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    1) The bill proposes the "Forfeiture of Campaign Finance Accounts and Return of Contributions Act". 2) It requires politicians who are indicted, resign due to charges, or are convicted of felonies related to their office to forfeit their campaign funds within 10 days. 3) The funds would be placed under the control of the NY State Comptroller and returned to donors from last to first until exhausted, with any remaining funds covering administration costs.

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    A16 PDF

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    1) The bill proposes the "Forfeiture of Campaign Finance Accounts and Return of Contributions Act". 2) It requires politicians who are indicted, resign due to charges, or are convicted of felonies related to their office to forfeit their campaign funds within 10 days. 3) The funds would be placed under the control of the NY State Comptroller and returned to donors from last to first until exhausted, with any remaining funds covering administration costs.

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    1) The bill proposes the "Forfeiture of Campaign Finance Accounts and Return of Contributions Act". 2) It requires politicians who are indicted, resign due to charges, or are convicted of felonies related to their office to forfeit their campaign funds within 10 days. 3) The funds would be placed under the control of the NY State Comptroller and returned to donors from last to first until exhausted, with any remaining funds covering administration costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    41 views2 pages

    A16 PDF

    Uploaded by

    Walla
    1) The bill proposes the "Forfeiture of Campaign Finance Accounts and Return of Contributions Act". 2) It requires politicians who are indicted, resign due to charges, or are convicted of felonies related to their office to forfeit their campaign funds within 10 days. 3) The funds would be placed under the control of the NY State Comptroller and returned to donors from last to first until exhausted, with any remaining funds covering administration costs.

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    STATE OF NEW YORK

    ________________________________________________________________________

    16

    2019-2020 Regular Sessions

    IN ASSEMBLY
    (Prefiled)

    January 9, 2019
    ___________

    Introduced by M. of A. PERRY, STECK, BRONSON -- Multi-Sponsored by -- M.


    of A. BARNWELL -- read once and referred to the Committee on Election
    Law

    AN ACT to amend the election law, in relation to enacting the "forfei-


    ture of campaign finance accounts and return of contributions act"

    The People of the State of New York, represented in Senate and Assem-
    bly, do enact as follows:

    1 Section 1. This act shall be known and may be cited as the "forfeiture
    2 of campaign finance accounts and return of contributions act."
    3 § 2. The election law is amended by adding a new section 14-134 to
    4 read as follows:
    5 § 14-134. Forfeiture of campaign finance accounts and return of
    6 contributions. 1. The provisions of this section shall apply to any
    7 person who holds or maintains a campaign finance account or accounts
    8 subject to the provisions of this article who:
    9 (a) is indicted or charged with a crime or is charged with a violation
    10 of the state ethics laws and resigns from office due to said charges
    11 prior to conviction or adjudication and complete disposition of said
    12 charges; or
    13 (b) is convicted of a felony or crime for which such conviction would
    14 disqualify the person from holding the elected office for which the
    15 campaign funds were raised; or
    16 (c) resigns from office due to formal complaints filed with and charg-
    17 es brought by the legislative ethics commission, established by section
    18 eighty of the legislative law for violation of state ethics laws prior
    19 to complete adjudication and disposition of such complaints or charges.
    20 2. All such campaign finance accounts subject to the provisions of
    21 this article and held or maintained by any person described in subdivi-
    22 sion one of this section or, on behalf of such person, shall be
    23 forfeited to the custody and the control of the office of the New York

    EXPLANATION--Matter in italics (underscored) is new; matter in brackets


    [ ] is old law to be omitted.
    LBD02500-01-9
    A. 16 2

    1 state comptroller within ten days of the effective date of resignation


    2 of said person's forfeiture of their office. The treasurer of the
    3 campaign committee and the former office holder for which the campaign
    4 finance account was maintained, shall be responsible for compliance
    5 within the period set forth in this article or said person shall be
    6 subject to a civil penalty of one thousand dollars per day until compli-
    7 ance is met.
    8 3. The New York state comptroller shall establish a forfeited campaign
    9 finance funds account for the purpose of the return of said campaign
    10 funds to the original donors and shall establish a process to provide
    11 for the most expeditious return of campaign finance funds to donors in
    12 the order of last donor first, until such funds have been fully
    13 expended. To the extent that it is not possible to ascertain the identi-
    14 ty of individual donors, any remaining unclaimed forfeited campaign
    15 finance funds may be applied to the New York state comptroller's cost to
    16 administer the forfeited campaign finance fund account.
    17 § 3. This act shall take effect on the first of January next succeed-
    18 ing the date upon which it shall have become a law.

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