STATE OF NEW YORK
________________________________________________________________________
3279
2017-2018 Regular Sessions
IN ASSEMBLY
January 27, 2017
___________
Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
tee on Election Law
AN ACT to amend the election law, in relation to enacting the real time
transparency act
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Short title. This act shall be known and may be cited as
2 the "real time transparency act".
3 § 2. Subdivision 2 of section 14-108 of the election law, as amended
4 by chapter 109 of the laws of 1997, is amended to read as follows:
5 2. Each statement shall cover the period up to and including the
6 fourth day next preceding the day specified for the filing thereof[;
7 provided, however, that any contribution or loan in excess of one thou-
8 sand dollars, if received after the close of the period to be covered in
9 the last statement filed before any primary, general or special election
10 but before such election, shall be reported, in the same manner as other
11 contributions, within twenty-four hours after receipt].
12 § 3. Section 14-108 of the election law is amended by adding a new
13 subdivision 2-a to read as follows:
14 2-a. In addition to the statements required under subdivisions one and
15 two of this section, (a) If a political committee receives an aggregate
16 amount of contributions equal to or greater than one thousand dollars
17 from any contributor during the period covered by a statement required
18 by this article, the committee shall submit a notification to the board
19 of elections containing the name of the committee (and, in the case of
20 an authorized committee of a candidate, the name of the candidate and
21 the office sought by the candidate), the identification of the contribu-
22 tor, and the date of receipt and amount of the contributions involved.
23 (b) If, at any time after a political committee is required to submit
24 a notification under this subdivision with respect to a contributor
25 during the period covered by a statement required by this article, the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02933-01-7
A. 3279 2
1 political committee receives additional contributions from that contrib-
2 utor during that period, the committee shall submit an additional
3 notification under paragraph (a) of this subdivision with respect to
4 such contributor each time the aggregate amount of the additional
5 contributions received from the contributor during the period equals or
6 exceeds one thousand dollars (excluding the amount of any contribution
7 for which information is required to be included in a previous notifica-
8 tion under this subdivision).
9 (c) The political committee shall submit the notification required
10 under this subdivision with respect to a contributor:
11 (i) in the case of a notification described in paragraph (a) of this
12 subdivision, not later than forty-eight hours after the date on which
13 the aggregate amounts of contributions received from the contributor
14 during the period covered by a statement required by this article first
15 equals or exceeds one thousand dollars; or
16 (ii) in the case of an additional notification described in paragraph
17 (b) of this subdivision, not later than forty-eight hours after the date
18 on which the aggregate amount of contributions received from the
19 contributor during the period covered by a statement required by this
20 article for which information was not already included in a notification
21 under this subdivision first equals or exceeds one thousand dollars;
22 provided, however, that any contribution or loan in excess of one thou-
23 sand dollars, if received after the close of the period to be covered in
24 the last statement filed before any primary, general or special election
25 but before such election, shall be reported, in the same manner as other
26 contributions, within twenty-four hours after receipt.
27 (d) For purposes of this subdivision, any amount transferred by a
28 joint fundraising committee which is established by an authorized
29 committee of a candidate to any other authorized committee of that
30 candidate shall be treated as a contribution by the joint fundraising
31 committee to such authorized committee.
32 § 4. This act shall take effect January 15, 2019.