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NYC Administrative Code

§ 22-305 — Municipal energy fund.

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What is NYC AC § 22-305?

Quick Answer

This section establishes the municipal energy fund, which receives revenues from the operation of public utility services. These revenues are not considered city revenues and are paid without appropriation, ensuring separate accounting from the city's expense budget. Applies to municipal operations related to public utility services.

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

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§ 22-305 Municipal energy fund.

AC § 22-305

Revenues received from the operation of the public utility service shall be paid into a fund to be known as the municipal energy fund. The revenues paid into such fund shall not be revenues of the city, and payments from such fund shall be made without appropriation and shall not be included in the expense budget of the city. Nothing herein shall prohibit the city from appropriating expense or capital funds in connection with the public utility service, nor shall payments from the municipal energy fund to the general fund be prohibited.

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