|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to elections|
|Apr 05, 2011||notice of committee consideration - requested|
|Jan 05, 2011||referred to elections|
senate Bill S89
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S89 - Details
S89 - Sponsor Memo
BILL NUMBER:S89 TITLE OF BILL: An act to amend the election law, in relation to establishing new contribution limits, expanding the types of organizations prohibited from making contributions and aggregating certain contributions PURPOSE: To establish new limits on political contributions and expand upon the types of organizations prohibited from making political contributions under current laws as well as to aggregate certain other types of contributions. SUMMARY OF PROVISIONS: Section 1 of the bill amends section 14-100 of the election law by adding three new subdivisions (12-14) to ensure that various corporate forms-related limited liability companies and related limited liability partnerships, as well as partnerships and limited liability companies (LLCs)-are covered by contribution limits, and defines "single source" to clarify that individuals and the corporate entities they control are considered to be a single entity for the purpose of contributions.
S89 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 89 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sens. SQUADRON, KRUEGER, SERRANO, STAVISKY -- 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 establishing new contribution limits, expanding the types of organizations prohibited from making contributions and aggregating certain contributions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 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, UNLESS THE CONTEXT OTHERWISE REQUIRES, A PARTNERSHIP (I) FORMED BY TWO OR MORE PERSONS PURSUANT TO THE PARTNERSHIP LAW OR WHICH COMPLIES WITH SUBDIVISION (A) OF SECTION 121-1202 OF THE PARTNERSHIP LAW AND (II) HAVING ONE OR MORE GENERAL PARTNERS AND ONE OR MORE LIMITED PARTNERS, WHICH (A) IS NOT A PROFES- SIONAL PARTNERSHIP UNDER THIS SECTION, (B) IS AFFILIATED WITH A PROFES- SIONAL SERVICE LIMITED LIABILITY COMPANY, FOREIGN PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY, PROFESSIONAL SERVICE CORPORATION, FOREIGN PROFESSIONAL SERVICE CORPORATION, REGISTERED LIMITED LIABILITY PARTNER- SHIP THAT IS A PROFESSIONAL PARTNERSHIP UNDER THIS SECTION OR A FOREIGN EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.