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Assembly Bill A4425

2015-2016 Legislative Session

Restricts transfers by candidates' political committees to committees of other candidates to $500 and to any party committee or constituted committee to $1000

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Archive: Last Bill Status - In Assembly Committee

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2015-A4425 (ACTIVE) - Details

Current Committee:
Assembly Election Law
Law Section:
Election Law
Laws Affected:
Add ยง14-115, El L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5275
2011-2012: A40
2013-2014: A922
2017-2018: A3687
2019-2020: A4995
2021-2022: A6894

2015-A4425 (ACTIVE) - Summary

Restricts transfers of funds by political committees of candidates to committees of other candidates to $500 annually; and to any party committee or constituted committee to $1000 annually; imposes a fine of at least $1000 but not more than $5000 for violations thereof.

2015-A4425 (ACTIVE) - Bill Text download pdf 

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

                                  4425

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2015
                               ___________

Introduced  by  M.  of  A.  GALEF,  ENGLEBRIGHT,  LAVINE, CLARK, GIGLIO,
  THIELE, PAULIN, FITZPATRICK, SCHIMEL, TENNEY -- Multi-Sponsored by  --
  M.  of A. MAGEE, McLAUGHLIN -- read once and referred to the Committee
  on Election Law

AN ACT to amend the election law, in relation to  restricting  transfers
  of campaign funds between candidates

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

  Section 1. The election law is amended by adding a new section  14-115
to read as follows:
  S  14-115. TRANSFERS OF CAMPAIGN FUNDS RESTRICTED.  1.(A) NO POLITICAL
COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFICER, MEMBER OR AGENT  OF
SUCH  A COMMITTEE, MAY TRANSFER MORE THAN FIVE HUNDRED DOLLARS PER ANNUM
FROM FUNDS OWNED OR CONTROLLED BY SUCH COMMITTEE TO ANY OTHER  CANDIDATE
OR  POLITICAL  COMMITTEE  AUTHORIZED  BY  ANOTHER CANDIDATE, NOR SHALL A
CANDIDATE OR POLITICAL COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFI-
CER, MEMBER OR AGENT OF SUCH A CANDIDATE OR  COMMITTEE,  ACCEPT  SUCH  A
TRANSFER.
  (B)  NO POLITICAL COMMITTEE AUTHORIZED BY A CANDIDATE, OR ANY OFFICER,
MEMBER OR AGENT OF SUCH A COMMITTEE, MAY TRANSFER MORE THAN ONE THOUSAND
DOLLARS PER ANNUM FROM FUNDS OWNED OR CONTROLLED BY  SUCH  COMMITTEE  TO
ANY PARTY COMMITTEE OR CONSTITUTED COMMITTEE.
  2.  ANY PERSON WHO VIOLATES THIS SECTION SHALL BE SUBJECT TO A FINE OF
AT LEAST ONE THOUSAND DOLLARS BUT NOT TO EXCEED FIVE THOUSAND DOLLARS.
  S 2. This act shall take effect on the first of January next  succeed-
ing the date on which it shall have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00017-01-5

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