NYC Council Introduction 508

intro.nyc/0508-2024 2024-2025 Legislative Session
Reporting of promptness of agency payments to contractors.
Status: Laid Over in Committee Committee on Contracts
Sponsored by Justin L. Brannan
Introduced: March 7, 2024

This bill would require the Procurement Policy Board to create a process for City agencies to inform vendors of the reason for any late payments. It would also require City agencies to provide the Mayor’s Office of Contract Services with reports on any such late payment. The Mayor’s Office of Contract Services would then provide a report to the Mayor and Council every 6 months with information about the late payments from all City agencies