New York City Council Header
File #: Int 0732-2018    Version: * Name: Increasing the cap on public funds available.
Type: Introduction Status: Committee
Committee: Committee on Governmental Operations
On agenda: 3/22/2018
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to increasing the cap on public funds available
Sponsors: Ben Kallos, Fernando Cabrera , Keith Powers , Andrew Cohen, Donovan J. Richards, Costa G. Constantinides, Stephen T. Levin, Helen K. Rosenthal, Rafael L. Espinal, Jr., Daniel Dromm , Brad S. Lander, Justin L. Brannan, Barry S. Grodenchik, Paul A. Vallone, Ritchie J. Torres, Antonio Reynoso, Margaret S. Chin, Alan N. Maisel, Robert E. Cornegy, Jr., Carlos Menchaca, Carlina Rivera , Jumaane D. Williams, Diana Ayala , Bill Perkins, Mark Treyger, Rory I. Lancman, Deborah L. Rose, James G. Van Bramer, Mark Levine, Adrienne E. Adams
Council Member Sponsors: 30
Summary: This bill would raise the cap on public funds received by participating candidates to a full match with the expenditure limit.
Attachments: 1. Summary of Int. No. 732, 2. Int. No. 732, 3. March 22, 2018 - Stated Meeting Agenda

Int. No. 732

 

By Council Members Kallos, Cabrera, Powers, Cohen, Richards, Constantinides, Levin, Rosenthal, Espinal, Dromm, Lander, Brannan, Grodenchik, Vallone, Torres, Reynoso, Chin, Maisel, Cornegy, Menchaca, Rivera, Williams, Ayala, Perkins, Lancman, Rose, Van Bramer, Levine and Adams

 

A Local Law to amend the administrative code of the city of New York, in relation to increasing the cap on public funds available

 

Be it enacted by the Council as follows:

 

Section 1. Paragraph (b) of subdivision 2 of section 3-705 of the administrative code of the city of New York, as amended by local law 67 for the year 2007, is amended to read as follows:

(b) Except as otherwise provided in subdivision three of section 3-706, in no case shall the principal committee of a participating candidate receive public funds pursuant to paragraph (a) above in excess of an amount equal to [fifty-five percent of] the expenditure limitation provided in subdivision one of section 3-706 for the office for which such candidate seeks nomination for election or election, less the amount of matchable contributions received.

§ 2. This local law takes effect on January 1, 2019, provided, however, that the campaign finance board shall take any actions necessary prior to such effective date for the implementation of this local law including, but not limited to, the adoption of any necessary rules. 

 

BJR

LS 238

LS 6934 / Int. 1130-2016

12/21/17