Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 08, 2014 |
referred to finance |
Oct 21, 2013 |
referred to finance |
Senate Bill S5962
2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
co-Sponsors
(R, C, IP) Senate District
(R, C) 7th Senate District
(R, C, IP) Senate District
(R) Senate District
2013-S5962 (ACTIVE) - Details
2013-S5962 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5962 REVISED 10/23/13 TITLE OF BILL: An act to amend the state finance law, in relation to pay-to-play disclosure reform PURPOSE OR GENERAL IDEA OF BILL: Requires reporting of contributions business entities have made to a candidate committees or election funds of certain public officers prior to contracts for procurement. SUMMARY OF SPECIFIC PROVISIONS: The state finance law is amended by adding new section 139-1 to establish the reporting conditions for contributions by business entities prior to the execution of the procurement contract. The new section provides the definition of "business entity" which means any natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association labor organization, or any other legal commercial -entity organized under the laws of this State or any other state or foreign jurisdiction, including (i) all individuals who own or control more than 10 percent of the profits or assets of a business entity or 10 percent of the stock in the case of a business entity that is a corporation for profit, as appropriate;
2013-S5962 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 5962 A. 8199 2013-2014 Regular Sessions S E N A T E - A S S E M B L Y October 21, 2013 ___________ IN SENATE -- Introduced by Sens. LANZA, VALESKY, MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Finance IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Governmental Operations AN ACT to amend the state finance law, in relation to pay-to-play disclosure reform THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The state finance law is amended by adding a new section 139-l to read as follows: S 139-L. REPORTING OF CONTRIBUTIONS BY BUSINESS ENTITIES. 1. FOR THE PURPOSES OF THIS SECTION, A "BUSINESS ENTITY" SHALL MEAN ANY NATURAL OR LEGAL PERSON, BUSINESS CORPORATION, PROFESSIONAL SERVICES CORPORATION, LIMITED LIABILITY COMPANY, PARTNERSHIP, LIMITED PARTNERSHIP, BUSINESS TRUST, ASSOCIATION, LABOR ORGANIZATION, RELIGIOUS CORPORATION, EDUCATION CORPORATION, OR NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THIS STATE OR ANY OTHER STATE OR FOREIGN JURISDICTION, INCLUDING: A. ALL INDIVIDUALS WHO OWN OR CONTROL MORE THAN TEN PERCENT OF THE PROFITS OR ASSETS OF A BUSINESS ENTITY OR TEN PERCENT OF THE STOCK IN THE CASE OF A BUSINESS ENTITY THAT IS A CORPORATION FOR PROFIT, AS APPROPRIATE; B. KEY EMPLOYEES OF THE BUSINESS ENTITY, WHICH SHALL MEAN OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS AND TRUSTEES, AND THEIR SPOUSES; C. ANY SUBSIDIARIES DIRECTLY OR INDIRECTLY CONTROLLED BY THE BUSINESS ENTITY; D. ANY POLITICAL ORGANIZATION ORGANIZED UNDER SECTION 527 OF THE INTERNAL REVENUE CODE THAT IS DIRECTLY OR INDIRECTLY CONTROLLED BY THE BUSINESS ENTITY, OTHER THAN A CANDIDATE COMMITTEE, ELECTION FUND, OR POLITICAL PARTY COMMITTEE; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11979-01-3
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