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Final 2014 Comptroller Public Financing Comparision Chart 4.7.2014[1]

Final 2014 Comptroller Public Financing Comparision Chart 4.7.2014[1]

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Published by Casey Seiler
From OSC
From OSC

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Published by: Casey Seiler on Apr 07, 2014
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04/26/2014

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1
2014 PUBLIC FINANCING PROPOSAL COMPARISON DiNAPOLI BILL VS. PROPOSAL ADOPTED AS PART OF BUDGET AGREEMENT
Provision
Comptroller’s Existing Bill
 OSC #3(S.4239-A) New Proposal (Part of Budget Agreement) S.63555-D/A.8555-D (Subpart D of Part H) Political Offices Covered
Comptroller Comptroller
Contribution Limits
 
“Contributor”
 is defined as person or entity making a contribution (assume
“entity”
 includes political parties) Participating Candidates: $2,000 for primary and $2,000 for general Non-participating Candidates: same as current law Participating Candidates @ Primary: $6,000 Non-participating Candidates: same as current law Participating Candidates @ General Election: $6,000 Non-participating Candidates: same as current law
Contributions Made Prior to Becoming Participating Candidate
Not Matchable Participating Candidate shall either : (a) deposit any amount in excess of the contribution limit [
set forth in this subdivision,]*
 into a segregated account where it shall not be withdrawn for campaign expenditures for any comptroller election in the year two thousand fourteen; or (b) return any amount in excess of the contribution limit set forth in this section, by bank check or certified check made out to the contributor *subdivision most likely should read section
Fundraising Threshold to Trigger Public Financing
$150,000, at least 50 donations must come from 50 registered voters in at least 22 NY congressional districts Not less $200,000 in matchable contributions including at least 2,000 matchable contributions comprised of sums between $10 and $175 per contributor, from residents of New York State.
 
2
Use of Personal Funds
Participating Candidates: Cannot exceed 3 times the individual contribution limit Participating Candidate may not make expenditures from or use his or her personal funds or property or the personal funds or property jointly held with his or her spouse, or unemancipated children in connection with his or her primary or election to
except
as a contribution to his or her authorized committee in an amount that exceeds 3 times the applicable contribution limit from an individual contributor.* *Note: This is the exact language of par. f subdivision 1 §14-
204. Perhaps the words “does not” should have preceded the word “exceeds”???
 
Multiple Campaign Committees
Eliminated if participating in public financing. Only ONE authorized committee allowed. Eliminated if participating in public financing. Only ONE authorized committee per elective office sought.
Oversight Entity
Creates a 7-member State Campaign Finance Board: 1 member appointed by the Governor and each legislative leader and 2 members representing non-partisan
citizen’s groups
 The Board of Elections: New Division of Election Law Enforcement headed by Chief Enforcement Counsel (Chosen by the Governor and Confirmed by Each House of the Legislature) Election Law §3-100(3-a)
Required Disclosure
Must disclose expenditures to the Campaign Finance Board Must disclose in Disclosure Reports:
every contribution and loan received and every expenditure made
 contributors who make contributions of $500 or more
 the occupation and business address of each contributor, lender, and intermediary
receipt of any contribution or loan in excess of $1,000 shall be disclosed within forty-eight hours of receipt

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