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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to elections
- Referred to elections
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2503
Title of bill
An act to amend the election law, in relation to increasing penalties for certain violations
Purpose
This legislation would increase fines and penalties for certain violations; requires refund of certain illegal contributions.
Summary of provisions
Section 1 of the bill amends Election Law § 14-126 to increase civil penalties for violations of New York's campaign finance laws. The bill imposes civil penalties of up to $10,000 for expending campaign funds for personal use; and political committee violations of the campaign finance law.
The bill also creates a penalty for those who establish a partnership or limited liability company to evade the contribution limits. The penalty would be two times the amount contributed plus a fine of $10,000 in a civil proceeding brought by the board of elections.
Justification
Current penalties for violations of campaign finance laws in New York are either nonexistent or. extremely weak. The fines under current law are far too low, considering the level of contributions candidates receive. This legislation is an important component of a series of meaningful campaign finance reforms for New Yorkers.
Fiscal implications
There may be a small increase in revenues due to increased fine levels.
Effective date
This act shall take effect on the sixtieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.