Section 19-401
§ 19-401 Authorization of reduced fare contracts. a. The board of
estimate shall have the power, pursuant to section one hundred
nineteen-r of the general municipal law, to enter into a contract or
contracts with any person, firm or corporation owning and operating a
mass transportation facility within the city in order to provide
transportation at a reduced fare during specified days and hours for
eligible residents of the city who are over sixty-five years of age and
not fully employed.
b. Any such contract may provide for reimbursement of the actual or
estimated difference between the reduced fare collected from such
passengers and the established rate of fare, plus such other
administrative costs as may be incurred by the contracting person, firm
or corporation.
c. The separate and additional approval of the mayor shall be
necessary to the validity of any such contract.
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