New York City Council Header
File #: Int 2106-2020    Version: * Name: Changing the amount of public matching funds available for the election cycle ending in 2021, and the repeal thereof.
Type: Introduction Status: Committee
Committee: Committee on Governmental Operations
On agenda: 10/15/2020
Enactment date: Law number:
Title: 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
Sponsors: Joseph C. Borelli, Kalman Yeger
Council Member Sponsors: 2
Summary: This bill would reduce the public matching funds available for the election cycle ending in 2021 to one dollar for each one dollar of matchable contributions. The reduction in public matching funds would not apply to elections that end after December 31, 2021.
Indexes: Sunset Date Applies
Attachments: 1. Summary of Int. No. 2106, 2. Int. No. 2106, 3. October 15, 2020 - Stated Meeting Agenda with Links to Files, 4. Hearing Transcript - Stated Meeting 10-15-20, 5. Minutes of the Stated Meeting - October 15, 2020

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 This local law takes effect immediately and is deemed repealed on December 31, 2021.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