NY A03960

Repeals New York's public campaign financing system for state office candidates, eliminating Title II of Article 14 of the election law

Sets new contribution limits for statewide office candidates: $4,000-$12,000 for primary elections and $25,000 for general elections, with cost-of-living adjustments

Establishes contribution limits for state legislative races: $4,000 for state senate primaries, $6,250 for state senate general elections, and $2,500 for assembly races, with limits ranging between $1,000 minimum and $50,000 maximum

Repeals the New York State Campaign Finance Fund, including the tax return check-off option that allowed taxpayers to contribute to the fund

Removes provisions that allowed participating candidates to contribute three times the normal limit from their own money to their campaigns