Bill Text: NY A05486 | 2019-2020 | General Assembly | Introduced


Bill Title: Provides that contributions received by a candidate shall not be expended for goods or services provided by an entity in which the candidate and/or one or more members of the candidates family collectively hold a thirty-five percent or greater ownership.

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Introduced) 2019-02-12 - referred to election law [A05486 Detail]

Download: New_York-2019-A05486-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
            S. 3697                                                  A. 5486
                               2019-2020 Regular Sessions
                SENATE - ASSEMBLY
                                    February 12, 2019
                                       ___________
        IN  SENATE  --  Introduced by Sens. GOUNARDES, ADDABBO, BRESLIN, COMRIE,
          HOYLMAN, KAMINSKY, KRUEGER, LIU, METZGER, RAMOS,  SERRANO,  THOMAS  --
          read  twice  and  ordered printed, and when printed to be committed to
          the Committee on Elections
        IN ASSEMBLY -- Introduced by M. of A. CARROLL -- read once and  referred
          to the Committee on Election Law
        AN  ACT to amend the election law, in relation to campaign funds for use
          at a business owned by a candidate or the candidate's family
          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 14-133
     2  to read as follows:
     3    § 14-133. Campaign funds for use at a business owned by a candidate or
     4  the candidate's family. 1. Notwithstanding  the  provisions  of  section
     5  14-130  of this article, contributions received by a candidate shall not
     6  be expended for goods or services provided by an  entity  in  which  the
     7  candidate  and/or  one or more members of the candidate's family collec-
     8  tively hold a thirty-five percent or  greater  ownership  or  beneficial
     9  interest or, in the case of a partnership or professional corporation, a
    10  direct or indirect ownership interest in excess of five percent.
    11    2.  For  purposes of this section, the term "candidate's family" shall
    12  mean a person whose relationship to the candidate is within two  degrees
    13  of consanguinity or affinity.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07289-01-9
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