Int 0092-1998

Be it enacted by the Council as follows: Section one. Paragraph (f) of subdivision 1 of section 3-703 of the administrative code of the city of New York, as amended by local law 69 of 1990 and local law 68 of 1993, is amended to read as follows: (f) not accept and his or her principal committee and any other political committee authorized by such candidate must not accept, either directly or by transfer, any contribution or contributions (i) from a corporation that is not a political committee as defined in subdivision 11 of section 3-702, or (ii) from any one individual, [corporation,] partnership, political committee, employee organization or other entity for all covered elections held in the same calendar year in which he or she is a participating candidate which in the aggregate: (i) for the office of mayor, public advocate or comptroller, shall exceed six thousand five hundred dollars, or (ii) for borough president, shall exceed five thousand dollars, or, (iii) for member of the city council, shall exceed three thousand dollars; provided that a candidate and his or her authorized committees may accept additional contributions which do not exceed one half the amount of the applicable limitation for any run-off primary election, additional day for voting held pursuant to section 3-108 of the election law, special election to fill a vacancy, or election held pursuant to court order which is a covered election and in which the candidate seeks nomination for election or election; and provided further that if state law prescribes a contribution limitation of a lesser amount, this paragraph shall not be deemed to authorize acceptance of a contribution in excess of such lesser amount. The maximum contributions set forth in this paragraph shall be adjusted in accordance with subdivision seven of this section. Any contribution made prior to the effective date of this chapter shall not be deemed a matchable contribution for purposes of this chapter for any election held in the year nineteen hundred ninety or thereafter; �2. Subparagraph (ii) of paragraph (a) of subdivision 2 of Section 3-703 of the administrative code of the city of New York, as amended by local law number 69 of 1990, is amended to read as follows: (ii) [president of the city council] public advocate and comptroller, not less than one hundred thousand dollars in matchable contributions of ten dollars or more including at least five hundred matchable contributions. �3. Subdivision 6 of section 3-703 of the administrative code of the city of New York, as amended by local law 69 of 1990, is amended to read as follows: 6. Each participating candidate shall designate, not later than thirty days after filing the written certification required pursuant to subdivision one of this section, a single principal committee, to receive public funds pursuant to this chapter and report, to the best of the candidate's, treasurer's, and authorized committees' knowledge, to the campaign finance board every contribution, loan , guarantee, or other security for such loan received by the candidate, such principal committee and any other authorized committee of such candidate, the full name, residential address, occupation, employer, and business address of each [individual, corporation, partnership, political committee, employee organization or other entity making,] contributor, or of each person or entity which is the intermediary for, such contribution, loan, guarantee, or other security for such loan and every expenditure made by the candidate, such principal committee, and any other authorized committee of such candidate, including expenditures not subject to section 3-706. An intermediary need not be reported for any contribution that was collected from a contributor in connection with a party or other candidate-related event held at the residence of the person delivering the contribution, unless the expenses of such events at such residence for such candidate exceed five hundred dollars for a covered election or the aggregate contributions received from that contributor at such events exceed five hundred dollars. Contributions aggregating not more than ninety-nine dollars from any one contributor for all covered elections held in a single calendar year or for a special election need not be separately itemized in disclosure reports submitted to the board on behalf of a participating candidate, provided, however, that contributions which are not itemized shall not be matchable. The treasurer of the principal committee need not collect or disclose the occupation, employer, and business address of any contributor making contributions aggregating not more than ninety-nine dollars for all covered elections held in a single calendar year or for special election. Such reports shall be submitted at such times and in such form as the campaign finance board shall require and shall be clearly legible. Disclosure reports, other than reports required to be filed every six months in accordance with the schedule specified by the state board of elections, need not be submitted on behalf of a participating candidate if the cumulative amount of contributions and loans accepted by such candidate and his or her authorized committees following the period covered in the last disclosure report submitted to the board on behalf of such candidate is less than two thousand dollars or such higher amount as may be determined by the board, provided, however, that disclosure reports shall be submitted on behalf of a participating candidate if that candidate and his or her authorized committees have made expenditures in excess of eighty-five percent of the expenditure limitation applicable under section 3-706. The board shall make available to the public a copy of the disclosure reports within two business days after they are accepted by the board. �4. Every contribution from a corporation that is received prior to the effective date of this local law, with the exception of contributions from a political committee as defined in subdivision 11 of section 3-702, shall be returned to the contributor. �5. This local law shall take effect immediately. Referred to the Committee on Governmental OPerations. JD:rd PC LS32.98