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What is NYC RCNY § 54-01?

Quick Answer

Application. The term "application" means an application for a merger or apportionment.

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Effective: 12/17/2017

§ 54-01 Definitions.

RCNY § 54-01

Application. The term "application" means an application for a merger or apportionment. Apportionment. The term "apportionment" means the division of one separately assessed parcel of real property into two or more parcels of real property. Build it Back Program. The term "Build it Back Program" means the program developed by the City of New York in 2013 to provide recovery assistance to the owners of one to four unit residential properties damaged by Superstorm Sandy. The Disaster Relief Appropriation Act, Pub. L. No. 113-2, 127 Stat. 4 (2013) appropriated federal funds to the United States Department of Housing and Urban Development for relief from Superstorm Sandy. The Build it Back Program uses funds from the HUD Community Development Block Grant Disaster Recovery program and is designed to assist both owner-occupied and tenant-occupied properties within New York City. Department. The term "Department" means the Department of Finance of the City of New York. Merger. The term "merger" means the combination of two or more separately assessed parcels of real property into one larger parcel of real property. (Added City Record 11/17/2017, eff. 12/17/2017)

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