Int. No. 1362-A
By Council Members Salamanca, Menchaca and Greenfield
A Local Law to amend the administrative code of the city of New York, in relation to contributions in a special election
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:
(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 dollars in public funds per contributor [(or up to five hundred twenty-two 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 9394
11/23/16 4:21PM