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NY A00826
Bill
Status
1/8/2025
Primary Sponsor
Jenifer Rajkumar
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AI Summary
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Removes the $5,000 threshold exclusion for contracts with New York City that are based on retainer agreements or contingency fees when calculating "business dealings with the city"
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Entities with retainer or contingency-based service contracts will be subject to campaign contribution limitations under the city's campaign finance act, regardless of the initial contract value
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Currently, contracts valued at $5,000 or less are excluded from the "doing business" designation that triggers stricter campaign contribution limits
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The change ensures that service providers whose compensation may grow beyond $5,000 through retainer or contingency arrangements face the same contribution restrictions as other city contractors
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Takes effect immediately upon passage
Legislative Description
Provides that no contracts for services with the city of New York which are awarded on a contingency basis or through a retainer agreement shall be excluded from the definition of doing business with the city for purposes of campaign finance limitations for matching contributions.
Last Action
referred to election law
1/7/2026