Bill > A00826

This bill amends the administrative code of New York City to modify the definition of "business dealings with the city" for campaign finance purposes. Specifically, the bill closes a potential loophole by ensuring that contracts for services awarded on a contingency basis or through a retainer agreement that exceed $5,000 are now explicitly included in the calculation of business dealings with the city. Previously, contracts of $5,000 or less were excluded from these calculations, which could potentially allow businesses to avoid campaign finance contribution limitations. The change means that such contracts will now be counted when determining whether an entity has significant business interactions with the city, which could impact their ability to make campaign contributions. This modification aims to increase transparency and prevent potential circumvention of campaign finance rules by requiring these types of service contracts to be considered in the broader assessment of a business's financial relationship with New York City.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A826