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What is NYC AC § 22-826?

Quick Answer

This section mandates that contracts exceeding $20,000,000 between the department and a Brooklyn Navy Yard development entity include a requirement for annual progress reports. These reports must be submitted by January 15 each year to the mayor and the speaker of the council. Applies to Brooklyn Navy Yard development entities involved in significant contracts.

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

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§ 22-826 Brooklyn navy yard master plan annual report.

AC § 22-826

Each contract with a value in excess of $20,000,000 registered by the comptroller, on or after April 1, 2021, between the department and a Brooklyn navy yard development entity shall include a provision obligating the Brooklyn navy yard development entity to submit a report no later than January 15 of each calendar year during which such contract is in effect to the mayor and the speaker of the council regarding such entity's progress toward achieving the goals set forth in its master plan. (L.L. 2021/032, 3/28/2021, eff. 3/28/2021) Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2021/032.

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