The New York State Senate

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

                                  5488

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2019
                               ___________

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

AN ACT to amend the election law, in relation to political contributions
  by certain organizations

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

  Section  1.  Subdivision  2  of section 14-116 of the election law, as
amended by chapter 4 of the laws of 2019, is amended to read as follows:
  2. A. Notwithstanding [the  provisions  of  subdivision  one  of  this
section,  any  corporation  or  an organization financially supported in
whole or in part, by such corporation, any limited liability company  or
other  corporate  entity may make expenditures, including contributions,
not otherwise prohibited by law, for political purposes,  in  an  amount
not  to  exceed  five  thousand dollars in the aggregate in any calendar
year; provided that no public utility shall use revenues  received  from
the  rendition  of public service within the state for contributions for
political purposes unless such cost is charged to  the  shareholders  of
such  a  public service corporation.]  ANY OTHER PROVISION OF LAW TO THE
CONTRARY, NO CONTRIBUTION, LOAN, LOAN GUARANTEE OR  OTHER  SECURITY  FOR
SUCH  A  LOAN  FROM  ANY CORPORATION, LIMITED LIABILITY COMPANY, LIMITED
LIABILITY PARTNERSHIP OR PARTNERSHIP, OTHER THAN IN THE  REGULAR  COURSE
OF  THE  LENDER'S  BUSINESS, MAY BE ACCEPTED BY A CANDIDATE OR POLITICAL
COMMITTEE, OTHER THAN A CORPORATION, LIMITED LIABILITY COMPANY,  LIMITED
LIABILITY  PARTNERSHIP OR PARTNERSHIP THAT IS A POLITICAL COMMITTEE, FOR
ALL NOMINATIONS TO ANY OFFICE OR ELECTION TO ANY OFFICE.
  B. A LOAN MADE TO A CANDIDATE OR POLITICAL  COMMITTEE,  OTHER  THAN  A
CONSTITUTED  COMMITTEE,  BY  ANY  PERSON,  FIRM  OR ASSOCIATION SHALL BE
REPAID BY THE DATE OF THE PRIMARY, SPECIAL OR GENERAL ELECTION,  AS  THE
CASE  MAY  BE,  OR  SUCH LOAN SHALL BE CONSIDERED A CONTRIBUTION BY SUCH
PERSON, FIRM OR ASSOCIATION INCLUDING ANY PERSON  ENDORSING,  COSIGNING,
GUARANTEEING, COLLATERALIZING OR OTHER PROVIDING SECURITY FOR THE LOAN.
  § 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                      [ ] is old law to be omitted.
                                                           LBD06186-02-9