Amend the Financial Emergency Act (“FEA” or the “Act”)

Resolution calling upon the New York State Legislature to adopt S.5466 and A.6854, legislation which would amend the Financial Emergency Act (“FEA” or the “Act”) to allow the City of New York to establish a “rainy day” fund, and ensure that any extension of the Act includes provisions for such fund, as well as provisions requiring regular financial reporting by all covered organizations to the Mayor and City Council, making the Act a “Financial Emergency Act for the 21st Century”.