S. 6023 2
that fact alone, be deemed to be a political committee as herein
defined.
S 2. Section 14-100 of the election law is amended by adding three new
subdivisions 12, 13 and 14 to read as follows:
12. "RELATED LIMITED LIABILITY COMPANY" MEANS A LIMITED LIABILITY
COMPANY THAT IS AN AFFILIATE OF A CORPORATION WITHIN THE MEANING OF
PARAGRAPH (A) OF SECTION NINE HUNDRED TWELVE OF THE BUSINESS CORPORATION
LAW. AS USED IN THIS ARTICLE, CORPORATION MEANS BOTH A FOR-PROFIT CORPO-
RATION WITHIN THE MEANING OF SUBPARAGRAPH FOUR OF PARAGRAPH (A) OF
SECTION ONE HUNDRED TWO OF THE BUSINESS CORPORATION LAW AS WELL AS A
NONPROFIT CORPORATION WITHIN THE MEANING OF SUBPARAGRAPH FIVE OF PARA-
GRAPH (A) OF SECTION ONE HUNDRED TWO OF THE NOT-FOR-PROFIT CORPORATION
LAW.
13. (1) "RELATED LIMITED LIABILITY PARTNERSHIP," CONSISTENT WITH
SECTION TEN OF THE PARTNERSHIP LAW, MEANS A PARTNERSHIP WITHOUT LIMITED
PARTNERS OPERATING UNDER AN AGREEMENT GOVERNED BY THE LAWS OF THIS
STATE, WHICH (A) IS NOT A PROFESSIONAL PARTNERSHIP UNDER THIS SECTION,
(B) IS AFFILIATED WITH A PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY,
FOREIGN PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, PROFESSIONAL
SERVICE CORPORATION, FOREIGN PROFESSIONAL SERVICE CORPORATION, REGIS-
TERED LIMITED LIABILITY PARTNERSHIP THAT IS A PROFESSIONAL PARTNERSHIP
UNDER THIS SECTION OR A FOREIGN LIMITED LIABILITY PARTNERSHIP UNDER
CLAUSE (I) OR (II) OF THE EIGHTH UNDESIGNATED PARAGRAPH OF SECTION TWO
OF THE PARTNERSHIP LAW, AND (C) RENDERS SERVICES RELATED OR COMPLEMENTA-
RY TO THE PROFESSIONAL SERVICES RENDERED BY, OR PROVIDES SERVICES OR
FACILITIES TO, SUCH PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY,
FOREIGN PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, PROFESSIONAL
SERVICE CORPORATION, FOREIGN PROFESSIONAL SERVICE CORPORATION, REGIS-
TERED LIMITED LIABILITY PARTNERSHIP OR FOREIGN LIMITED LIABILITY PART-
NERSHIP.
(2) FOR PURPOSES OF THIS SUBDIVISION, SUCH A PARTNERSHIP IS AFFILIATED
WITH A PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, FOREIGN PROFES-
SIONAL SERVICE LIMITED LIABILITY COMPANY, PROFESSIONAL SERVICE CORPO-
RATION, FOREIGN PROFESSIONAL SERVICE CORPORATION, REGISTERED LIMITED
LIABILITY PARTNERSHIP OR FOREIGN LIMITED LIABILITY PARTNERSHIP IF (A) AT
LEAST A MAJORITY OF PARTNERS IN ONE PARTNERSHIP ARE PARTNERS IN THE
OTHER PARTNERSHIP, (B) AT LEAST A MAJORITY OF THE PARTNERS IN EACH PART-
NERSHIP ALSO ARE PARTNERS, HOLD INTERESTS OR ARE MEMBERS IN A LIMITED
LIABILITY COMPANY OR OTHER BUSINESS ENTITY, AND EACH PARTNERSHIP RENDERS
SERVICES PURSUANT TO AN AGREEMENT WITH SUCH LIMITED LIABILITY COMPANY OR
OTHER BUSINESS ENTITY, OR (C) THE PARTNERSHIPS OR THE PARTNERSHIP AND
SUCH PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, SUCH FOREIGN
PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, SUCH PROFESSIONAL
SERVICE CORPORATION, OR SUCH FOREIGN PROFESSIONAL SERVICE CORPORATION
ARE AFFILIATES WITHIN THE MEANING OF PARAGRAPH (A) OF SECTION NINE
HUNDRED TWELVE OF THE BUSINESS CORPORATION LAW.
