S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3279
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 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".
   § 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].
   § 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.
              

                                                            LBD02933-01-7

 A. 3279                             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.
   § 4. This act shall take effect January 15, 2019.