NY A07213

Requires entities formed to accept donations and loans for transition or inauguration activities to file disclosure statements with the board of elections detailing all receipts, contributions, transfers, and expenditures.

Mandates disclosure statements include the dollar amount or fair market value of all contributions, names and addresses of contributors, dates of receipt, and purpose of each expenditure; exempts contributions under $99 and expenditures under $50 from itemization.

Requires the board of elections to make disclosure reports publicly available within two business days of acceptance and establishes procedures for returning remaining funds to donors after liabilities are paid.

Establishes penalties including civil penalties up to $1,000 for late filings, Class A misdemeanor charges for knowing violations, Class A misdemeanor for exceeding contribution limits, and Class E felony charges for knowingly coordinating unauthorized committees to evade contribution limitations.

Takes effect December 15 following the date the bill becomes law, with the board of elections authorized to adopt implementing rules and regulations immediately.