NYC Council Introduction 1392

intro.nyc/1392-2025 2024-2025 Legislative Session
Quarterly advance payments to vendors under certain contracts with the dept of homeless services, the mayor's office of criminal justice and other agencies and to establish a pilot program for quarterly advance payments to vendors under contract.
Status: Committee Committee on Contracts
Sponsored by Adrienne E. Adams
Introduced: September 25, 2025

This bill would require quarterly advance payments to contractors under certain contracts with the Department of Homeless Services and the Mayor's Office of Criminal Justice, and a pilot program for quarterly advances for all other contracts. Beginning January 1, 2026, such contracts would be subject to advance payments of at least 25 percent of the contract value at the beginning of each quarter. By January 1, 2028, the Mayor would need to submit a report to the Council evaluating the effectiveness of quarterly advance payments. By January 1, 2030, the Mayor would need to submit a report to the Council evaluating the effectiveness of quarterly advance payments for contracts subject to the pilot program, and if appropriate, a plan to make permanent the program for contracts under the pilot program.