Int. No. 524
By Council Member Vallone, James, Halloran and Koo
A Local Law to amend the administrative code of the city of New York, in relation to curbing the outlay of public funds to candidates facing minimal opposition.
Be it enacted by the Council as follows:
Section 1. Paragraph (a) of subdivision (7) of section 3-705 of the administrative code of the city of New York, as amended by local law number 34 of 2007, is amended to read as follows:
7. Notwithstanding any provision of this section to the contrary, the amount of public funds payable a participating candidate on the ballot in any covered election shall not exceed one quarter of the maximum public funds payment otherwise applicable under subdivision two of this section, unless:
(a) the participating candidate is opposed by a candidate and the board has determined that such other candidate and his or her authorized committees have spent or contracted or have obligated to spend, or received in loans or contributions[, or both,] or public funds, an amount which, in the aggregate, exceeds [one-fifth] two-fifths of the applicable expenditure limit for such office fixed by subdivision one of section 3-706 of this chapter for participating candidates; or
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ยง2. This local law shall take effect immediately.
SAG
LS#2053
2.22.11