Int. No. 2106
By Council Members Borelli and Yeger
A Local Law to amend the administrative code of the city of New York, in relation to changing the amount of public matching funds available for the election cycle ending in 2021, and the repeal thereof
Be it enacted by the Council as follows:
Section 1. Section 3-705 of the administrative code of the city of New York is amended by adding a new subdivision 2.1 to read as follows:
2.1 Notwithstanding the provisions of paragraph a of subdivision 2 of this section, for the election cycle ending in 2021, the participating candidate’s principal committee shall receive one dollar for each one dollar of matchable contributions. The provisions of paragraph a of subdivision 2 of this section shall apply to any election cycle ending after December 31, 2021.
§ 2. This local law takes effect immediately and is deemed repealed on December 31, 2021.
JG
LS # 14994
7/13/20 5:30 PM