Bill Text: NY S01013 | 2019-2020 | General Assembly | Amended

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Bill Title: Prohibits certain political contributions and loans by certain organizations; provides that loans not repaid by the date of the primary or election shall be considered a contribution.

Spectrum: Partisan Bill (Democrat 13-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO ELECTIONS [S01013 Detail]

Download: New_York-2019-S01013-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         1013--A
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 10, 2019
                                       ___________
        Introduced  by  Sens. METZGER, BRESLIN, GIANARIS, JACKSON, KRUEGER, LIU,
          MAY, MYRIE, RAMOS, RIVERA, SALAZAR -- read twice and ordered  printed,
          and  when  printed  to  be  committed to the Committee on Elections --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN ACT to amend the election law, in relation to political contributions
          by certain organizations
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 2 of section 14-116 of  the  election  law,  as
     2  amended by chapter 4 of the laws of 2019, is amended to read as follows:
     3    2.  a.  Notwithstanding  [the  provisions  of  subdivision one of this
     4  section, any corporation or an  organization  financially  supported  in
     5  whole  or in part, by such corporation, any limited liability company or
     6  other corporate entity may make expenditures,  including  contributions,
     7  not  otherwise  prohibited  by law, for political purposes, in an amount
     8  not to exceed five thousand dollars in the  aggregate  in  any  calendar
     9  year;  provided  that no public utility shall use revenues received from
    10  the rendition of public service within the state for  contributions  for
    11  political  purposes  unless  such cost is charged to the shareholders of
    12  such a public service corporation.]  any other provision of law  to  the
    13  contrary,  no  contribution,  loan, loan guarantee or other security for
    14  such a loan from any corporation,  limited  liability  company,  limited
    15  liability  partnership  or partnership, other than in the regular course
    16  of the lender's business, may be accepted by a  candidate  or  political
    17  committee,  other than a corporation, limited liability company, limited
    18  liability partnership or partnership that is a political committee,  for
    19  all nominations to any office or election to any office.
    20    b.  A  loan  made  to a candidate or political committee, other than a
    21  constituted committee, by any  person,  firm  or  association  shall  be
    22  repaid  by  the date of the primary, special or general election, as the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06186-03-9
        S. 1013--A                          2
     1  case may be, or such loan shall be considered  a  contribution  by  such
     2  person,  firm  or association including any person endorsing, cosigning,
     3  guaranteeing, collateralizing or other providing security for the loan.
     4    § 2. This act shall take effect immediately.