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

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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-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        5093--A
                              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  --  committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       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,
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00169-08-5
       S. 5093--A                          2
    1  for  political  purposes, in an amount not to exceed [five] ONE thousand
    2  dollars in the aggregate in any calendar year; provided that  no  public
    3  utility shall use revenues received from the rendition of public service
    4  within  the  state  for contributions for political purposes unless such
    5  cost is charged to the shareholders of  such  a  public  service  corpo-
    6  ration.
    7    S 2. This act shall take effect immediately.