Bill Text: NY A05089 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to political contributions by limited liability companies.

Spectrum: Partisan Bill (Democrat 16-0)

Status: (Introduced - Dead) 2016-01-06 - referred to election law [A05089 Detail]

Download: New_York-2015-A05089-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5089
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 12, 2015
                                      ___________
       Introduced  by  M.  of  A. SIMON, BUCHWALD, COLTON, GOTTFRIED, KAMINSKY,
         MAGNARELLI, MAYER, MOSLEY, SANTABARBARA, SCARBOROUGH, SKOUFIS, STIRPE,
         ROBINSON, ZEBROWSKI -- Multi-Sponsored by -- M. of A. COOK,  GLICK  --
         read once and referred to the Committee on Election Law
       AN ACT to amend the election law, in relation to political contributions
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 14-116 of the election law, subdivision 1 as redes-
    2  ignated by chapter 9 of the laws of 1978 and subdivision 2 as amended by
    3  chapter 260 of the laws of 1981, is amended to read as follows:
    4    S 14-116. Political contributions by certain  organizations.  1.    No
    5  corporation,  LIMITED LIABILITY COMPANY or joint-stock association doing
    6  business in this state, except [a corporation or association] AN  ENTITY
    7  organized  or  maintained for political purposes only, shall directly or
    8  indirectly pay or use or offer, consent or agree to pay or use any money
    9  or property for or in aid of any political party, committee or organiza-
   10  tion, or for, or in aid of, any corporation, LIMITED LIABILITY  COMPANY,
   11  joint-stock  or  other association organized or maintained for political
   12  purposes, or for, or in aid of, any candidate for  political  office  or
   13  for  nomination  for such office, or for any political purpose whatever,
   14  or for the reimbursement or indemnification of any person for moneys  or
   15  property so used. Any officer, director, stock-holder, attorney or agent
   16  of any corporation, LIMITED LIABILITY COMPANY or joint-stock association
   17  which  violates  any of the provisions of this section, who participates
   18  in, aids, abets or advises or consents to any such violations,  and  any
   19  person  who  solicits  or  knowingly  receives  any money or property in
   20  violation of this section, shall be guilty of a misdemeanor.
   21    2. Notwithstanding the provisions of subdivision one of this  section,
   22  any  corporation or an organization financially supported in whole or in
   23  part, by such corporation, AND ANY LIMITED LIABILITY  COMPANY  may  make
   24  expenditures,  including contributions, not otherwise prohibited by law,
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00169-02-5
       A. 5089                             2
    1  for political purposes, in an amount not to exceed five thousand dollars
    2  in the aggregate in any calendar year; provided that no  public  utility
    3  shall  use revenues received from the rendition of public service within
    4  the  state  for contributions for political purposes unless such cost is
    5  charged to the shareholders of such a public service corporation.
    6    S 2. This act shall take effect on the one hundred eightieth day after
    7  it shall have become a law.