S T A T E O F N E W Y O R K
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11715
I N A S S E M B L Y
September 16, 2026
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Introduced by COMMITTEE ON RULES -- (at request of M. of A. Dinowitz) --
read once and referred to the Committee on Election Law
AN ACT to amend the election law, in relation to limitations on loans to
candidates or political committees
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph 1 of paragraph f of subdivision 1 of section
14-114 of the election law, as amended by chapter 105 of the laws of
2023, is amended to read as follows:
(1) At the beginning of each fourth calendar year, commencing in nine-
teen hundred ninety-five, the state board shall determine the percentage
of the difference between the most recent available monthly consumer
price index for all urban consumers published by the United States
bureau of labor statistics and such consumer price index published for
the same month four years previously. The amount of each contribution
limit fixed in this subdivision AND LOAN LIMIT FIXED IN SUBDIVISION SIX
OF THIS SECTION shall be adjusted by the amount of such percentage
difference to the closest one hundred dollars by the state board which,
not later than the first day of February in each such year, shall issue
a regulation publishing the amount of each such contribution limit AND
LOAN LIMIT. Each contribution limit as so adjusted shall be the contrib-
ution limit, AND EACH LOAN LIMIT AS SO ADJUSTED SHALL BE THE LOAN LIMIT,
in effect for any election held before the next such [adjustment]
ADJUSTMENTS.
§ 2. Paragraph c of subdivision 6 of section 14-114 of the election
law is relettered paragraph h and seven new paragraphs c, d, e, f, g, i
and j are added to read as follows:
C. IN ANY ELECTION FOR A PUBLIC OFFICE TO BE VOTED ON BY THE VOTERS OF
THE ENTIRE STATE, OR FOR NOMINATION TO ANY SUCH OFFICE, NO PERSON, FIRM,
ASSOCIATION OR CORPORATION, OTHER THAN A CONSTITUTED COMMITTEE, MAY MAKE
A LOAN TO ANY CANDIDATE OR POLITICAL COMMITTEE, PARTICIPATING IN THE
STATE'S PUBLIC CAMPAIGN FINANCING SYSTEM PURSUANT TO TITLE TWO OF THIS
ARTICLE AND NO SUCH CANDIDATE OR POLITICAL COMMITTEE MAY ACCEPT ANY LOAN
FROM ANY PERSON, FIRM, ASSOCIATION OR CORPORATION, OTHER THAN A CONSTI-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16199-05-6
A. 11715 2
TUTED COMMITTEE, WHICH IS IN THE AGGREGATE AMOUNT GREATER THAN EIGHTEEN
THOUSAND DOLLARS DIVIDED EQUALLY AMONG THE PRIMARY AND GENERAL ELECTION
IN AN ELECTION CYCLE; PROVIDED HOWEVER, THAT THE MAXIMUM AMOUNT WHICH
MAY BE SO LOANED OR ACCEPTED, IN THE AGGREGATE, FROM ANY CANDIDATE'S
CHILD, PARENT, GRANDPARENT, BROTHER AND SISTER, AND THE SPOUSE OF ANY
SUCH PERSONS, SHALL NOT EXCEED IN THE CASE OF ANY NOMINATION TO PUBLIC
OFFICE AN AMOUNT EQUIVALENT TO THE PRODUCT OF THE NUMBER OF ENROLLED
VOTERS IN THE CANDIDATE'S PARTY IN THE STATE, EXCLUDING VOTERS IN INAC-
TIVE STATUS, MULTIPLIED BY $.025, AND IN THE CASE OF ANY ELECTION FOR A
PUBLIC OFFICE, AN AMOUNT EQUIVALENT TO THE PRODUCT OF THE NUMBER OF
REGISTERED VOTERS IN THE STATE EXCLUDING VOTERS IN INACTIVE STATUS,
MULTIPLIED BY $.025.
