Bill Text: NY S03055 | 2017-2018 | General Assembly | Introduced

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Bill Title: Relates to the content of statements of campaign receipts, contributions, transfers and expenditures to and by political committees; requires such statements to include the occupation of the contributor, and in certain cases such person's employer and business address.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO ELECTIONS [S03055 Detail]

Download: New_York-2017-S03055-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3055
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 19, 2017
                                       ___________
        Introduced  by Sens. ADDABBO, KRUEGER -- read twice and ordered printed,
          and when printed to be committed to the Committee on Elections
        AN ACT to amend the election law, in relation to the content  of  state-
          ments  of campaign receipts, contributions, transfers and expenditures
          to and by political committees
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.    Subdivisions  1 and 3 of section 14-102 of the election
     2  law, as amended by chapter 8 of the  laws  of  1978,  subdivision  1  as
     3  redesignated  by  chapter  9  of  the  laws of 1978 and subdivision 3 as
     4  renumbered by chapter 70 of the laws of 1983, are  amended  to  read  as
     5  follows:
     6    1.  The  treasurer of every political committee which, or any officer,
     7  member or agent of any  such  committee  who,  in  connection  with  any
     8  election,  receives  or expends any money or other [valuable thing] item
     9  of value or incurs any liability to pay money or  its  equivalent  shall
    10  file  statements  sworn,  or  subscribed  and bearing a form notice that
    11  false statements made therein are punishable as a  class  A  misdemeanor
    12  pursuant  to section 210.45 of the penal law, at the times prescribed by
    13  this article setting forth all the receipts, contributions  to  and  the
    14  expenditures  by  and liabilities of the committee, and of its officers,
    15  members and agents in its behalf.  Such  statements  shall  include  the
    16  dollar  amount  of  any  receipt,  contribution or transfer, or the fair
    17  market value of any receipt, contribution or transfer,  which  is  other
    18  than of money, the name [and], address and occupation of the transferor,
    19  contributor  or  person  from  whom  received, other than in the regular
    20  course of a lender's business, and for a natural person contributing two
    21  hundred dollars or more, the name and address of such person's employer,
    22  and the business address of each political  committee  or  other  entity
    23  making  such contribution, or any loan, guarantee, or other security for
    24  such a loan and if the transferor, contributor or person is a  political
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01913-01-7
        S. 3055                             2
     1  committee; the name of and the political unit represented by the commit-
     2  tee,  the  date  of its receipt, the dollar amount of every expenditure,
     3  the name and address of the person to whom it was made or  the  name  of
     4  and the political unit represented by the committee to which it was made
     5  and  the  date  thereof,  and  shall  state  clearly the purpose of such
     6  expenditure.  If any one expenditure is made for more than one  purpose,
     7  or  as payment for goods or services supplied by more than one supplier,
     8  such statement shall set forth separately each such purpose or  supplier
     9  and  the amount expended for each such purpose or to each such supplier.
    10  Any statement reporting a loan shall have attached to it a copy  of  the
    11  evidence of indebtedness.  Expenditures in sums under fifty dollars need
    12  not  be specifically accounted for by separate items in said statements,
    13  and receipts and contributions aggregating  not  more  than  ninety-nine
    14  dollars, from any one contributor need not be specifically accounted for
    15  by  separate  items  in  said  statements,  provided  however, that such
    16  expenditures, receipts and contributions shall be subject to  the  other
    17  provisions of section 14-118 of this article.
    18    3.  The  state  board  of  elections shall promulgate regulations with
    19  respect to the accounting methods to be applied in complying  with,  and
    20  in  preparing the statements required by, the provisions of this article
    21  and shall provide forms suitable for such statements.  Such  regulations
    22  shall be drawn to assure such compliance and obtain the maximum possible
    23  disclosure.
    24    §  2.  This  act  shall take effect on the sixtieth day after it shall
    25  have  become  a  law;  provided,  however,  that  contributions  legally
    26  received  prior  to  the  effective date of this act may be retained and
    27  expended for lawful purposes and shall  not  provide  the  basis  for  a
    28  violation of article 14 of the election law, as amended by this act; and
    29  provided,  further,  that  the state board of elections shall notify all
    30  candidates and political committees of the applicable provisions of this
    31  act within thirty days after this act shall have become a law.