14. "SINGLE SOURCE" MEANS ANY PERSON, PERSONS IN COMBINATION, OR ENTI-
TY WHO OR WHICH ESTABLISHES, MAINTAINS, OR CONTROLS ANOTHER ENTITY AND
EVERY ENTITY SO ESTABLISHED, MAINTAINED, OR CONTROLLED, INCLUDING EVERY
POLITICAL COMMITTEE ESTABLISHED, MAINTAINED, OR CONTROLLED BY THE SAME
PERSON, PERSONS IN COMBINATION, OR ENTITY. IF A CANDIDATE ACCEPTS MORE
THAN ONE CONTRIBUTION FROM A SINGLE SOURCE, THE CONTRIBUTIONS SHALL BE
TOTALED TO DETERMINE THE PARTICIPANT'S OR CANDIDATE'S COMPLIANCE WITH
THE APPLICABLE CONTRIBUTION LIMIT. A GENERAL PARTNER OR GENERAL MANAGER
AND EACH PARTNERSHIP AND LIMITED LIABILITY COMPANY IT CONTROLS SHALL BE
PRESUMED, IN THE ABSENCE OF EVIDENCE DEMONSTRATING THE CONTRARY, TO BE A
S. 6023 3
SINGLE SOURCE FOR THE PURPOSE OF COMPLIANCE WITH THE APPLICABLE CONTRIB-
UTION LIMIT.
S 3. The election law is amended by adding a new section 14-105 to
read as follows:
S 14-105. CONTRIBUTION DELIVERY ACTIVITIES BY AN INTERMEDIARY. 1. FOR
PURPOSES OF THIS SECTION "INTERMEDIARY" MEANS AN INDIVIDUAL, CORPO-
RATION, PARTNERSHIP, POLITICAL COMMITTEE, EMPLOYEE ORGANIZATION OR OTHER
ENTITY WHICH:
(A) OTHER THAN IN THE REGULAR COURSE OF BUSINESS AS A POSTAL, DELIVERY
OR MESSENGER SERVICE, DELIVERS ANY CONTRIBUTION FROM ANOTHER PERSON OR
ENTITY TO A CANDIDATE OR AUTHORIZED COMMITTEE; OR
(B) SOLICITS CONTRIBUTIONS TO A CANDIDATE OR OTHER AUTHORIZED COMMIT-
TEE WHERE SUCH SOLICITATION IS KNOWN TO SUCH CANDIDATE OR HIS OR HER
AUTHORIZED COMMITTEE. FOR PURPOSES OF THIS PARAGRAPH, ONLY PERSONS
CLEARLY IDENTIFIED AS THE SOLICITOR OF A CONTRIBUTION TO THE CANDIDATE
OR HIS OR HER AUTHORIZED COMMITTEE SHALL BE PRESUMED TO BE KNOWN TO SUCH
CANDIDATE OR HIS OR HER AUTHORIZED COMMITTEE. "INTERMEDIARY" SHALL NOT
INCLUDE SPOUSES, DOMESTIC PARTNERS, PARENTS, CHILDREN OR SIBLINGS OF THE
PERSON MAKING SUCH CONTRIBUTION, OR ANY PAID OR VOLUNTEER FULL-TIME
CAMPAIGN WORKERS OR COMMERCIAL FUNDRAISING FIRMS RETAINED BY THE CANDI-
DATE AND THE AGENTS THEREOF.
