New York City Council Header
File #: Int 0777-2018    Version: * Name: Increasing the matchable portion of contributions to $250.
Type: Introduction Status: Committee
Committee: Committee on Governmental Operations
On agenda: 4/11/2018
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to increasing the matchable portion of contributions to $250
Sponsors: Keith Powers , Brad S. Lander, Mark Levine, Justin L. Brannan
Council Member Sponsors: 4
Summary: This bill would increase the matchable portion of contributions from $175 to $250, except for special elections which would be increased from $87 to $125.
Attachments: 1. Summary of Int. No. 777, 2. Int. No. 777, 3. April 11, 2018 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 4-11-18

Int. No. 777

By Council Members Powers, Lander, Levine and Brannan

 

A Local Law to amend the administrative code of the city of New York, in relation to increasing the matchable portion of contributions to $250

 

Be it enacted by the Council as follows:

                     Section 1. Paragraph (a) of subdivision 2 of section 3-705 of the administrative code of the city of New York is amended to read as follows:

2. (a) If the threshold for eligibility is met, the participating candidate's principal committee shall receive payment for qualified campaign expenditures of six dollars for each one dollar of matchable contributions, up to [one thousand fifty] one thousand five hundred dollars in public funds per contributor (or up to [five hundred twenty-two] seven hundred fifty dollars in public funds per contributor in the case of a special election), obtained and reported to the campaign finance board in accordance with the provisions of this chapter.

§ 2. This local law takes effect immediately.

 

BJR

LS 5438

1/29/18  4:29PM