Provides that upon the death of a candidate, former candidate or holder of elective office, remaining campaign accounts be transferred to the state treasury unless a charitable organization has been designated to receive such moneys.
STATE OF NEW YORK
________________________________________________________________________
2690
2017-2018 Regular Sessions
IN SENATE
January 17, 2017
___________
Introduced by Sen. BRESLIN -- read twice and ordered printed, and when
printed to be committed to the Committee on Elections
AN ACT to amend the election law, in relation to providing that campaign
accounts be transferred to the state treasury upon death of a candi-
date
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The election law is amended by adding a new section 14-131
2 to read as follows:
3 § 14-131. Required disposal of campaign funds. 1. Upon the death of a
4 candidate, former candidate or holder of elective office, who received
5 campaign contributions, any moneys remaining in the account of a poli-
6 tical committee formed for the purpose of promoting or electing such
7 candidate not otherwise due and owed to any party shall be paid over to
8 the comptroller of the state of New York for deposit in the general
9 treasury of the state.
10 2. The treasurer of a political committee shall notify the state board
11 of elections upon the death of a candidate, former candidate or holder
12 of elective office. Such notice shall be filed in the office in which
13 the committee is required to file statements under section 14-110 of
14 this article, within thirty days of the death of such person.
15 3. Notwithstanding subdivision one of this section, a candidate,
16 former candidate or holder of elective office may, at any time, desig-
17 nate a charitable organization to receive the balance of any moneys
18 remaining in the account of a political committee formed for the purpose
19 of promoting or electing such candidate upon the death of such person by
20 filing a notice to that effect with the state board of elections. The
21 state board of elections shall develop a form for such purpose. If a
22 charitable organization designated by a candidate under this section is
23 no longer in existence upon the death of such person then such remaining
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07543-01-7
S. 2690 2
1 moneys shall be paid into the general treasury of the state in accord-
2 ance with this section.
3 § 2. This act shall take effect on the sixtieth day after it shall
4 have become a law; provided, however, that this act shall apply to
5 contributions received after such effective date; and provided, further,
6 that the state board of elections shall notify all registered campaign
7 committees of the applicable provisions of this act within thirty days
8 after this act shall have become a law.
