Bill Text: NY S00035 | 2011-2012 | General Assembly | Introduced
Bill Title: Lowers the annual candidate contribution limit from $150,000 to $75,000.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-04 - REFERRED TO ELECTIONS [S00035 Detail]
Download: New_York-2011-S00035-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
35
2011-2012 Regular Sessions
I N S E N A T E
(PREFILED)
January 5, 2011
___________
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 reducing the aggregate
calendar limit on the amount of contributions that can be made by
individuals
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subdivision 8 of section 14-114 of the election law, as
2 amended by chapter 8 of the laws of 1978 and as redesignated by chapter
3 9 of the laws of 1978, is amended to read as follows:
4 8. Except as may otherwise be provided for a candidate and his family,
5 no person may contribute, loan or guarantee in excess of [one hundred
6 fifty] SEVENTY-FIVE thousand dollars within the state in connection with
7 the nomination or election of persons to state and local public offices
8 and party positions within the state of New York in any one calendar
9 year. For the purposes of this subdivision "loan" or "guarantee" shall
10 mean a loan or guarantee which is not repaid or discharged in the calen-
11 dar year in which it is made.
12 S 2. This act shall take effect on the first of January next succeed-
13 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.
LBD00045-01-1