2. WHEN CONTRIBUTIONS TOTALING ONE THOUSAND DOLLARS OR MORE ARE DELIV-
ERED BY THE INTERMEDIARY TO THE RECIPIENT CANDIDATE, AUTHORIZED CANDI-
DATE COMMITTEE OR PARTY COMMITTEE, THE INTERMEDIARY SHALL INDICATE IN
WRITING TO THE RECIPIENT CANDIDATE, AUTHORIZED CANDIDATE COMMITTEE OR
PARTY COMMITTEE THE FOLLOWING INFORMATION:
(A) THE NAME, MAILING ADDRESS AND OCCUPATION OF EACH CONTRIBUTOR WHO
MAKES A CONTRIBUTION OVER NINETY-NINE DOLLARS, AND THE AMOUNT OF EACH
CONTRIBUTION, AND FOR EACH CONTRIBUTION OF TWO HUNDRED DOLLARS OR MORE,
THE NAME AND ADDRESS OF SUCH CONTRIBUTOR'S EMPLOYER;
(B) THE TOTAL AGGREGATE AMOUNT OF CONTRIBUTIONS OF NINETY-NINE DOLLARS
OR LESS; AND
(C) THE DATE THE CONTRIBUTIONS WERE RECEIVED BY THE INTERMEDIARY AND
THE DATE THE CONTRIBUTIONS WERE DELIVERED TO THE RECIPIENT CANDIDATE,
AUTHORIZED CANDIDATE COMMITTEE OR PARTY COMMITTEE.
3. THE RECIPIENT CANDIDATE, AUTHORIZED CANDIDATE COMMITTEE OR PARTY
COMMITTEE SHALL REPORT TO THE STATE BOARD OF ELECTIONS THE INTERMEDIARY
WHO DELIVERS CONTRIBUTIONS TOTALING ONE THOUSAND DOLLARS OR MORE ON THE
STATEMENTS REQUIRED BY THIS ARTICLE.
4. THE STATE BOARD OF ELECTIONS SHALL PROVIDE A SECTION FOR INTERME-
DIARY REPORTING AS REQUIRED BY THIS SECTION, WHICH SHALL INCLUDE:
(A) THE NAME, MAILING ADDRESS, OCCUPATION AND EMPLOYER OF THE INTERME-
DIARY; AND
(B) THE TOTAL AMOUNT OF CONTRIBUTIONS DELIVERED BY THE INTERMEDIARY TO
THE CANDIDATE, THE CANDIDATE'S AUTHORIZED COMMITTEE OR A PARTY COMMIT-
TEE.
S 4. Subdivision 1 of section 14-114 of the election law, as amended
by chapter 79 of the laws of 1992, paragraphs a and b as amended by
chapter 659 of the laws of 1994, is amended to read as follows:
1. The following limitations apply to all contributions to candidates
for election to any public office or for nomination for any such office,
or for election to any party positions, and to all contributions to
political committees working directly or indirectly with any candidate
to aid or participate in such candidate's nomination or election, other
than any contributions to any party committee or constituted committee:
S. 6023 4
a. In any election for a public office to be voted on by the voters of
the entire state, or for nomination to any such office, no contributor
may make a contribution to any candidate or political committee, and no
candidate or political committee may accept any contribution from any
contributor, which is in the aggregate amount greater than: (i) in the
case of any nomination to public office, the product of the total number
of enrolled voters in the candidate's party in the state, excluding
voters in inactive status, multiplied by $.005, but such amount shall be
not less than four thousand dollars nor more than twelve thousand ONE
HUNDRED dollars as increased or decreased by the cost of living adjust-
ment described in paragraph c of this subdivision, and (ii) in the case
of any election to a public office, twenty-five thousand THREE HUNDRED
dollars as increased or decreased by the cost of living adjustment
described in paragraph c of this subdivision[; provided however, that
the maximum amount which may be so contributed or accepted, in the
aggregate, from any candidate's child, parent, grandparent, brother and
sister, and the spouse of any such persons, shall not exceed in the case
of any nomination to public office an amount equivalent to the product
of the number of enrolled voters in the candidate's party in the state,
excluding voters in inactive status, multiplied by $.025, and in the
case of any election for a public office, an amount equivalent to the
product of the number of registered voters in the state excluding voters
in inactive status, multiplied by $.025].
