Local law · Int 0940-2026
A pilot program to establish a baby opportunity fund
Official titleShow
A Local Law in relation to a pilot program to establish a baby opportunity fund
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
New York City Council
Summary
This bill would require the Department of Youth and Community Development (DYCD) or any agency designated by the Mayor, to partner with a non-profit organization which manages qualified interest bearing savings accounts to establish a baby opportunity fund. The agency would coordinate with the Department of Health and Mental Hygiene (DOHMH) to identify eligible children that qualify for the program and submit applications for eligible children to the non-profit organization. $2000 would be deposited in the account within 3 months after the application for the eligible child is received. The agency must also submit a report to the Mayor and Speaker of the Council, assessing the feasibility of continuing or expanding the program.
Summary from NYC Council (Legistar). How we handle summaries
Introduced in conjunction with the Brooklyn Borough President.
From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data
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Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Committee on Children and Youth
Cosponsors
Nantasha M. Williams, Julie Won and 8 others
Cosponsors in the order the New York City Council lists them.
- Democratic10
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Full history
- Jun 11, 2026
Introduced
This Introduction was Introduced by Council
NYC Council
- Jun 11, 2026
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Children and Youth
NYC Council