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NY S06116
Bill
Status
5/16/2019
Primary Sponsor
Diane Savino
Click for details
AI Summary
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Establishes a voluntary public campaign financing system providing 6:1 matching funds for small contributions (up to $250) for candidates for governor, lieutenant governor, state comptroller, attorney general, state senator, assembly member, and constitutional convention delegate.
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Reduces contribution limits to $2,600 per election cycle for all contributors to candidates in covered elections, eliminating previous cost-of-living adjustments.
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Creates a 7-member Campaign Finance Board within the State Board of Elections to administer the matching funds program, conduct audits, and enforce compliance with contribution limits and spending rules.
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Establishes the New York State Campaign Finance Fund through revenues from a 10% surcharge on securities fraud recoveries, voluntary $5 tax return check-offs, and transfers from the abandoned property fund.
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Allows party affiliation changes 25 days before any primary, general, or special election (instead of only before general elections), and prohibits corporate and partnership contributions to candidates while permitting contributions from political committees.
Legislative Description
Enacts the "integrity in elections act of 2019"; authorizes a change of party affiliation not less than 25 days prior to the next ensuing primary, general or special election; requires the majority vote of the entire party committee for the jurisdiction in which a candidate for public office is running, in order to nominate such candidate as the party candidate; prohibits the transfer of funds between a candidate and committees not formed for the purposes of such candidate; limits independent expenditures for political purposes; limits contributions to $2,600 to any single candidate during an election cycle; enacts campaign finance reform to provide for matching funds for the campaigns of state elected officials; authorizes the imposition of an additional surcharge on recoveries for fraudulent practices regarding stocks, bonds and other securities; establishes the New York state campaign finance fund; provides for a New York state campaign finance fund check-off.
Last Action
RECOMMIT, ENACTING CLAUSE STRICKEN
5/29/2019