Bill > A06703

This bill makes technical corrections to New York State's public campaign financing system, modifying several existing provisions of the election law. The bill clarifies and refines definitions related to campaign contributions, including what constitutes a "matchable contribution" and how contributions are counted for eligibility thresholds. It adjusts the Public Campaign Finance Board's (PCFB) structure and operations, specifying details about board membership, staffing, and regulatory powers. Key changes include modifying the calculation of public matching funds for candidates, establishing clearer rules about contribution limits, and adjusting the timeline for public fund disbursements. The bill also updates language around contribution sources, specifying which types of contributions are not eligible for matching funds and setting precise guidelines for different statewide and local offices. Additionally, the legislation repeals certain provisions related to establishing the New York State Campaign Finance Fund, streamlining the existing regulatory framework. The changes aim to provide more precise and comprehensive guidelines for candidates participating in the public campaign financing program, with the goal of increasing transparency and fairness in campaign financing.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A6703