D. IN ANY NOMINATION OR ELECTION OF A CANDIDATE PARTICIPATING IN THE
STATE'S PUBLIC CAMPAIGN FINANCING SYSTEM PURSUANT TO TITLE TWO OF THIS
ARTICLE, NO SUCH CANDIDATE OR POLITICAL COMMITTEE MAY ACCEPT ANY LOAN
FROM ANY PERSON, FIRM, ASSOCIATION OR CORPORATION, OTHER THAN A CONSTI-
TUTED COMMITTEE, WHICH IS IN THE AGGREGATE AMOUNT GREATER THAN: (I) IN
THE CASE OF A NOMINATION OR ELECTION FOR STATE SENATOR, TEN THOUSAND
DOLLARS, DIVIDED EQUALLY AMONG THE PRIMARY AND GENERAL ELECTION IN AN
ELECTION CYCLE; AND (II) IN THE CASE OF A NOMINATION OR ELECTION FOR
MEMBER OF THE ASSEMBLY, SIX THOUSAND DOLLARS, DIVIDED EQUALLY AMONG THE
PRIMARY AND GENERAL ELECTION IN AN ELECTION CYCLE; PROVIDED HOWEVER,
THAT THE MAXIMUM AMOUNT WHICH MAY BE SO LOANED OR ACCEPTED, IN THE
AGGREGATE, FROM SUCH CANDIDATE'S CHILD, PARENT, GRANDPARENT, BROTHER AND
SISTER, AND THE SPOUSE OF ANY SUCH PERSONS, SHALL NOT EXCEED IN THE CASE
OF ANY NOMINATION FOR STATE SENATOR OR MEMBER OF THE ASSEMBLY AN AMOUNT
EQUIVALENT TO THE NUMBER OF ENROLLED VOTERS IN THE CANDIDATE'S PARTY IN
THE DISTRICT IN WHICH SUCH PERSON IS A CANDIDATE, EXCLUDING VOTERS IN
INACTIVE STATUS, MULTIPLIED BY $.25 AND IN THE CASE OF ANY ELECTION FOR
STATE SENATOR OR MEMBER OF THE ASSEMBLY, AN AMOUNT EQUIVALENT TO THE
NUMBER OF REGISTERED VOTERS IN THE DISTRICT, EXCLUDING VOTERS IN INAC-
TIVE STATUS, MULTIPLIED BY $.25; PROVIDED, HOWEVER, IN THE CASE OF A
NOMINATION OR ELECTION OF A STATE SENATOR, TWENTY THOUSAND DOLLARS,
WHICHEVER IS GREATER, OR IN THE CASE OF A NOMINATION OR ELECTION OF A
MEMBER OF THE ASSEMBLY TWELVE THOUSAND FIVE HUNDRED DOLLARS, WHICHEVER
IS GREATER, BUT IN NO EVENT SHALL ANY SUCH MAXIMUM EXCEED ONE HUNDRED
THOUSAND DOLLARS.
E. IN ANY ELECTION FOR A PUBLIC OFFICE TO BE VOTED ON BY THE VOTERS OF
THE ENTIRE STATE, OR FOR NOMINATION TO ANY SUCH OFFICE, NO PERSON, FIRM,
ASSOCIATION OR CORPORATION, OTHER THAN A CONSTITUTED COMMITTEE, MAY MAKE
A LOAN TO ANY CANDIDATE OR POLITICAL COMMITTEE IN CONNECTION WITH A
CANDIDATE WHO IS NOT A PARTICIPATING CANDIDATE AS DEFINED IN SUBDIVISION
FOURTEEN OF SECTION 14-200-A OF THIS ARTICLE, AND NO SUCH CANDIDATE OR
POLITICAL COMMITTEE MAY ACCEPT ANY LOAN FROM ANY PERSON, FIRM, ASSOCI-
ATION OR CORPORATION, OTHER THAN A CONSTITUTED COMMITTEE, WHICH IS IN
THE AGGREGATE AMOUNT GREATER THAN EIGHTEEN THOUSAND DOLLARS, DIVIDED
EQUALLY AMONG THE PRIMARY AND GENERAL ELECTION IN AN ELECTION CYCLE;
PROVIDED HOWEVER, THAT THE MAXIMUM AMOUNT WHICH MAY BE SO LOANED OR
ACCEPTED, IN THE AGGREGATE, FROM ANY CANDIDATE'S CHILD, PARENT, GRAND-
PARENT, BROTHER AND SISTER, AND THE SPOUSE OF ANY SUCH PERSONS, SHALL
NOT EXCEED IN THE CASE OF ANY NOMINATION TO PUBLIC OFFICE AN AMOUNT
EQUIVALENT TO THE PRODUCT OF THE NUMBER OF ENROLLED VOTERS IN THE CANDI-
DATE'S PARTY IN THE STATE, EXCLUDING VOTERS IN INACTIVE STATUS, MULTI-
PLIED BY $.025, AND IN THE CASE OF ANY ELECTION FOR A PUBLIC OFFICE, AN
AMOUNT EQUIVALENT TO THE PRODUCT OF THE NUMBER OF REGISTERED VOTERS IN
THE STATE, EXCLUDING VOTERS IN INACTIVE STATUS, MULTIPLIED BY $.025.
A. 11715 3
F. IN ANY NOMINATION OR ELECTION OF A CANDIDATE WHO IS NOT A PARTIC-
IPATING CANDIDATE, NO PERSON, FIRM, ASSOCIATION OR CORPORATION, OTHER
THAN A CONSTITUTED COMMITTEE, MAY MAKE A LOAN TO ANY CANDIDATE OR POLI-
TICAL COMMITTEE, AND NO SUCH CANDIDATE OR POLITICAL COMMITTEE MAY ACCEPT
ANY LOAN FROM ANY PERSON, FIRM, ASSOCIATION OR CORPORATION, OTHER THAN A
CONSTITUTED COMMITTEE, FOR STATE SENATOR GREATER THAN TEN THOUSAND
DOLLARS, DIVIDED EQUALLY AMONG THE PRIMARY AND GENERAL ELECTION IN AN
ELECTION CYCLE; IN THE CASE OF A NOMINATION OR ELECTION FOR MEMBER OF
THE ASSEMBLY, SIX THOUSAND DOLLARS, DIVIDED EQUALLY AMONG THE PRIMARY
AND GENERAL ELECTION IN AN ELECTION CYCLE.
