New York Industrial And Commercial Incentive Board.
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§ 11-248 Industrial and commercial incentive board. There shall be an
industrial and commercial incentive board to consist of the deputy mayor
for economic policy and development who shall be chairperson of the
board, the commissioner of finance, the chairperson of the city planning
commission and the director of management and budget, each of whom shall
have the power to designate an alternate to represent him or her at
board meetings with all the rights and powers, including the right to
vote, reserved to all board members, provided that such designation be
in writing to the chairperson of the board, and three other members to
be appointed by the mayor. In addition, the borough president of each
borough or his or her designated representative, shall be a member of
such board for the purpose of taking action with respect to property
located in his or her borough. The members of the board who shall be
agents, officers, or employees of the city shall serve without
compensation but shall be reimbursed for expenses necessarily incurred
in the performance of their duties. The members of the board who are not
agents, officers, or employees of the city shall receive as compensation
for their services one hundred dollars per diem, provided, however, that
the total compensation paid to any such member shall not exceed twelve
hundred dollars for any calendar year. Four members of the board shall
constitute a quorum.