Brooklyn since 2014All five boroughsSame-day response during business hours

What is NYC AC § 11-540?

Quick Answer

This section outlines that all revenues generated from the taxes imposed under this chapter are to be deposited into the city's general fund. The use of these revenues is restricted to appropriations made in the city's annual budget. Applies to city financial operations regarding tax revenues.

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

Michael Nacmias - Founding PartnerMichael Sargo - Partner
From the team atNacmias Law Firm, PLLCBrooklyn-based attorneys representingproperty owners across all five boroughsMeet the team →

§ 11-540 Disposition of revenues.

AC § 11-540

All revenues resulting from the imposition of the taxes under this chapter shall be paid into the treasury of the city and shall be credited to and deposited in the general fund of the city, but no part of such revenues may be expended unless appropriated in the annual budget of the city.

Common Questions

Our team

Meet the people you will work with

TI

Tiffany Irizarry

Legal Coordinator

OATH / DOB
TI

Tiffany Irizarry

Legal Coordinator

OATH / DOB

Free case review

Talk to an attorney before you act on NYC code.

Free 15-minute case review with the attorney handling your matter. Same-day response during business hours across all five boroughs — OATH hearings, Housing Court, and real estate closings.

Or email us

reception@nacmiaslaw.com

An attorney reads every message.

  • Same-day response

    During business hours

  • Direct attorney access

    Same lawyer from intake to close

  • Flat-fee pricing

    On most OATH and closing matters