Bill Text: NY S05093 | 2015-2016 | General Assembly | Introduced

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

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO ELECTIONS [S05093 Detail]

Download: New_York-2015-S05093-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5093
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    April 30, 2015
                                      ___________
       Introduced  by Sen. SQUADRON -- 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 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 organized or
    7  maintained for political purposes only, shall directly or indirectly pay
    8  or  use  or  offer, consent or agree to pay or use any money or property
    9  for or in aid of any political party, committee or organization, or for,
   10  or in aid of, any corporation, LIMITED LIABILITY COMPANY, joint-stock or
   11  other association organized or maintained  for  political  purposes,  or
   12  for,  or in aid of, any candidate for political office or for nomination
   13  for such office, or for any  political  purpose  whatever,  or  for  the
   14  reimbursement or indemnification of any person for moneys or property so
   15  used.  Any  officer,  director,  stock-holder,  attorney or agent of any
   16  corporation, LIMITED LIABILITY COMPANY or joint-stock association  which
   17  violates  any  of  the  provisions of this section, who participates in,
   18  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,
   25  for political purposes, in an amount not to exceed five thousand dollars
   26  in the aggregate in any calendar year; provided that no  public  utility
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00169-07-5
       S. 5093                             2
    1  shall  use revenues received from the rendition of public service within
    2  the state for contributions for political purposes unless such  cost  is
    3  charged to the shareholders of such a public service corporation.
    4    S 2. This act shall take effect immediately.