G. IN ANY OTHER ELECTION FOR PARTY POSITION OR FOR ELECTION TO A
PUBLIC OFFICE OR FOR NOMINATION FOR ANY SUCH OFFICE, NO PERSON, FIRM,
ASSOCIATION OR CORPORATION, OTHER THAN A CONSTITUTED COMMITTEE, MAY MAKE
A LOAN TO ANY CANDIDATE OR POLITICAL COMMITTEE AND NO CANDIDATE OR POLI-
TICAL COMMITTEE MAY ACCEPT ANY LOAN FROM ANY PERSON, FIRM, ASSOCIATION
OR CORPORATION, OTHER THAN A CONSTITUTED COMMITTEE, WHICH IS IN THE
AGGREGATE AMOUNT GREATER THAN: (I) IN THE CASE OF ANY ELECTION FOR PARTY
POSITION, OR FOR NOMINATION TO PUBLIC OFFICE, THE PRODUCT OF THE TOTAL
NUMBER OF ENROLLED VOTERS IN THE CANDIDATE'S PARTY IN THE DISTRICT IN
WHICH SUCH PERSON IS A CANDIDATE, EXCLUDING VOTERS IN INACTIVE STATUS,
MULTIPLIED BY $.05; AND (II) IN THE CASE OF ANY ELECTION FOR A PUBLIC
OFFICE, THE PRODUCT OF THE TOTAL NUMBER OF REGISTERED VOTERS IN THE
DISTRICT, EXCLUDING VOTERS IN INACTIVE STATUS, MULTIPLIED BY $.05,
HOWEVER IN THE CASE OF A NOMINATION OR ELECTION WITHIN THE CITY OF NEW
YORK FOR THE OFFICE OF MAYOR, PUBLIC ADVOCATE OR COMPTROLLER, SUCH
AMOUNT SHALL BE EQUAL TO THE CONTRIBUTION AMOUNTS FOR SUCH OFFICES AS
DETERMINED IN PARAGRAPH E OF SUBDIVISION ONE OF THIS SECTION; PROVIDED
HOWEVER, THAT THE MAXIMUM AMOUNT WHICH MAY BE SO LOANED OR ACCEPTED, IN
THE AGGREGATE, FROM ANY CANDIDATE'S CHILD, PARENT, GRANDPARENT, BROTHER
AND SISTER, AND THE SPOUSE OF ANY SUCH PERSONS, SHALL NOT EXCEED IN THE
CASE OF ANY ELECTION FOR PARTY POSITION OR NOMINATION FOR PUBLIC OFFICE
AN AMOUNT EQUIVALENT TO THE NUMBER OF ENROLLED VOTERS IN THE CANDIDATE'S
PARTY IN THE DISTRICT IN WHICH SUCH PERSON IS A CANDIDATE, EXCLUDING
VOTERS IN INACTIVE STATUS, MULTIPLIED BY $.25 AND IN THE CASE OF ANY
ELECTION TO PUBLIC OFFICE, AN AMOUNT EQUIVALENT TO THE NUMBER OF REGIS-
TERED VOTERS IN THE DISTRICT, EXCLUDING VOTERS IN INACTIVE STATUS,
MULTIPLIED BY $.25; OR TWELVE HUNDRED FIFTY DOLLARS, WHICHEVER IS GREAT-
ER, BUT IN NO EVENT SHALL ANY SUCH MAXIMUM EXCEED ONE HUNDRED THOUSAND
DOLLARS.
I. NOTWITHSTANDING ANY OTHER LOAN LIMIT IN THIS SECTION, PARTICIPATING
CANDIDATES AS DEFINED IN SUBDIVISION FOURTEEN OF SECTION 14-200-A OF
THIS ARTICLE MAY LOAN, OUT OF THEIR OWN MONEY, THREE TIMES THE APPLICA-
BLE LOAN LIMIT TO THEIR OWN AUTHORIZED COMMITTEE.
J. IN DETERMINING THE AGGREGATE AMOUNT OF CONTRIBUTIONS LIMITED BY
THIS SECTION, THE AMOUNT OF ANY LOAN FROM A CONTRIBUTOR WHICH IS
CURRENTLY OUTSTANDING SHALL BE INCLUDED IN DETERMINING THE AMOUNT OF THE
AGGREGATE CONTRIBUTION FROM SUCH CONTRIBUTOR UNTIL SUCH LOAN AMOUNT IS
REPAID. IN DETERMINING THE AGGREGATE AMOUNT OF LOANS LIMITED BY THIS
SECTION, THE AMOUNT OF ANY CONTRIBUTION FROM A CONTRIBUTOR SHALL BE
INCLUDED IN DETERMINING THE AMOUNT OF THE AGGREGATE LOAN FROM SUCH
CONTRIBUTOR. UPON REPAYMENT OF ANY LOAN AMOUNTS THE CONTRIBUTOR MAY
DONATE THE FULL AMOUNT PERMITTED UNDER THIS SECTION.
§ 3. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.