|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Apr 24, 2017||recommit, enacting clause stricken|
|Feb 06, 2017||referred to elections|
senate Bill S4233
Archive: Last Bill Status - Stricken
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4233 (ACTIVE) - Details
S4233 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4233 TITLE OF BILL : An act to amend the election law, in relation to disposition of campaign funds PURPOSE : This bill amends Article 14 of the Election Law to require that campaign funds are disposed of in a timely and appropriate manner after a candidate leaves office. SUMMARY OF PROVISIONS : The Election Law is as added by section 2 of part c of chapter 286 of the laws of 2016 is amended. Subdivision one requires an authorized candidate committee to dispose of all funds and close within four years after the end of a candidate's term office or date of the election in which the candidate was last filed, whichever is later. Subdivision two requires a candidate or political committee, including a committee formed to promote or defeat the passage of a ballot amendment to dispose of funds by: (1) returning funds pro rata to contributors; (2) donating the funds to a 501(c) (3) -designated organization; (3) donating the funds to the state university; (4)
S4233 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4233 2017-2018 Regular Sessions I N S E N A T E February 6, 2017 ___________ Introduced by Sens. KRUEGER, SERRANO -- 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 disposition of campaign funds 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 14-134 to read as follows: § 14-134. DISPOSITION OF CAMPAIGN FUNDS. 1. A CANDIDATE MAKING THEIR OWN DISCLOSURES WITHOUT AN AUTHORIZED POLITICAL COMMITTEE OR THE TREAS- URER OF A CANDIDATE'S AUTHORIZED POLITICAL COMMITTEE SHALL DISPOSE OF ALL FUNDS AND TERMINATE THEIR FILING OBLIGATION WITH THE APPLICABLE BOARD OF ELECTIONS WITHIN FOUR YEARS AFTER THE LATER OF (A) THE END OF THE CANDIDATE'S MOST RECENT TERM OF OFFICE, (B) THE DATE OF THE ELECTION IN WHICH THE CANDIDATE LAST APPEARED ON THE BALLOT, OR (C) THE DATE OF THE ELECTION IN WHICH THE CANDIDATE LAST FILED TO SEEK POLITICAL OFFICE. 2. ANY SUCH CANDIDATE OR SUCH CANDIDATE'S AUTHORIZED POLITICAL COMMIT- TEE REQUIRED TO DISPOSE OF FUNDS PURSUANT TO THIS SECTION SHALL, AT THE OPTION OF THE CANDIDATE OR THE TREASURER OF SUCH COMMITTEE, DISPOSE OF SUCH FUNDS BY ANY OF THE FOLLOWING MEANS, OR ANY COMBINATION THEREOF: (A) RETURNING, PRO RATA, TO EACH CONTRIBUTOR THE FUNDS THAT HAVE NOT BEEN SPENT OR OBLIGATED; (B) DONATING THE FUNDS TO A CHARITABLE ORGANIZATION OR ORGANIZATIONS THAT MEET THE QUALIFICATIONS OF SECTION 501(C)(3) OF THE INTERNAL REVEN- UE CODE; (C) DONATING THE FUNDS TO THE STATE UNIVERSITY OF NEW YORK OR THE CITY UNIVERSITY OF NEW YORK; (D) DONATING THE FUNDS TO THE STATE'S GENERAL FUND; (E) CONTRIBUTING THE FUNDS TO A CANDIDATE, PARTY, CONSTITUTED OR POLI- TICAL COMMITTEE IN ACCORDANCE WITH THE LIMITS SET FORTH IN SECTION 14-114 OF THIS ARTICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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