Bill Text: NY A00922 | 2013-2014 | General Assembly | Introduced

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Bill Title: Restricts transfers of funds by political committees of candidates to committees of other candidates to $500 annually; and to any party committee or constituted committee to $1000 annually; imposes a fine of at least $1000 but not more than $5000 for violations thereof.

Spectrum: Slight Partisan Bill (Democrat 8-4)

Status: (Introduced - Dead) 2014-01-08 - referred to election law [A00922 Detail]

Download: New_York-2013-A00922-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          922
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by M. of A. GALEF, ENGLEBRIGHT, LAVINE, CLARK, GIGLIO, THIELE
         --  Multi-Sponsored  by -- M. of A. MAGEE -- 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    S  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    S 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.
                                                                  LBD04398-01-3