Int 0405-1998

Be it enacted by the Council as follows: Section 1. Subdivision b of section 107 of the New York city charter is amended to read as follows: b. The mayor during any fiscal year may transfer part or all of any unit of appropriation to another unit of appropriation, except that when any such transfer (1) shall be from one agency to another or (2) shall result in any unit of appropriation having been increased or decreased by more than five percent or fifty thousand dollars, whichever is greater, from the budget as adopted for such unit of appropriation, the mayor shall [notify] provide a separate notification to the council [of the] for each proposed [action] transfer. Within thirty days after the first stated meeting of the council following the receipt of each such [notice] notification, the council may disapprove the proposed [action] transfer; provided, however, that the mayor may recommend such a transfer if it is related to an appropriation included in the budget pursuant to section one hundred two only with the concurrence of the relevant borough president; and a borough president may make such a recommendation with regard to such an appropriation if it is concurred in by the mayor and does not include a reduction in an appropriation other than one included in the budget pursuant to section one hundred two on the recommendation of such borough president. Written notice of any transfer pursuant to this subdivision shall be given to the comptroller and shall be published in the City Record as soon as possible after such transfer. �2. This local law shall take effect immediately. - - - -