New York A 3456: Relates to transition and inauguration receipts and expenditures

Bill Text

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A03456 Summary:

BILL NOA03456 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORMcDonald

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add Art 18 §§18-100 - 18-101, El L

&nbsp

Relates to the statements of receipts, contributions, transfers and expenditures to transition and inauguration entities.

Go to top A03456 Actions:

BILL NOA03456 

&nbsp

01/27/2025referred to election law

01/07/2026referred to election law

Go to topA03456 Committee&nbspVotes:

Go to topA03456 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03456 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3456

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 27, 2025
 ___________

 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
 tee on Election Law

 AN ACT to amend the election law, in relation to transition and inaugu-
 ration receipts and expenditures

 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 article 18 to
 2 read as follows:
 3 ARTICLE 18
 4 TRANSITION AND INAUGURATION RECEIPTS AND EXPENDITURES
 5 Section 18-100. Statements of receipts, contributions, transfers and
 6 expenditures to transition and inauguration entities.
 7 18-101. Penalties.
 8 § 18-100. Statements of receipts, contributions, transfers and expend-
 9 itures to transition and inauguration entities. 1. (a) An entity formed
 10 for the purpose of accepting donations and loans, and for making expend-
 11 itures for transition or inauguration into office shall file, at the
 12 times prescribed by the board of elections, a statement with the board
 13 setting forth all the receipts, contributions to and the expenditures by
 14 and liabilities of the entity, and of its officers, members and agents
 15 on its behalf. Such statements shall include the dollar amount of any
 16 receipt, contribution or transfer, or the fair market value of any
 17 receipt, contribution or transfer, which is other than of money, the
 18 name and address of the transferor, contributor or person from whom
 19 received, and if the transferor, contributor or person is a political
 20 committee, the name of and the political unit represented by the commit-
 21 tee, the date of its receipt, the dollar amount of every expenditure,
 22 the name and address of the person to whom it was made or the name of
 23 and the political unit represented by the committee to which it was made
 24 and the date thereof, and shall state clearly the purpose of such
 25 expenditure. Any statement reporting a loan shall have attached to it a

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06396-01-5

 A. 3456 2

 1 copy of the evidence of indebtedness. Expenditures in sums under fifty
 2 dollars need not be specifically accounted for by separate items in said
 3 statements, and receipts and contributions aggregating not more than
 4 ninety-nine dollars, from any one contributor need not be specifically
 5 accounted for by separate items in said statements.
 6 (b) Disclosure reports shall be submitted at such times and in such
 7 form as the board of elections shall require and shall be clearly legi-
 8 ble. The board of elections shall make available to the public a copy
 9 of these disclosure reports within two business days after they are
 10 accepted by the board of elections.
 11 2. The final disclosure report submitted by such entity shall set
 12 forth the disposition of any funds remaining after all liabilities are
 13 paid, after which the entity shall be terminated. If an entity has funds
 14 remaining after all liabilities have been paid, it shall return those
 15 funds to one or more of the entity's donors, or if that is impractica-
 16 ble, dispose of the funds in a manner set forth by the board of
 17 elections.
 18 § 18-101. Penalties. 1. Any candidate whose transition or inauguration
 19 entity fails to file in a timely manner a statement or record required
 20 to be filed by this article or the rules of the board of elections in
 21 implementation thereof shall be subject to a civil penalty, not in
 22 excess of one thousand dollars, to be recoverable in a special p