NY A03456

Creates new Article 18 of the election law requiring entities formed to accept donations and make expenditures for transition or inauguration into office to file disclosure statements with the board of elections

Mandates disclosure of all receipts, contributions, expenditures, and liabilities, including dollar amounts, donor names and addresses, dates, and purposes (exempting 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

Establishes penalties including civil fines up to $1,000 for late filings, Class A misdemeanor charges for willful violations or exceeding contribution limits, and Class E felony charges for coordinating activities to evade contribution limits

Takes effect December 15th following enactment, with rulemaking authority granted immediately