Legislation Details

File #: Int 1601-2019    Version: * Name: Transfer of campaign funds and the termination of authorized committees.
Type: Introduction Status: Filed (End of Session)
Committee: Committee on Governmental Operations
On agenda: 6/13/2019
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the transfer of campaign funds and the termination of authorized committees
Sponsors: Ben Kallos
Council Member Sponsors: 1
Summary: This bill would require candidates participating in the New York City campaign finance program to terminate all authorized committees except for the principal committee used in the covered election, and to submit any remaining funds from those authorized committees to the New York City campaign finance fund. This bill would effectively repeal Local Law 189 for the year 2016.
Attachments: 1. Summary of Int. No. 1601, 2. Int. No. 1601, 3. June 13, 2019 - Stated Meeting Agenda with Links to Files, 4. Hearing Transcript - Stated Meeting 6-13-19, 5. Minutes of the Recessed Meeting of May 29, 2019 Held on June 13, 2019, 6. Minutes of the Stated Meeting - June 13, 2019

Int. No. 1601

 

By Council Member Kallos

 

A Local Law to amend the administrative code of the city of New York, in relation to the transfer of campaign funds and the termination of authorized committees

 

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, as amended by local law number 189 for the year 2016, is amended to read as follows:

(a) Transfers that a principal committee receives from a political committee (other than [an authorized committee filing contemporaneous disclosure statements with the board in a timely manner] another principal committee) 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. Subdivision 1 of section 3-703 of the administrative code of the city of New York is amended by adding a new paragraph (p) to read as follows:

(p) terminate any authorized committee authorized by the candidate that is not the candidate’s principal committee for the election covered by the candidate’s certification. All remaining funds held by an authorized committee must be paid to the New York city campaign finance fund established in subdivision one of section 3-709 upon termination of such committee.

§ 3. This local law takes effect 1 year after it becomes law.

 

AS

LS # 7743

5/29/19