Requiring an annual report by a contracted entity to include information about agreements to provide community benefits.
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to requiring an annual report by a contracted entity to include information about agreements to provide community benefits” Read the full text
Economic Development
What it does
This bill would alter the terms of the contract between the city and the New York Economic Development Corporation (“EDC”) by requiring EDC to include in its annual report certain details regarding any commitments by a person or organization to provide community benefits to residents of a neighborhood effected by an EDC project.
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 · May 16, 2024
Referred to Comm by Council · May 16, 2024
Hearing Held by Committee · Jun 13, 2024
Committee on Economic Development
Laid Over by Committee · Jun 13, 2024
Committee on Economic Development
Hearing Held by Committee · Apr 24, 2025
Committee on Economic Development
Amendment Proposed by Comm · Apr 24, 2025
Committee on Economic Development
Amended by Committee · Apr 24, 2025
Committee on Economic Development
Approved by Committee · Apr 24, 2025
Committee on Economic Development
Approved by Council · Apr 24, 2025
Sent to Mayor by Council · Apr 24, 2025
City Charter Rule Adopted · May 24, 2025
Administration
Returned Unsigned by Mayor · May 27, 2025
Official documents
Summary of Int. No. 861-A
officialSummary of Int. No. 861
officialInt. No. 861
officialMay 16, 2024 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 5-16-24
officialMinutes of the Stated Meeting - May 16, 2024
officialCommittee Report 6/13/24
officialHearing Testimony 6/13/24
officialHearing Transcript 6/13/24
officialProposed Int. No. 861-A - 4/17/25
officialCommittee Report 4/24/25
officialHearing Transcript 4/24/25
officialApril 24, 2025 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 4-24-25
officialInt. No. 861-A (FINAL)
officialFiscal Impact Statement - City Council
officialLocal Law 67
officialLegislative Documents - Letter to the Mayor
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
26
sponsors on the bill
Sponsors
Alexa AvilésShahana K. HanifLincoln RestlerTiffany L. CabánSandy NurseJennifer GutiérrezChris BanksGale A. BrewerSelvena N. Brooks-PowersDiana I. AyalaCarmen N. De La RosaChristopher MarteAmanda C. FaríasJulie WonChi A. OsséNantasha M. WilliamsShekar KrishnanOswald J. FelizJustin L. BrannanMercedes NarcisseFarah N. LouisCarlina RiveraRita C. JosephPierina Ana SanchezEric DinowitzDarlene Mealy
Every fact on this page links to its source, starting with the official bill record. Last action: Returned Unsigned by Mayor (May 27, 2025).