Interest to be paid on late contract payments to non-profit contractors.
Introduced
Moved
Reached a final decision
Introduced Mar 7, 2024
Official status: Filed (End of Session)
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to interest to be paid on late contract payments to non-profit contractors” Read the full text
Contracts
What it does
This bill would require interest to be paid on late payments under city contracts with non-profit organizations. The non-profit contractor would not be eligible to receive the interest if the non-profit contractor has received a no-interest and no-service-fee loan issued or authorized by a city agency to cover its expenses in relation to the subject contract.
Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.
Where it is
Introduced by Council · Mar 7, 2024
Referred to Comm by Council · Mar 7, 2024
Hearing Held by Committee · Jun 4, 2024
Committee on Contracts
Laid Over by Committee · Jun 4, 2024
Committee on Contracts
Filed (End of Session) · Dec 31, 2025
Official documents
Summary of Int. No. 514
officialInt. No. 514
officialMarch 7, 2024 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 3-7-24
officialMinutes of the Stated Meeting - March 7, 2024
officialCommittee Report 6/4/24
officialHearing Testimony 6/4/24
officialHearing Transcript 6/4/24
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
13
sponsors on the bill
Sponsors
Justin L. BrannanShahana K. HanifGale A. BrewerFarah N. LouisCrystal HudsonJennifer GutiérrezAlthea V. StevensKamillah HanksSandy NurseChris BanksMercedes NarcisseLynn C. SchulmanErik D. Bottcher
Who is lobbying on this
Justice Innovation Inc.via Justice Innovation Inc. · Public, Community Interest & Not-for-profit Organization
1 filingHomeless Services United, Inc.via Homeless Services United, Inc. · Public, Community Interest & Not-for-profit Organization
1 filingHuman Services Council of New Yorkvia Human Services Council of New York · Public, Community Interest & Not-for-profit Organization
1 filingCatholic Charities of the Archdiocese of New Yorkvia Catholic Charities of the Archdiocese of New York · Public, Community Interest & Not-for-profit Organization
1 filingFrom 4 City Clerk eLobbyist filings naming this bill (2024 to 2025). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.
Every fact on this page links to its source, starting with the official bill record. Last action: Filed (End of Session) (Dec 31, 2025).