New York A 3967: Requires separate bank accounts for public financing campaign contributions and other campaign funds

Bill Text

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A03967 Summary:

BILL NOA03967 

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SAME ASNo Same As

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SPONSORSteck

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COSPNSR

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MLTSPNSR

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Amd §14-205, El L

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Requires separate bank accounts for public financing campaign contributions and other campaign funds.

Go to top A03967 Actions:

BILL NOA03967 

&nbsp

01/30/2025referred to election law

01/07/2026referred to election law

Go to topA03967 Committee&nbspVotes:

Go to topA03967 Floor&nbspVotes:

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

Go to topA03967 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3967

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. STECK -- read once and referred to the Committee
 on Election Law

 AN ACT to amend the election law, in relation to requiring a separate
 bank account for public financing campaign contributions

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 14-205 of the election law is amended by adding a
 2 new subdivision 5-a to read as follows:
 3 5-a. Bank account. Notwithstanding any other law, rule or regulation
 4 to the contrary, any retained funds or other campaign funds acquired
 5 independent of public financing shall be deposited in a separate bank
 6 account from the authorized committee's bank account for campaign
 7 contributions received pursuant to this article. Such bank accounts
 8 shall be subject to disclosure pursuant to relevant election laws, rules
 9 and regulations.
 10 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07261-01-5

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