New York S 701: Relates to prohibiting the conversion of campaign funds for personal use

Bill Text

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S00701 Summary:

BILL NOS00701 

&nbsp

SAME ASSAME AS A04172

&nbsp

SPONSORKRUEGER

&nbsp

COSPNSRADDABBO, GOUNARDES, LIU, MAY

&nbsp

MLTSPNSR

&nbsp

Amd §§14-130 & 14-132, El L

&nbsp

Relates to campaign funds for personal use.

Go to top S00701 Actions:

BILL NOS00701 

&nbsp

01/08/2025REFERRED TO ELECTIONS

01/07/2026REFERRED TO ELECTIONS

Go to topS00701 Committee&nbspVotes:

Go to topS00701 Floor&nbspVotes:

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

Go to topS00701 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 701

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. KRUEGER, ADDABBO, GOUNARDES, LIU, MAY -- 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 campaign funds for
 personal use

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

 1 Section 1. Section 14-130 of the election law, as amended by section 9
 2 of part CC of chapter 56 of the laws of 2015, paragraphs (ix) and (x) of
 3 subdivision 3 as amended and paragraph (xi) of subdivision 3 as added by
 4 chapter 136 of the laws of 2019, is amended to read as follows:
 5 § 14-130. Campaign funds for personal use. 1. Contributions received
 6 by a candidate or a political committee may only be expended for [any
 7 lawful purpose. Such funds shall not be converted by any person to a
 8 personal use which is unrelated to a political campaign or the holding
 9 of a public office or party position.] bona fide purposes directly
 10 related to either:
 11 [2. No contribution shall be used to pay interest or any other finance
 12 charges upon monies loaned to the campaign by such candidate or the
 13 spouse of such candidate.
 14 3. For the purposes of this section, contributions "converted by any
 15 person to a personal use" are expenditures that are exclusively for the
 16 personal benefit of the candidate or any other individual, not in
 17 connection with a political campaign or the holding of a public office
 18 or party position. "Converted by any person to a personal use", when
 19 meeting the definition in this subdivision, shall include, but not be
 20 limited to, expenses for the following:
 21 (i) any residential or household items, supplies or expenditures,
 22 including mortgage, rent or utility payments for any part of any
 23 personal residence of a candidate or officeholder or a member of the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02517-01-5

 S. 701 2

 1 candidate's or officeholder's family that are not incurred as a result
 2 of, or to facilitate, the individual's campaign, or the execution of his
 3 or her duties of public office or party position. In the event that any
 4 property or building is used for both personal and campaign use or as
 5 part of the execution of his or her duties of public office or party
 6 position, personal use shall constitute expenses that exceed the pro-
 7 rated amount for such expenses based on fair-market value.
 8 (ii) mortgage, rent, or utility payments to a candidate or officehold-
 9 er for any part of any non-residential property that is owned by a
 10 candidate or officeholder or a member of a candidate's or officeholder's
 11 family and used for campaign purposes, to the extent the payments exceed
 12 the fair market value of the property's usage for campaign activities;
 13 (iii) clothing, other than items that are used in the campaign or in
 14 the execution of the duties of public office or party position;
 15 (iv) tuition payments unrelated to a political campaign or the holding
 16 of a public office or party position;
 17 (v) salary payments or other compensation provided to any person for
 18 services where such services are not solely for campaign purposes or
 19 provided in connection with the execution of the duties of public office
 20 or party position;
 21 (vi) salary payments or other compensation provided to a member of a
 22 candidate's family, unless the family member is providing bona fide
 23 services to the campaign. If a family member provides bona fide services
 24 to