Prohibits lobbyists, political action committees and labor unions and certain persons registered with the state board of elections from making loans to candidates or political committees.
STATE OF NEW YORK
________________________________________________________________________
3838
2021-2022 Regular Sessions
IN SENATE
January 31, 2021
___________
Introduced by Sens. SERINO, AKSHAR -- 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 prohibiting certain
loans to be made to candidates or political committees
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 6 of section 14-114 of the election law is
2 amended by adding a new paragraph d to read as follows:
3 d. Lobbyists, as defined by subdivision (a) of section one-c of the
4 legislative law or by subdivision (a) of section 3-211 of the New York
5 city administrative code, political action committees, labor unions, and
6 any person who has registered with the state board of elections pursuant
7 to subdivision three of section 14-107 of this article are prohibited
8 from making loans to candidates or political committees; provided,
9 however, that a lobbyist shall not be prohibited from making a loan to
10 himself or herself or to his or her own political committee when such
11 lobbyist is a candidate for office.
12 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07968-01-1