b. In any other election for party position or for election to a
public office or for nomination for any such office, no contributor may
make a contribution to any candidate or political committee and no
candidate or political committee may accept any contribution from any
contributor, which is in the aggregate amount greater than: (i) in the
case of any election for party position, or for nomination to public
office, the product of the total number of enrolled voters in the candi-
date's party in the district in which he is a candidate, excluding
voters in inactive status, multiplied by $.05, and (ii) in the case of
any election for a public office, the product of the total number of
registered voters in the district, excluding voters in inactive status,
multiplied by $.05[,]; BUT IN NO EVENT SHALL ANY SUCH MAXIMUM EXCEED TEN
THOUSAND DOLLARS OR BE LESS THAN ONE THOUSAND DOLLARS; however in the
case of a nomination OR ELECTION within the city of New York for the
office of mayor, public advocate [or], comptroller, BOROUGH PRESIDENT OR
MEMBER OF THE CITY COUNCIL, such amount shall be [not less than four
thousand dollars nor more than twelve thousand dollars as increased or
decreased by the cost of living adjustment described in paragraph c of
this subdivision; in the case of an election within the city of New York
for the office of mayor, public advocate or comptroller, twenty-five
thousand dollars as increased or decreased by the cost of living adjust-
ment described in paragraph c of this subdivision] EQUAL TO THE CONTRIB-
UTION LIMITS SET FORTH IN PARAGRAPH (F) OF SUBDIVISION ONE OF SECTION
3-703 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK; PROVIDED
HOWEVER in the case of a nomination for state senator, four thousand
dollars as increased or decreased by the cost of living adjustment
described in paragraph c of this subdivision; in the case of an election
for state senator, six thousand two hundred fifty dollars as increased
or decreased by the cost of living adjustment described in paragraph c
of this subdivision; in the case of [an election or] A nomination OR
ELECTION for a member of the assembly, [twenty-five hundred] TWO THOU-
SAND THREE HUNDRED dollars as increased or decreased by the cost of
living adjustment described in paragraph c of this subdivision[; but in
S. 6023 5
no event shall any such maximum exceed fifty thousand dollars or be less
than one thousand dollars; provided however, that the maximum amount
which may be so contributed or accepted, in the aggregate, from any
candidate's child, parent, grandparent, brother and sister, and the
spouse of any such persons, shall not exceed in the case of any election
for party position or nomination for public office an amount equivalent
to the number of enrolled voters in the candidate's party in the
district in which he is a candidate, excluding voters in inactive
status, multiplied by $.25 and in the case of any election to public
office, an amount equivalent to the number of registered voters in the
district, excluding voters in inactive status, multiplied by $.25; or
twelve hundred fifty dollars, whichever is greater, or in the case of a
nomination or election of a state senator, twenty thousand dollars,
whichever is greater, or in the case of a nomination or election of a
member of the assembly twelve thousand five hundred dollars, whichever
is greater, but in no event shall any such maximum exceed one hundred
thousand dollars].
c. At the beginning of each fourth calendar year, commencing in [nine-
teen hundred ninety-five] TWO THOUSAND THIRTEEN, the state board shall
determine the percentage of the difference between the [most recent
available monthly] consumer price index for all urban consumers
published by the United States bureau of labor statistics and such
consumer price index published for the same month four years previously.
The amount of each contribution limit fixed in this subdivision shall be
adjusted by the amount of such percentage difference to the closest one
hundred dollars by the state board which, not later than the first day
of February in each such year, shall issue a regulation publishing the
amount of each such contribution limit. Each contribution limit as so
adjusted shall be the contribution limit in effect for any election held
before the next such adjustment.
S 5. Subdivisions 1 and 2 of section 14-116 of the election law,
subdivision 1 as redesignated by chapter 9 of the laws of 1978 and
subdivision 2 as amended by chapter 260 of the laws of 1981, are amended
and a new subdivision 3 is added to read as follows:
1. No corporation [or], joint-stock association, LIMITED LIABILITY
COMPANY, PROFESSIONAL LIMITED LIABILITY COMPANY, PARTNERSHIP OR LIMITED
LIABILITY PARTNERSHIP doing business in this state, except [a corpo-
ration or association] AN ENTITY organized or maintained for political
purposes only, shall directly or indirectly pay or use or offer, consent
or agree to pay or use any money or property for or in aid of any poli-
tical party, committee or organization, or for, or in aid of, any
[corporation, joint-stock or other association] ENTITY organized or
maintained for political purposes, or for, or in aid of, any candidate
for political office or for nomination for such office, or for any poli-
tical purpose whatever, or for the reimbursement or indemnification of
any person for moneys or property so used. Any officer, director, stock-
holder, MEMBER, PARTNER, attorney or agent of any corporation [or],
joint-stock association, LIMITED LIABILITY COMPANY, PROFESSIONAL LIMITED
LIABILITY COMPANY, PARTNERSHIP OR LIMITED LIABILITY PARTNERSHIP which
violates any of the provisions of this section, who participates in,
aids, abets or advises or consents to any such violations, and any
person who solicits or knowingly receives any money or property in
violation of this section, shall be guilty of a misdemeanor.
