NYC Administrative Code

§ 5-508 — The budget; miscellaneous revenues appropriated for specific purposes.

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What is NYC AC § 5-508?

Quick Answer

This section outlines the requirements for the budget and preliminary budget, including the inclusion of miscellaneous revenues that are not derived from taxation. It specifies that these funds are to be appropriated for specific purposes as deemed necessary by the director of management and budget. Applies to city agencies managing budgetary funds.

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

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§ 5-508 The budget; miscellaneous revenues appropriated for specific purposes.

AC § 5-508

The budget and preliminary budget shall include the several items and amounts payable from funds other than those derived from taxation which are specifically provided by law to be so expended and which, in the judgment of the director of management and budget, are deemed necessary for the proper conduct of the various agencies, either in whole or in part as a supplement to the fund obtainable from taxation, and shall show the aggregate sum allowed to each agency and the total of all allowances contained in the budget to be obtained from taxation or other funds.

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