NY A04172

Restricts campaign contributions to be used only for purposes directly related to promoting a candidate's election or performing duties of public office that are not otherwise reimbursable

Prohibits converting campaign funds to personal use, defined as expenditures for personal benefit, normal living expenses, obligations that would exist regardless of the campaign, or amounts that would be taxable as gross income under IRS rules

Specifically bans using campaign funds for residential expenses, tuition, private club memberships, automobile purchases, entertainment admission, fines assessed under election law, and payments exceeding fair market value for services or property rentals

Reduces the timeframe for disposing of campaign funds after a candidate's death from two years to twelve months

Requires the State Board of Elections to notify all registered campaign committees of the new provisions within 30 days of the law's enactment, with the law taking effect 60 days after passage