N.Y.C. Admin. Code § 20-297.4: § 20-297.4 Fee; bond.

a. Before the commissioner may issue a license to establish, maintain or operate an industrial laundry, an applicant shall pay a biennial fee and furnish a bond to the commissioner in the amount indicated in the following schedule, depending on the number of persons employed by such applicant:

Number of employees

Biennial License fee

Amount of bond

Five or fewer

$340

$500

Between six and 10

$490

$500

Between 11 and 25

$740

$500

Between 26 and 50

$1,240

$1,500

Between 51 and 75

$1,740

$2,500

Between 76 and 100

$1,990

$3,000

Between 101 and 125

$2,240

$3,000

126 or more

$2,740

$5,000

b. Before the commissioner may issue a license to establish, maintain or operate a business that engages in industrial laundry delivery, an applicant shall pay a biennial fee of $340 and furnish a bond of $500.

c. An applicant furnishing a bond under this section shall execute such bond with two or more sureties or a duly authorized surety company approved by the commissioner and shall make such bond payable to the people of the city. Such bond shall be conditioned on the following:

1. That such applicant will comply with the provisions of this subchapter; and

2. That such applicant will pay to the city any fine, penalty or other obligation within 30 days of its imposition, or any final judgment recovered by any person dealing or trading with such licensee for the loss or conversion of laundry within 30 days from the entry and filing of such judgment.

(L.L. 2016/087, 8/3/2016, eff. 1/30/2017; Am. L.L. 2021/080, 7/18/2021, eff. 12/31/2021; Am. L.L. 2021/098, 9/26/2021, eff. 12/31/2021)