STATE OF NEW YORK ________________________________________________________________________ 3279 2017-2018 Regular Sessions IN ASSEMBLY January 27, 2017 ___________ Introduced by M. of A. KAVANAGH -- read once and referred to the Commit- tee on Election Law AN ACT to amend the election law, in relation to enacting the real time transparency act The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Short title. This act shall be known and may be cited as 2 the "real time transparency act". 3 § 2. Subdivision 2 of section 14-108 of the election law, as amended 4 by chapter 109 of the laws of 1997, is amended to read as follows: 5 2. Each statement shall cover the period up to and including the 6 fourth day next preceding the day specified for the filing thereof[; 7 ~~provided, however, that any contribution or loan in excess of one thou-~~ 8 ~~sand dollars, if received after the close of the period to be covered in~~ 9 ~~the last statement filed before any primary, general or special election~~ 10 ~~but before such election, shall be reported, in the same manner as other~~ 11 ~~contributions, within twenty-four hours after receipt~~]. 12 § 3. Section 14-108 of the election law is amended by adding a new 13 subdivision 2-a to read as follows: 14 2-a. In addition to the statements required under subdivisions one and 15 two of this section, (a) If a political committee receives an aggregate 16 amount of contributions equal to or greater than one thousand dollars 17 from any contributor during the period covered by a statement required 18 by this article, the committee shall submit a notification to the board 19 of elections containing the name of the committee (and, in the case of 20 an authorized committee of a candidate, the name of the candidate and 21 the office sought by the candidate), the identification of the contribu- 22 tor, and the date of receipt and amount of the contributions involved. 23 (b) If, at any time after a political committee is required to submit 24 a notification under this subdivision with respect to a contributor 25 during the period covered by a statement required by this article, the EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02933-01-7

A. 3279 2 1 political committee receives additional contributions from that contrib- 2 utor during that period, the committee shall submit an additional 3 notification under paragraph (a) of this subdivision with respect to 4 such contributor each time the aggregate amount of the additional 5 contributions received from the contributor during the period equals or 6 exceeds one thousand dollars (excluding the amount of any contribution 7 for which information is required to be included in a previous notifica- 8 tion under this subdivision). 9 (c) The political committee shall submit the notification required 10 under this subdivision with respect to a contributor: 11 (i) in the case of a notification described in paragraph (a) of this 12 subdivision, not later than forty-eight hours after the date on which 13 the aggregate amounts of contributions received from the contributor 14 during the period covered by a statement required by this article first 15 equals or exceeds one thousand dollars; or 16 (ii) in the case of an additional notification described in paragraph 17 (b) of this subdivision, not later than forty-eight hours after the date 18 on which the aggregate amount of contributions received from the 19 contributor during the period covered by a statement required by this 20 article for which information was not already included in a notification 21 under this subdivision first equals or exceeds one thousand dollars; 22 provided, however, that any contribution or loan in excess of one thou- 23 sand dollars, if received after the close of the period to be covered in 24 the last statement filed before any primary, general or special election 25 but before such election, shall be reported, in the same manner as other 26 contributions, within twenty-four hours after receipt. 27 (d) For purposes of this subdivision, any amount transferred by a 28 joint fundraising committee which is established by an authorized 29 committee of a candidate to any other authorized committee of that 30 candidate shall be treated as a contribution by the joint fundraising 31 committee to such authorized committee. 32 § 4. This act shall take effect January 15, 2019.

Enacts the "real time transparency act"

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