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Assembly Bill A5837

2015-2016 Legislative Session

Lowers the annual candidate contribution limit from $150,000 to $75,000

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Archive: Last Bill Status - Stricken

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2015-A5837 (ACTIVE) - Details

See Senate Version of this Bill:
S2051
Law Section:
Election Law
Laws Affected:
Amd ยง14-114, El L
Versions Introduced in Other Legislative Sessions:
2009-2010: A429, S4545
2011-2012: A5881, S35
2013-2014: A2019, S170

2015-A5837 (ACTIVE) - Summary

Lowers the annual candidate contribution limit from $150,000 to $75,000.

2015-A5837 (ACTIVE) - Bill Text download pdf 

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

                                  5837

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 5, 2015
                               ___________

Introduced by M. of A. KAVANAGH -- Multi-Sponsored by -- M. of A. THIELE
  -- read once and referred to the Committee 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.
                                                           LBD00969-01-5

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