Bill Text: NY S01559 | 2023-2024 | General Assembly | Introduced
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 1-0)
Status: (Introduced) 2024-01-03 - REFERRED TO ELECTIONS [S01559 Detail]
Download: New_York-2023-S01559-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1559 2023-2024 Regular Sessions IN SENATE January 12, 2023 ___________ Introduced by Sen. ADDABBO -- 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. LBD04122-01-3S. 1559 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.
