Bill Text: NY A03687 | 2017-2018 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Restricts contributions by candidates' political committees to committees of other candidates to $1000.

Spectrum: Slight Partisan Bill (Democrat 7-3)

Status: (Introduced - Dead) 2018-01-10 - print number 3687a [A03687 Detail]

Download: New_York-2017-A03687-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3687
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 30, 2017
                                       ___________
        Introduced  by  M.  of  A. GALEF, ENGLEBRIGHT, PAULIN, THIELE, McDONALD,
          WOERNER, GIGLIO, FITZPATRICK, FRIEND -- Multi-Sponsored by -- M. of A.
          MAGEE, McLAUGHLIN -- read  once  and  referred  to  the  Committee  on
          Election Law
        AN  ACT  to amend the election law, in relation to restricting transfers
          of campaign funds between candidates
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. The election law is amended by adding a new section 14-115
     2  to read as follows:
     3    § 14-115. Transfers of campaign funds restricted.  1.(a) No  political
     4  committee  authorized by a candidate, or any officer, member or agent of
     5  such a committee, may transfer more than five hundred dollars per  annum
     6  from  funds owned or controlled by such committee to any other candidate
     7  or political committee authorized by  another  candidate,  nor  shall  a
     8  candidate or political committee authorized by a candidate, or any offi-
     9  cer,  member  or  agent  of such a candidate or committee, accept such a
    10  transfer.
    11    (b) No political committee authorized by a candidate, or any  officer,
    12  member or agent of such a committee, may transfer more than one thousand
    13  dollars  per  annum  from funds owned or controlled by such committee to
    14  any party committee or constituted committee.
    15    2. Any person who violates this section shall be subject to a fine  of
    16  at least one thousand dollars but not to exceed five thousand dollars.
    17    §  2. This act shall take effect on the first of January next succeed-
    18  ing the date on which it shall have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07699-01-7