US Laws, Codes, Statutes & Cases

 
    §  11-412.2  Council  review  of  conveyance  to  a  third  party. The
  commissioner of  finance  shall,  prior  to  the  execution  of  a  deed
  conveying  full  and  complete title of any parcel of class one or class
  two real property to a third party pursuant to subdivision c of  section
  11-412.1 of this chapter, notify the council of the proposed conveyance.
  Within  forty-five  days  of  such  notification, the council may act by
  local law disapproving the proposed conveyance. In the event the council
  does not act by local law within such forty-five day period, the council
  shall be deemed to have approved the proposed  conveyance.  During  such
  forty-five day period or, if the city council acts by local law pursuant
  to  this section, during the period of time from the notification of the
  council to the presentation to the mayor of such local  law  and  during
  any  additional  period of time prescribed in section 37 of the charter,
  the eight-month period provided in  subdivisions  c  and  i  of  section
  11-412.1 of this chapter shall be tolled.