Provides that contributions received by a candidate shall not be expended for goods or services provided by an entity in which the candidate and/or one or more members of the candidates family collectively hold a thirty-five percent or greater ownership.
STATE OF NEW YORK
________________________________________________________________________
S. 3697 A. 5486
2019-2020 Regular Sessions
SENATE - ASSEMBLY
February 12, 2019
___________
IN SENATE -- Introduced by Sens. GOUNARDES, ADDABBO, BRESLIN, COMRIE,
HOYLMAN, KAMINSKY, KRUEGER, LIU, METZGER, RAMOS, SERRANO, THOMAS --
read twice and ordered printed, and when printed to be committed to
the Committee on Elections
IN ASSEMBLY -- Introduced by M. of A. CARROLL -- read once and referred
to the Committee on Election Law
AN ACT to amend the election law, in relation to campaign funds for use
at a business owned by a candidate or the candidate's family
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 14-133
2 to read as follows:
3 § 14-133. Campaign funds for use at a business owned by a candidate or
4 the candidate's family. 1. Notwithstanding the provisions of section
5 14-130 of this article, contributions received by a candidate shall not
6 be expended for goods or services provided by an entity in which the
7 candidate and/or one or more members of the candidate's family collec-
8 tively hold a thirty-five percent or greater ownership or beneficial
9 interest or, in the case of a partnership or professional corporation, a
10 direct or indirect ownership interest in excess of five percent.
11 2. For purposes of this section, the term "candidate's family" shall
12 mean a person whose relationship to the candidate is within two degrees
13 of consanguinity or affinity.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07289-01-9
