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What is NYC AC § 5-507?

Quick Answer

This section outlines the requirements for the preparation of the proposed and preliminary budgets, detailing appropriations, terms, conditions for expenditure, and the total sum allocated to each agency as determined by the mayor. Applies to city agencies involved in budget preparation.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 5-507 The budget; details.

AC § 5-507

In addition to the requirements set out in the charter, the proposed budget and the preliminary budget shall be prepared in such detail as to the titles of appropriations, the terms and conditions under which the same may be expended and the aggregate sum allowed to each agency, as the mayor shall deem advisable.

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