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What is NYC AC § 11-2109?

Quick Answer

This section requires the comptroller to establish appropriate reserves when a grantor or grantee has applied for a refund and initiated an article seventy-eight proceeding to review an adverse determination regarding that refund. Applies to parties involved in refund applications against the city.

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

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§ 11-2109 Reserves.

AC § 11-2109

In cases where the grantor or grantee has applied for a refund and has instituted a proceeding under article seventy-eight of the civil practice law and rules to review a determination adverse to him or her on his or her application for refund, the comptroller shall set up appropriate reserves to meet any decision adverse to the city.

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