Int 1231-2018

Be it enacted by the Council as follows: Section 1. Chapter 7 of title 3 of the administrative code of the city of New York is amended by adding a new section 3-721 to read as follows: � 3-721 Limitation on contributions to independent expenditure committees. a. Definitions. For the purposes of this section, the following terms have the following meanings: Independent expenditure. The term "independent expenditure" means an independent expenditure, as defined in clause (i) of subparagraph (a) of paragraph 15 of subdivision a of section 1052 of the charter, in support of or in opposition to a candidate in a covered election. Independent expenditure committee. The term "independent expenditure committee" means any individual or entity that makes independent expenditures aggregating $1,000 or more in support of or in opposition to any candidate in any covered election. b. No individual or entity who has business dealings with the city, as defined in subdivision 18 of section 3-702, except for a lobbyist as defined in subdivision (a) of section 3-211, shall make, and no independent expenditure committee shall accept, aggregate contributions in excess of the contribution limitation for citywide offices set forth in paragraph (i) of subdivision 1-a of section 3-703 for the purpose of making independent expenditures in a covered election or making contributions to another independent expenditure committee. c. The board may, upon notice and opportunity to be heard, assess a civil penalty in an amount not in excess of $10,000 for each violation of this section. The intentional or knowing violation of this section shall be punishable as a misdemeanor in addition to any other penalty provided under law. � 2. This local law takes effect 30 days after it becomes law. NAB LS #3811/4363/7077 11/08/18 12:24 p.m. 1 1 2 2