Assembly Actions -
Senate Actions - UPPERCASE
|Mar 17, 2022||
referred to elections
Senate Bill S8588
2021-2022 Legislative Session
Archive: Last Bill Status - In Senate Committee Elections Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S8588 (ACTIVE) - Details
2021-S8588 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8588 SPONSOR: RATH TITLE OF BILL: An act to amend the election law, in relation to reporting requirements for certain contributions made to political action committees PURPOSE OR GENERAL IDEA OF BILL: This bill establishes financial reporting requirements for any entity that donates more than 10,000 dollars to a political action committee (PAC) SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the election law to add a new section 14-107-c. This section provides that any covered entities, as defined in the section, that donates over ten thousand dollars to a political action committee must disclose information such as the primary manager of the entity, a description of the contribution, and the date of the donation, as well as any other requested information to the state board of elections no
2021-S8588 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8588 I N S E N A T E March 17, 2022 ___________ Introduced by Sen. RATH -- 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 reporting requirements for certain contributions made to political action committees 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 14-107-c to read as follows: § 14-107-C. CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES. 1. A COVERED ENTITY THAT MAKES ANY CONTRIBUTION OR CONTRIBUTIONS TO A POLITICAL ACTION COMMITTEE IN AN AGGREGATE AMOUNT OR FAIR MARKET VALUE EXCEEDING TEN THOUSAND DOLLARS IN A CALENDAR YEAR SHALL FILE A FINANCIAL DISCLO- SURE REPORT WITH THE STATE BOARD OF ELECTIONS. SUCH FINANCIAL DISCLOSURE REPORT SHALL INCLUDE: (A) THE NAME AND ADDRESS OF SUCH COVERED ENTITY; (B) IN THE CASE OF A COVERED ENTITY THAT IS NOT A NATURAL PERSON, THE NAME OR NAMES OF ANY INDIVIDUALS WHO EXERT OPERATIONAL OR MANAGERIAL CONTROL OVER SUCH COVERED ENTITY, WHICH SHALL INCLUDE THE NAME OF AT LEAST ONE NATURAL PERSON; (C) A DETAILED DESCRIPTION OF SUCH CONTRIBUTION OR CONTRIBUTIONS; (D) THE DOLLAR AMOUNT PAID FOR EACH SUCH CONTRIBUTION, THE NAME AND ADDRESS OF THE POLITICAL ACTION COMMITTEE RECEIVING SUCH CONTRIBUTION, AND THE DATE EACH SUCH CONTRIBUTION WAS MADE; AND (E) ANY OTHER INFORMATION THE STATE BOARD OF ELECTIONS SHALL REQUIRE. 2. A COVERED ENTITY REQUIRED TO FILE A FINANCIAL DISCLOSURE REPORT UNDER SUBDIVISION ONE OF THIS SECTION SHALL FILE SUCH FINANCIAL DISCLO- SURE REPORT WITH THE STATE BOARD OF ELECTIONS NO LATER THAN THIRTY DAYS FOLLOWING THE END OF THE YEAR COVERED UNDER SUCH FINANCIAL DISCLOSURE REPORT. 3. FOR THE PURPOSES OF THIS SECTION, THE TERM "COVERED ENTITY" SHALL MEAN ANY PERSON, CORPORATION, NONPROFIT CORPORATION, NOT-FOR-PROFIT CORPORATION, ORGANIZATION, GROUP OR OTHER ENTITY. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14655-01-2
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