Relates to the party committee and constituted committee exemption from contribution and receipt limits for monies received and expenditures made to maintain a permanent headquarters and staff.
TITLE OF BILL: An act to amend the election law, in relation to the party committee and constituted committee exemption from contribution and receipt limits for monies received and expenditures made to maintain a permanent headquarters and staff
PURPOSE OR GENERAL IDEA OF BILL:
This bill would limit contributions to a so called "soft money" housekeeping political account to twenty-five thousand ($25,000) dollars. Under current law there is no limit on the amount of money a donor may contribute to such accounts.
SUMMARY OF SPECIFIC PROVISIONS:
Subdivision 3 of Election law section 14-124 is amended to limit contributions to a party committee to $25,000.
This bill amends the election law to prohibit unlimited campaign contributions to soft money political committee campaign accounts. Over the years the press has reported on the myriad of activities so called soft money is used to pay for that are not directly related to party building functions as the law was initially intended. This bill will set a limit for the first time in history on how much money can be contributed by any individual donor to soft money accounts to help prevent further abuse.
PRIOR LEGISLATIVE HISTORY:
None to the state.
This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 7203 IN SENATE May 5, 2014 ___________Introduced by Sens. KRUEGER, ADDABBO, GIANARIS, HOYLMAN, STAVISKY -- 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 the party committee and constituted committee exemption from contribution and receipt limits for monies received and expenditures made to maintain a permanent headquarters and staff THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 14-124 of the election law, as amended by chapter 71 of the laws of 1988, is amended to read as follows: 3. The contribution and receipt limits of this article shall not apply to monies received and expenditures made by a party committee or consti- tuted committee to maintain a permanent headquarters and staff and carry on ordinary activities which are not for the express purpose of promot- ing the candidacy of specific candidates, EXCEPT THAT CONTRIBUTIONS MADE FOR SUCH ACTIVITIES TO A PARTY COMMITTEE OR CONSTITUTED COMMITTEE SHALL BE LIMITED TO TWENTY-FIVE THOUSAND DOLLARS IN THE AGGREGATE FROM EACH CONTRIBUTOR IN EACH YEAR. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14883-01-4