NY A10462

Clarifies that "authorized committee" means a single political committee designated under this title to receive contributions and make expenditures for a candidate's campaign.

Revises the definition of "matchable contribution" to specify a maximum aggregate of $250 per unique contributor per election cycle, with detailed eligibility requirements based on residency and candidacy type (statewide vs. state senate/assembly).

Modifies thresholds for public funding eligibility by replacing reference to number of matchable contributions with requirement for contributions from a minimum number of unique contributors (e.g., 5,000 for governor, 150 for state senate).

Changes timing for public funds disbursement to participating candidates from "30 days after designating petitions filed" to "120 days before the primary election" and adds procedures for PCFB to assess penalties for reporting violations.

Eliminates provisions requiring PCFB adoption of regulations for transferring contributions between campaign accounts and removes requirement that public funds not be paid earlier than two weeks after designating petition deadline.