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STATE OF NEW YORK
________________________________________________________________________

5881

2011-2012 Regular Sessions

IN ASSEMBLY

March 2, 2011
___________

Introduced  by  M. of A. KAVANAGH, STEVENSON -- 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.
                                                           LBD00045-01-1