Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to election law |
Jan 07, 2009 |
referred to election law |
Assembly Bill A429
2009-2010 Legislative Session
Sponsored By
KAVANAGH
Archive: Last Bill Status - In Assembly 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
Actions
2009-A429 (ACTIVE) - Details
2009-A429 (ACTIVE) - Sponsor Memo
BILL NUMBER:A429 TITLE OF BILL: An act to amend the election law, in relation to reduc- ing the aggregate calendar limit on the amount of contributions that can be made by individuals PURPOSE: To reduce the limit on aggregate campaign contributions an individual may make during each calendar year from $150,000 to $75,000. SUMMARY OF PROVISIONS: Section 1 of the bill would amend subdivision 8 of section 14-114 of the election law, as amended by chapter 8 of the laws of 1978 and as redesignated by chapter 9 of the laws of 1978, to reduced the reduce the limit on aggregate campaign contributions an individual may make during each calendar year from $150,000 to $75,000. Section 2 of the bill specifies the effective date. JUSTIFICATION: It is widely believed that our campaign finance laws need substantial changes to ensure the integrity of elections in our state. This bill does not address the broad range of issues that might be addressed in a comprehensive reform package. However, by reducing the aggregate amount that each individual may contribute each year, this bill will be a step toward diminishing the danger of corruption posed by wealthy individuals who may donate large sums to multiple candidates with an expectation that specific actions will be taken in exchange for their contributions-as well as the perception that such corruption may
2009-A429 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 429 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. KAVANAGH -- read once and referred to the Commit- tee on Election Law AN ACT to amend the election law, in relation to reducing the aggregate calendar limit on the amount of contributions that can be made by individuals THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 8 of section 14-114 of the election law, as amended by chapter 8 of the laws of 1978 and as redesignated by chapter 9 of the laws of 1978, is amended to read as follows: 8. Except as may otherwise be provided for a candidate and his family, no person may contribute, loan or guarantee in excess of [one hundred fifty] SEVENTY-FIVE thousand dollars within the state in connection with the nomination or election of persons to state and local public offices and party positions within the state of New York in any one calendar year. For the purposes of this subdivision "loan" or "guarantee" shall mean a loan or guarantee which is not repaid or discharged in the calen- dar year in which it is made. S 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01034-01-9
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