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This bill would require that a uniform standard be applied to the transfer of funds between a candidate’s City campaign accounts if those accounts are filing timely disclosure statements.

  • Enacted

History

City Council
Recved from Mayor by Council
Mayor
Signed Into Law by Mayor
Mayor
Hearing Held by Mayor
City Council
Sent to Mayor by Council
City Council
Pass
Approved by Council
Committee on Standards and Ethics
Hearing Held by Committee
Committee on Standards and Ethics
Pass
Approved by Committee
Committee on Standards and Ethics
Hearing Held by Committee
Committee on Standards and Ethics
Laid Over by Committee
City Council
Referred to Comm by Council
City Council
Introduced by Council

Int. No. 1356

By Council Members Lancman and Menchaca

 

A Local Law to amend the administrative code of the city of New York, in relation to the transfer of non-public campaign funds

 

Be it enacted by the Council as follows:

                     Section 1. Paragraph (a) of subdivision 14 of section 3-703 of the administrative code of the city of New York is amended to read as follows:

(a) Transfers that a principal committee receives from a political committee (other than [another principal committee] an authorized committee filing contemporaneous disclosure statements with the board in a timely manner) at any time during an election cycle shall:

(i) be attributed to previous contributions in accordance with the duly promulgated rules of the campaign finance board applicable to such transfer or use;

(ii) exclude an amount equal to the total of:

(A) such previous contributions, or portions thereof, that violate the limitations, restrictions, or prohibitions of the charter and this chapter applicable in the covered election for which the principal committee is designated; and

(B) such previous contributions, or portions thereof, for which the principal committee has not obtained and submitted to the board, prior to receipt of the transfer, evidence of the contributor's intent to designate the contribution for such covered election, and any other record, as determined by the rules of the board; and

§ 2. This local law takes effect immediately after it becomes law.

 

BJR

LS 9400

11/02/16  2:45PM