Authorizes the council on the arts to designate Little Panama as a cultural district

This bill authorizes New York City's Council on the Arts to officially designate "Little Panama" as a cultural district. It specifically defines the district's boundaries as bounded by President Street to the south, Franklin Avenue to the east, Bergen Street to the north, and Classon Avenue to the west. The designation allows the Council to provide grants, technical assistance, or other support to cultural institutions within this neighborhood. This is a procedural bill creating a new cultural district designation, not altering existing laws or funding mechanisms.