Senate Bill S5277

2009-2010 Legislative Session

Relates to political contributions made by limited liability companies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Elections Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S5277 (ACTIVE) - Details

See Assembly Version of this Bill:
A7069
Current Committee:
Senate Elections
Law Section:
Election Law
Laws Affected:
Amd ยง14-120, El L
Versions Introduced in Other Legislative Sessions:
2011-2012: S38, A5916
2013-2014: S178, A112
2015-2016: S2052, A2614

2009-S5277 (ACTIVE) - Summary

Relates to political contributions made by limited liability companies.

2009-S5277 (ACTIVE) - Sponsor Memo

2009-S5277 (ACTIVE) - Bill Text download pdf 

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

                                  5277

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 27, 2009
                               ___________

Introduced by Sens. SQUADRON, 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 contributions from
  limited liability companies

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

  Section  1.  Subdivision  2  of section 14-120 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, OR A LIMITED LIABILITY
COMPANY, AS DEFINED IN SECTION ONE HUNDRED TWO OF THE LIMITED  LIABILITY
COMPANY  LAW,  may  be  considered a separate entity for the purposes of
this section, and as such may make contributions in  the  name  of  said
partnership  OR  LIMITED  LIABILITY  COMPANY  without  attributing  such
contributions to the individual members of the  partnership  OR  LIMITED
LIABILITY COMPANY provided that any such contribution made by a partner-
ship  OR  LIMITED  LIABILITY  COMPANY  to  a candidate or to a political
committee, shall not exceed[,] twenty-five hundred dollars. In the event
that such partnership OR LIMITED LIABILITY COMPANY contribution  to  any
such  candidate  or  political  committee  exceeds  twenty-five  hundred
dollars, the aggregate amount of such contribution shall  be  attributed
to  each  partner OR LIMITED LIABILITY COMPANY MEMBER whose share of the
contribution exceeds ninety-nine dollars.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09470-01-9

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