{"data":{"id":"us-nyc/n.y.c.-admin.-code-13-138","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 13-138","heading":"§ 13-138 Fund for current needs.","body":"For the purpose of meeting disbursements for pensions, pensions-providing-for-increased-take-home-pay, annuities and other payments, there may be kept an available fund, not exceeding ten per cent of the total amount in the several funds provided for by this chapter, on deposit in any bank in this state organized under the laws thereof or under the laws of the United States, or in any trust company incorporated by any law of this state, provided such bank or trust company shall furnish adequate security for such fund, and further provided that the sum deposited in any one bank or trust company shall not exceed twenty-five per cent of the paid-up capital and surplus of such bank or trust company.","path":["New York City Administrative Code","Title 13","Chapter 1: New York City Employees' Retirement System"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"abeab9684df32b9c7cfb768971fa5e21d2a3cbc91b0e438dc55ffe99a6c093a9","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-13-137","next":"us-nyc/n.y.c.-admin.-code-13-139"},"notice":"GroundRules: Original legal text. Not legal advice."}