goods and services for the approximately six billion dollars in city funds that are spent each year through procurement. Much of this money consists of funds allocated in the New York city budget to public benefit corporations and similar entities, such as the Health and Hospitals Corporation and the Economic Development Corporation.

It is the intent of this legislation to make clear that public benefit corporations and similar entities that receive city funds are responsible for reporting contractual expenditures to the taxpayers who supply those funds.

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[Consolidated provisions are not included in this Appendix A]

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§ 8. This local law shall take effect ninety days after its enactment.