S T A T E O F N E W Y O R K
________________________________________________________________________
4682
2017-2018 Regular Sessions
I N A S S E M B L Y
February 3, 2017
___________
Introduced by M. of A. WALTER -- read once and referred to the Committee
on Election Law
AN ACT to amend the election law, in relation to reporting of campaign
receipts and expenditures
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 1 of section 14-102 of the election law, as
amended by chapter 8 and redesignated by chapter 9 of the laws of 1978,
is amended to read as follows:
1. The treasurer of every political committee which, or any officer,
member or agent of any such committee who, in connection with any
election, receives or expends any money or other valuable thing or
incurs any liability to pay money or its equivalent shall file state-
ments sworn, or subscribed and bearing a form notice that false state-
ments made therein are punishable as a class A misdemeanor pursuant to
section 210.45 of the penal law, at the times prescribed by this article
setting forth all the receipts, contributions to and the expenditures by
and liabilities of the committee, and of its officers, members and
agents in its behalf. Such statements shall include the dollar amount of
any receipt, contribution or transfer, or the fair market value of any
receipt, contribution or transfer, which is other than of money, the
name and address of the transferor, contributor or person from whom
received, and if the transferor, contributor or person is a political
committee; the name of and the political unit represented by the commit-
tee, the date of its receipt, the dollar amount of every expenditure,
the name and address of the person to whom it was made or the name of
and the political unit represented by the committee to which it was made
and the date thereof, and shall state clearly the purpose of such
expenditure. Any statement reporting a loan shall have attached to it a
copy of the evidence of indebtedness. Expenditures in sums under fifty
dollars need not be specifically accounted for by separate items in said
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04751-01-7
A. 4682 2
statements, [and receipts and contributions aggregating not more than
ninety-nine dollars, from any one contributor need not be specifically
accounted for by separate items in said statements,] provided however,
that such expenditures[, receipts and contributions] shall be subject to
the other provisions of section 14-118 of this article.
§ 2. Subdivision 2 of section 14-120 of the election law, as added by
chapter 79 of the laws of 1992, is amended 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 sepa-
rate 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].
§ 3. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.