2. Notwithstanding the provisions of subdivision one of this section,
any corporation or an organization financially supported in whole or in
part, by such corporation, OR ANY LIMITED LIABILITY COMPANY, PROFES-
S. 6023 6
SIONAL LIMITED LIABILITY COMPANY, PARTNERSHIP OR LIMITED LIABILITY PART-
NERSHIP may make expenditures, including contributions, not otherwise
prohibited by law, for political purposes, in an amount not to exceed
five thousand dollars in the aggregate in any calendar year; provided
that no public utility shall use revenues received from the rendition of
public service within the state for contributions for political purposes
unless such cost is charged to the shareholders of such a public service
corporation.
3. FOR THE PURPOSES OF SUBDIVISION TWO OF THIS SECTION, ALL OF THE
COMPONENT MEMBERS OF A CONTROLLED GROUP OF CORPORATIONS WITHIN THE MEAN-
ING OF SECTION ONE THOUSAND FIVE HUNDRED SIXTY-THREE OF THE INTERNAL
REVENUE CODE OF THE UNITED STATES SHALL BE DEEMED TO BE ONE CORPORATION,
AND PROVIDED FURTHER, CONTRIBUTIONS GIVEN BY A SUBSIDIARY OF A CORPO-
RATION THAT IS WHOLLY OR IN PART CONTROLLED BY THE CORPORATION, A
RELATED LIMITED LIABILITY PARTNERSHIP THAT IS WHOLLY OR IN PART
CONTROLLED BY THE CORPORATION, OR A RELATED LIMITED LIABILITY COMPANY
THAT IS WHOLLY OR IN PART CONTROLLED BY THE CORPORATION, ARE DEEMED TO
BE A CONTRIBUTION BY THE CORPORATION. ALL SINGLE SOURCES OF CONTRIB-
UTIONS, INCLUDING FROM AFFILIATED CORPORATE ENTITIES, WITHIN THE MEANING
OF PARAGRAPH (A) OF SECTION NINE HUNDRED TWELVE OF THE BUSINESS CORPO-
RATION LAW, TOGETHER MAY MAKE CONTRIBUTIONS, NOT OTHERWISE PROHIBITED BY
LAW, FOR POLITICAL PURPOSES, IN AN AMOUNT NOT TO EXCEED FIVE THOUSAND
DOLLARS IN THE AGGREGATE IN ANY CALENDAR YEAR.
S 6. Subdivision 1 of section 14-118 of the election law, as amended
by chapter 70 of the laws of 1983, is amended to read as follows:
1. Every political committee shall have a treasurer and a depository,
and shall cause the treasurer to keep detailed, bound accounts of all
receipts, transfers, loans, liabilities, contributions and expenditures,
made by the committee or any of its officers, members or agents acting
under its authority or in its behalf. All such accounts shall be
retained by a treasurer for a period of five years from the date of the
filing of the final statement with respect to the election, primary
election or convention to which they pertain. No officer, member or
agent of any political committee shall receive any receipt, transfer or
contribution, or make any expenditure or incur any liability until the
committee shall have chosen a treasurer and depository and filed their
names in accordance with this subdivision. There shall be filed in the
office in which the committee is required to file its statements under
section 14-110 of this article, within five days after the choice of a
treasurer and depository, a statement giving the name and address of the
treasurer chosen, the name and address of any person authorized to sign
checks by such treasurer, the name and address of the depository chosen
and the candidate or candidates or ballot proposal or proposals the
success or defeat of which the committee is to aid or take part;
provided, however, that such statement shall not be required of a
constituted committee [and provided further that a political committee
which makes no expenditures, to aid or take part in the election or
defeat of a candidate, other than in the form of contributions, shall
not be required to list the candidates being supported or opposed by
such committee]. SUCH A STATEMENT FROM ANY COMMITTEE OTHER THAN A PARTY
OR AUTHORIZED COMMITTEE ALSO SHALL CLEARLY IDENTIFY THE ECONOMIC OR
OTHER SPECIAL INTEREST, IF IDENTIFIABLE, OF A MAJORITY OF ITS CONTRIBU-
TORS, AND IF A MAJORITY OF ITS CONTRIBUTORS SHARE A COMMON EMPLOYER,
