govt.fyi
NYC Council · Int 1087-2024 · Committee

Study on a program to make bridge loans available to awardees of capital funding from the city.

Introduced
Moved
Reached a final decision
Introduced Oct 10, 2024
Derived from the official record below.

Officially: “A Local Law in relation to a study on a program to make bridge loans available to awardees of capital funding from the city” Read the full text

Finance

What it does

This bill would require the Office of Management and Budget (OMB) to conduct a study on the feasibility of creating a bridge loan program for not-for-profit entities that receive capital funding grants from the city and to report on the findings of the study.
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 · Oct 10, 2024
Referred to Comm by Council · Oct 10, 2024 · the latest recorded action

Who decides next

This bill sits with the Finance committee. These members decide whether it ever reaches a vote; 99% of bills a committee approves become law.

Linda Lee · chairAlexa AvilésChristopher MarteCrystal HudsonDarlene MealyFrank MoranoJames F. GennaroJustin E. SanchezLincoln RestlerMercedes NarcisseNantasha M. WilliamsOswald J. FelizPhil WongSelvena N. Brooks-PowersShaun AbreuShirley AldebolVirginia Maloney

This committee’s full record

Official documents

Summary of Int. No. 1087
official
Int. No. 1087
official
October 10, 2024 - Stated Meeting Agenda
official
Hearing Transcript - Stated Meeting 10-10-24
official
Minutes of the Stated Meeting - October 10, 2024
official
Straight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.

The numbers

16
sponsors on the bill

Sponsors

Nantasha M. WilliamsKevin C. RileyAlthea V. StevensChi A. OsséSelvena N. Brooks-PowersKamillah HanksMercedes NarcisseLynn C. SchulmanJustin L. BrannanChris BanksAlexa AvilésSusan ZhuangJames F. GennaroShahana K. HanifErik D. BottcherCrystal Hudson

Who is lobbying on this

New York Sun Works, Inc.via Lemma Strategies Inc. · Public, Community Interest & Not-for-profit Organization
1 filing
From 1 City Clerk eLobbyist filing naming this bill (2024). 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: Referred to Comm by Council (Oct 10, 2024).