Int 1048-2023

Be it enacted by the Council as follows: Section 1. Chapter 1 of title 6 of the administrative code of the city of New York is amended by adding a new section 6-116.3 to read as follows: � 6-116.3 Document vault for procurement-related documents. a. Definitions. For purposes of this section, the following terms have the following meanings: Covered procurement. The term "covered procurement" means a procurement of goods, services, or construction by an agency that is managed through the citywide computerized system for comprehensive contract management. Document vault. The term "document vault" means an electronic repository for maintaining documents, where any document therein is accessible to natural persons authorized by the person who submitted such document. Procurement-related document. The term "procurement-related document" means any document, including but not limited to certificates, corporate organizational documents, and financial reports, that a contractor submits in connection with a covered procurement. b. The city chief procurement officer or their designee shall establish a document vault for procurement-related documents. � 2. This local law takes effect 1 year after it becomes law. Session 12 ARP LS # 12806 12/7/23