Provides for the itemization of campaign expenditures.
TITLE OF BILL:
An act to amend the election law, in relation to statements of campaign receipts; and to repeal certain provisions of the election law relating thereto
To provide in law an explicit requirement for the itemization of items purchased on a campaign credit card for purposes of reporting requirements.
SUMMARY OF PROVISIONS:
Section one. Subdivision 5 of section 14-102 of the election law is REPEALED, subdivision 1, as amended by chapter 8 of the laws of 1978, and as redesignated by chapter 9 of the laws of 1978 is amended to require expenditures to report on an itemized basis those item purchased and the amount said item costs.
New York State has some of the laxest campaign finance laws in the nation. Moreover, several loopholes exist that are exploited to further reduce the effectiveness of New York's campaign disclosure laws. One particular loophole, which this bill addresses, pertains to the reporting of purchases made with a campaign credit card. Under current law, it is unclear what items purchased with a campaign credit card need to be reported and oftentimes disclosure reports simply state the monthly payment made to Visa or American Express. Reporting in this manner impedes the spirit of the law and prevents the public from seeing all of the itemized purchases made with said card. This would require that individual purchases and suppliers be reported. It will correct this technicality and provide more transparency on campaign finance reports.
STATE OF NEW YORK ________________________________________________________________________ 3054 2011-2012 Regular Sessions IN SENATE February 7, 2011 ___________Introduced by Sens. BRESLIN, KRUEGER, MONTGOMERY, OPPENHEIMER -- read twice and ordered printed, and when printed to be committed to the Committee on Elections AN ACT to amend the election law, in relation to statements of campaign receipts; and to repeal certain provisions of the election law relat- ing thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 14-102 of the election law is REPEALED, subdivision 1, as amended by chapter 8 of the laws of 1978, and as redesignated by chapter 9 of the laws of 1978, is amended to read as follows: 1.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 of the transferor, contributor or person from whom received, and if the transferor, contributor or person is a political committee; the name of and the political unit represented by the committee, 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 ofEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07654-01-1 S. 3054 2
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. S 2. This act shall take effect immediately.