A5916-2011 Actions

• Jan 4, 2012: referred to election law
• Mar 2, 2011: referred to election law

A5916-2011 Text

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

                                    5916

                         2011-2012 Regular Sessions

                            I N  ASSEMBLY

                                March 2, 2011
                                 ___________

  Introduced  by  M. of A. KAVANAGH, BARRON, CAMARA, CASTRO, COLTON, LANC-
    MAN, REILLY, STEVENSON -- Multi-Sponsored by -- M. of A. CAHILL, GOTT-
    FRIED -- read once and referred to the Committee on Election Law

  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.
                                                             LBD00058-01-1