SHALL IDENTIFY SUCH EMPLOYER. IF THE ECONOMIC OR OTHER SPECIAL INTEREST
OR COMMON EMPLOYER ARE NOT IDENTIFIABLE, SUCH STATEMENT OF A MULTI-CAN-
DIDATE COMMITTEE SHALL CLEARLY IDENTIFY THE ECONOMIC OR OTHER SPECIAL
S. 6023 7
INTEREST, IF IDENTIFIABLE, OF A MAJORITY OF ITS ORGANIZERS, AND IF A
MAJORITY OF ITS ORGANIZERS SHARE A COMMON EMPLOYER, SHALL IDENTIFY SUCH
EMPLOYER, AND IF ORGANIZED, CONTROLLED OR MAINTAINED BY AN INDIVIDUAL,
SHALL IDENTIFY SUCH INDIVIDUAL. Such statement shall be signed by the
treasurer and all other persons authorized to sign checks. Any change in
the information required in any statement shall be reported, in an
amended statement filed in the same manner and in the same office as an
original statement filed under this section, within two days after it
occurs. Only a banking organization authorized to do business in this
state may be designated a depository hereunder.
S 7. Subdivision 2 of section 14-120 of the election law, as added by
chapter 79 of the laws of 1992, is amended and a new subdivision 3 is
added to read as follows:
2. Notwithstanding subdivision one of this section, a partnership, as
defined in section ten of the partnership law, [may be considered a
separate entity for the purposes of this section, and as such] may make
contributions in the name of said partnership without attributing such
contributions to the individual members of the partnership provided that
any such contribution made by a partnership to a candidate or to a poli-
tical committee, shall not exceed[, twenty-five hundred dollars. In the
event that such partnership contribution to any such candidate or poli-
tical committee exceeds twenty-five hundred dollars, the aggregate
amount of such contribution shall be attributed to each partner whose
share of the contribution exceeds ninety-nine dollars] FIVE THOUSAND
DOLLARS. ANY PARTNERSHIP THAT IS RELATED TO A CORPORATION WILL HAVE ITS
CONTRIBUTIONS AGGREGATED WITH THAT RELATED CORPORATION FOR THE PURPOSES
OF CALCULATING THE CONTRIBUTIONS GIVEN. INDIVIDUALS MAY NOT ESTABLISH A
PARTNERSHIP, AS DEFINED IN SECTION TEN OF THE PARTNERSHIP LAW, FOR THE
SOLE PURPOSE OF EVADING THE CONTRIBUTION LIMITS THAT WOULD OTHERWISE
APPLY TO SUCH INDIVIDUAL.
3. NOTWITHSTANDING SUBDIVISION ONE OF THIS SECTION, EVERY CONTRIBUTION
MADE BY A LIMITED LIABILITY COMPANY IS CONSIDERED TO BE A CONTRIBUTION
BY THE LIMITED LIABILITY COMPANY AS A WHOLE. INDIVIDUALS MAY NOT ESTAB-
LISH A LIMITED LIABILITY COMPANY FOR THE SOLE PURPOSE OF EVADING THE
CONTRIBUTION LIMITS THAT WOULD OTHERWISE APPLY TO SUCH INDIVIDUAL.
S 8. Severability clause. If any clause, sentence, paragraph, subdivi-
sion, section or part of this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment shall not affect,
impair or invalidate the remainder thereof, but shall be confined in its
operation to the clause, sentence, paragraph, subdivision, section or
part thereof directly involved in the controversy in which such judgment
shall have been rendered. It is hereby declared to be the intent of the
legislature that this act would have been enacted even if such invalid
provisions had not been included herein.
S 9. This act shall take effect on the sixtieth day after it shall
have become a law; provided, however, that all amendments to article 14
of the election law made by this act, which establish new contribution
limits, shall take effect January 1, 2010; provided, further, that
contributions legally received prior to the effective date of this act
may be retained and expended for lawful purposes and shall not provide
the basis for a violation of article 14 of the election law, as amended
by this act; and provided, further, that the state board of elections
shall notify all candidates and political committees of the applicable
provisions of this act within thirty days after this act shall have
become a law.