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Bill > A00152


NY A00152

NY A00152
Establishes the Bloomberg waiver for candidates in compliance with NYC's campaign finance board regulations regarding a voluntary personal spending limit; failure to set a voluntary limit waives the existing limitations on an opposing publicly funded candidate.


summary

Introduced
01/06/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Establishes the Bloomberg waiver for candidates in compliance with NYC's campaign finance board regulations regarding a voluntary personal spending limit; failure to set a voluntary limit waives the existing limitations on an opposing publicly funded candidate.

AI Summary

This bill establishes the "Bloomberg waiver" for candidates who comply with NYC's campaign finance board regulations regarding a voluntary personal spending limit. If a candidate declines to set a voluntary limit, the bill allows the campaign finance board to grant a waiver of the existing limitations on an opposing, publicly funded candidate's ability to raise and expend private funds. This waiver is granted upon a showing of substantial financial disadvantage due to the disparity in personal funds available between the candidates. The bill also specifies the deadline for filing the required certification and the application of the "extraordinary circumstance" provisions related to the certification.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

enacting clause stricken (on 04/05/2022)

bill text


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