A5425 (2023-24 session)
NY State bill
Provides that monies may not be withdrawn from the revenue stabilization fund of the city of New York in any fiscal year unless the mayor has certified that there is a compelling fiscal need, including a national or regional recession of at least two quarters of declining real gross city product, a natural or other disaster, including terrorist attacks, or a declared state of emergency in the city of New York or the state of New York.
- Title
- Relates to monies withdrawn from the revenue stabilization fund of the city of New York
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Ways And Means
- Introduced
- 2023-03-10
- Law section
- General Municipal Law
Sponsors
- Edward C. Braunstein Assembly Member, District 26
Heard in committee
- Cities NY State Assembly committee
- Ways and Means NY State Assembly committee