Bill
Bill > S07564
NY S07564
NY S07564Amends provisions relating to public campaign financing; changes certain thresholds and procedures; permits retention of matching funds for future use; specifies when a candidate is opposed by a competitive candidate; requires a disclosure on political communications.
summary
Introduced
06/06/2023
06/06/2023
In Committee
06/09/2023
06/09/2023
Crossed Over
06/09/2023
06/09/2023
Passed
12/22/2023
12/22/2023
Dead
Vetoed
12/27/2023
12/27/2023
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the election law, in relation to public campaign financing; and to repeal section 11 of part ZZZ of chapter 58 of the laws of amending the election law relating to public financing for state office; amending the state finance law relating to establishing the New York state campaign finance fund; and amending the tax law relating to establishing the NYS campaign finance fund check-off, relating to the severability of the provisions thereof
AI Summary
This bill amends provisions relating to New York's public campaign financing program. Key changes include:
- Modifying the definition of "matchable contribution" to exclude certain types of donations, and specifying that only the first $250 of a contribution over $250 can be matched.
- Increasing the contribution thresholds for candidates to qualify for public matching funds, while providing reduced thresholds for candidates in districts with lower median incomes.
- Adjusting the maximum amounts of public funds available to participating candidates in primary and general elections.
- Establishing new criteria for determining when a candidate is considered "opposed by a competitive candidate" and eligible for full public funding.
- Requiring participating candidates to disclose their participation in the public financing program on their campaign communications.
- Allowing candidates who do not receive public funds in one election to retain and apply those funds towards their next campaign.
Overall, the bill aims to refine various aspects of New York's public campaign financing system to improve its effectiveness and accessibility.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
VETOED MEMO.150 (on 12/27/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S7564 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07564&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07564 |
Loading...