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What is NYC AC § 22-401?

Quick Answer

This section authorizes the city to apply for grants to establish and maintain foreign-trade zones in accordance with federal law. The statute outlines the city's ability to accept such grants and manage these zones, facilitating foreign commerce. Applies to municipal authorities involved in trade zone operations.

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

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§ 22-401 Foreign-trade zones.

AC § 22-401

The city is hereby authorized from time to time to make application to the board established by the act of congress, approved June eighteenth, nineteen hundred thirty-four, entitled "An act to provide for the establishment, operation and maintenance of foreign-trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes," for a grant or grants or any extensions thereof to such city of the privilege of establishing, operating and maintaining a foreign-trade zone or zones or any extensions thereof in such city, pursuant to the provisions of such act, and if any such application be granted, to accept such grant or grants or any extensions thereof and to establish, operate and maintain any such zone or extension thereof in accordance with law. The authorization hereby granted shall extend to and cover any application heretofore made for any such purpose by the city pursuant to the act of congress hereinbefore described, and to any amendment of such an application.

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