S T A T E   O F   N E W   Y O R K
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                                  6036

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 11, 2015
                               ___________

Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
  tee on Election Law

AN  ACT to amend the election law, in relation to enacting the real time
  transparency act

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "real time transparency act".
  S 2. Subdivision 2 of section 14-108 of the election law,  as  amended
by chapter 109 of the laws of 1997, is amended to read as follows:
  2.  Each  statement  shall  cover  the  period up to and including the
fourth day next preceding the day specified  for  the  filing  thereof[;
provided,  however, that any contribution or loan in excess of one thou-
sand dollars, if received after the close of the period to be covered in
the last statement filed before any primary, general or special election
but before such election, shall be reported, in the same manner as other
contributions, within twenty-four hours after receipt].
  S 3. Section 14-108 of the election law is amended  by  adding  a  new
subdivision 2-a to read as follows:
  2-A. IN ADDITION TO THE STATEMENTS REQUIRED UNDER SUBDIVISIONS ONE AND
TWO  OF THIS SECTION, (A) IF A POLITICAL COMMITTEE RECEIVES AN AGGREGATE
AMOUNT OF CONTRIBUTIONS EQUAL TO OR GREATER THAN  ONE  THOUSAND  DOLLARS
FROM  ANY  CONTRIBUTOR DURING THE PERIOD COVERED BY A STATEMENT REQUIRED
BY THIS ARTICLE, THE COMMITTEE SHALL SUBMIT A NOTIFICATION TO THE  BOARD
OF  ELECTIONS  CONTAINING THE NAME OF THE COMMITTEE (AND, IN THE CASE OF
AN AUTHORIZED COMMITTEE OF A CANDIDATE, THE NAME OF  THE  CANDIDATE  AND
THE OFFICE SOUGHT BY THE CANDIDATE), THE IDENTIFICATION OF THE CONTRIBU-
TOR, AND THE DATE OF RECEIPT AND AMOUNT OF THE CONTRIBUTIONS INVOLVED.
  (B)  IF, AT ANY TIME AFTER A POLITICAL COMMITTEE IS REQUIRED TO SUBMIT
A NOTIFICATION UNDER THIS SUBDIVISION  WITH  RESPECT  TO  A  CONTRIBUTOR
DURING  THE  PERIOD COVERED BY A STATEMENT REQUIRED BY THIS ARTICLE, THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04883-01-5
              

A. 6036                             2

POLITICAL COMMITTEE RECEIVES ADDITIONAL CONTRIBUTIONS FROM THAT CONTRIB-
UTOR DURING THAT  PERIOD,  THE  COMMITTEE  SHALL  SUBMIT  AN  ADDITIONAL
NOTIFICATION  UNDER  PARAGRAPH  (A)  OF THIS SUBDIVISION WITH RESPECT TO
SUCH  CONTRIBUTOR  EACH  TIME  THE  AGGREGATE  AMOUNT  OF THE ADDITIONAL
CONTRIBUTIONS RECEIVED FROM THE CONTRIBUTOR DURING THE PERIOD EQUALS  OR
EXCEEDS  ONE  THOUSAND DOLLARS (EXCLUDING THE AMOUNT OF ANY CONTRIBUTION
FOR WHICH INFORMATION IS REQUIRED TO BE INCLUDED IN A PREVIOUS NOTIFICA-
TION UNDER THIS SUBDIVISION).
  (C) THE POLITICAL COMMITTEE SHALL  SUBMIT  THE  NOTIFICATION  REQUIRED
UNDER THIS SUBDIVISION WITH RESPECT TO A CONTRIBUTOR:
  (I)  IN  THE CASE OF A NOTIFICATION DESCRIBED IN PARAGRAPH (A) OF THIS
SUBDIVISION, NOT LATER THAN FORTY-EIGHT HOURS AFTER THE  DATE  ON  WHICH
THE  AGGREGATE  AMOUNTS  OF  CONTRIBUTIONS RECEIVED FROM THE CONTRIBUTOR
DURING THE PERIOD COVERED BY A STATEMENT REQUIRED BY THIS ARTICLE  FIRST
EQUALS OR EXCEEDS ONE THOUSAND DOLLARS; OR
  (II)  IN THE CASE OF AN ADDITIONAL NOTIFICATION DESCRIBED IN PARAGRAPH
(B) OF THIS SUBDIVISION, NOT LATER THAN FORTY-EIGHT HOURS AFTER THE DATE
ON WHICH  THE  AGGREGATE  AMOUNT  OF  CONTRIBUTIONS  RECEIVED  FROM  THE
CONTRIBUTOR  DURING  THE  PERIOD COVERED BY A STATEMENT REQUIRED BY THIS
ARTICLE FOR WHICH INFORMATION WAS NOT ALREADY INCLUDED IN A NOTIFICATION
UNDER THIS SUBDIVISION FIRST EQUALS OR  EXCEEDS  ONE  THOUSAND  DOLLARS;
PROVIDED,  HOWEVER, THAT ANY CONTRIBUTION OR LOAN IN EXCESS OF ONE THOU-
SAND DOLLARS, IF RECEIVED AFTER THE CLOSE OF THE PERIOD TO BE COVERED IN
THE LAST STATEMENT FILED BEFORE ANY PRIMARY, GENERAL OR SPECIAL ELECTION
BUT BEFORE SUCH ELECTION, SHALL BE REPORTED, IN THE SAME MANNER AS OTHER
CONTRIBUTIONS, WITHIN TWENTY-FOUR HOURS AFTER RECEIPT.
  (D) FOR PURPOSES OF THIS SUBDIVISION,  ANY  AMOUNT  TRANSFERRED  BY  A
JOINT  FUNDRAISING  COMMITTEE  WHICH  IS  ESTABLISHED  BY  AN AUTHORIZED
COMMITTEE OF A CANDIDATE TO  ANY  OTHER  AUTHORIZED  COMMITTEE  OF  THAT
CANDIDATE  SHALL  BE  TREATED AS A CONTRIBUTION BY THE JOINT FUNDRAISING
COMMITTEE TO SUCH AUTHORIZED COMMITTEE.
  S 4. This act shall take effect January 15, 2017.