S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8581
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               July 10, 2017
                                ___________
 
 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 the content of state-
   ments of campaign receipts, contributions, transfers and  expenditures
   to and by political committees

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Subdivisions 1 and 3 of section  14-102  of  the  election
 law,  as  amended  by  chapter  8  of the laws of 1978, subdivision 1 as
 redesignated by chapter 9 of the laws  of  1978  and  subdivision  3  as
 renumbered  by  chapter  70  of the laws of 1983, are amended to read as
 follows:
   1. The treasurer of every political committee which, or  any  officer,
 member  or  agent  of  any  such  committee  who, in connection with any
 election, receives or expends any money or other [valuable  thing]  ITEM
 OF  VALUE  or  incurs any liability to pay money or its equivalent shall
 file statements sworn, or subscribed and  bearing  a  form  notice  that
 false  statements  made  therein are punishable as a class A misdemeanor
 pursuant to section 210.45 of the penal law, at the times prescribed  by
 this  article  setting  forth all the receipts, contributions to and the
 expenditures by and liabilities of the committee, and of  its  officers,
 members  and  agents  in  its  behalf. Such statements shall include the
 dollar amount of any receipt, contribution  or  transfer,  or  the  fair
 market  value  of  any receipt, contribution or transfer, which is other
 than of money, the name [and], address AND OCCUPATION of the transferor,
 contributor or person from whom received,  OTHER  THAN  IN  THE  REGULAR
 COURSE OF A LENDER'S BUSINESS, AND FOR A NATURAL PERSON CONTRIBUTING TWO
 HUNDRED DOLLARS OR MORE, THE NAME AND ADDRESS OF SUCH PERSON'S EMPLOYER,
 AND  THE  BUSINESS  ADDRESS  OF EACH POLITICAL COMMITTEE OR OTHER ENTITY
 MAKING SUCH CONTRIBUTION, OR ANY LOAN, GUARANTEE, OR OTHER SECURITY  FOR
 SUCH  A LOAN and if the transferor, contributor or person is a political
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD01913-01-7

 A. 8581                             2
 
 committee; the name of and the political unit represented by the commit-
 tee, the date of its receipt, the dollar amount  of  every  expenditure,
 the  name  and  address of the person to whom it was made or the name of
 and the political unit represented by the committee to which it was made
 and  the  date  thereof,  and  shall  state  clearly the purpose of such
 expenditure.  IF ANY ONE EXPENDITURE IS MADE FOR MORE THAN ONE  PURPOSE,
 OR  AS PAYMENT FOR GOODS OR SERVICES SUPPLIED BY MORE THAN ONE SUPPLIER,
 SUCH STATEMENT SHALL SET FORTH SEPARATELY EACH SUCH PURPOSE OR  SUPPLIER
 AND  THE AMOUNT EXPENDED FOR EACH SUCH PURPOSE OR TO EACH SUCH SUPPLIER.
 Any statement reporting a loan shall have attached to it a copy  of  the
 evidence of indebtedness.  Expenditures in sums under fifty dollars need
 not  be specifically accounted for by separate items in said statements,
 and receipts and contributions aggregating  not  more  than  ninety-nine
 dollars, from any one contributor need not be specifically accounted for
 by  separate  items  in  said  statements,  provided  however, that such
 expenditures, receipts and contributions shall be subject to  the  other
 provisions of section 14-118 of this article.
   3.  The  state  board  of  elections shall promulgate regulations with
 respect to the accounting methods to be applied IN COMPLYING  WITH,  AND
 in  preparing the statements required by, the provisions of this article
 and shall provide forms suitable for such statements.  SUCH  REGULATIONS
 SHALL BE DRAWN TO ASSURE SUCH COMPLIANCE AND OBTAIN THE MAXIMUM POSSIBLE
 DISCLOSURE.
   §  2.  This  act  shall take effect on the sixtieth day after it shall
 have  become  a  law;  provided,  however,  that  contributions  legally
 received  prior  to  the  effective date of this act may be retained and
 expended for lawful purposes and shall  not  provide  the  basis  for  a
 violation of article 14 of the election law, as amended by this act; and
 provided,  further,  that  the state board of elections shall notify all
 candidates and political committees of the applicable provisions of this
 act within thirty days after this act shall have become a law.