S T A T E   O F   N E W   Y O R K
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                                  3054

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 7, 2011
                               ___________

Introduced  by  Sens.  BRESLIN, KRUEGER, MONTGOMERY, OPPENHEIMER -- 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 statements of campaign
  receipts; and to repeal certain provisions of the election law  relat-
  ing thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Subdivision 5 of section 14-102 of  the  election  law  is
REPEALED,  subdivision  1,  as amended by chapter 8 of the laws of 1978,
and as redesignated by chapter 9 of the laws of 1978, is amended to read
as follows:
  1. The treasurer of every political committee which, or  any  officer,
member  or  agent  of  any  such  committee  who, in connection with any
election, receives or expends any money or other [valuable  thing]  ITEM
OF  VALUE  or  incurs any liability to pay money or its equivalent shall
file statements sworn, or subscribed and  bearing  a  form  notice  that
false  statements  made  therein are punishable as a class A misdemeanor
pursuant to section 210.45 of the penal law, at the times prescribed  by
this  article  setting  forth all the receipts, contributions to and the
expenditures by and liabilities of the committee, and of  its  officers,
members  and  agents  in  its  behalf. Such statements shall include the
dollar amount of any receipt, contribution  or  transfer,  or  the  fair
market  value  of  any receipt, contribution or transfer, which is other
than of money, the name and address of the  transferor,  contributor  or
person  from whom received, and if the transferor, contributor or person
is a political committee; the name of and the political unit represented
by the committee, the date of its receipt, the dollar  amount  of  every
expenditure,  the  name and address of the person to whom it was made or
the name of and the political unit represented by the committee to which
it was made and the date thereof, and shall state clearly the purpose of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07654-01-1
              

S. 3054                             2

such expenditure. IF ANY ONE EXPENDITURE  IS  MADE  FOR  MORE  THAN  ONE
PURPOSE,  OR  AS PAYMENT FOR GOODS OR SERVICES SUPPLIED BY MORE THAN ONE
SUPPLIER, SUCH STATEMENT SHALL SET FORTH SEPARATELY EACH SUCH PURPOSE OR
SUPPLIER  AND  THE AMOUNT EXPENDED FOR EACH SUCH PURPOSE OR TO EACH SUCH
SUPPLIER.
  Any statement reporting a loan shall have attached to it a copy of the
evidence of indebtedness. Expenditures in sums under fifty dollars  need
not  be specifically accounted for by separate items in said statements,
and receipts and contributions aggregating  not  more  than  ninety-nine
dollars, from any one contributor need not be specifically accounted for
by  separate  items  in  said  statements,  provided  however, that such
expenditures, receipts and contributions shall be subject to  the  other
provisions of section 14-118 of this article.
  S 2. This act shall take effect immediately.