A 223: Relates to party committee and constituted committee contribution and receipt limits; reduces the annual contribution limits to political parties or constituted committees from $62,500 to $25,000, which shall include contributions to party housekeeping accounts.

  
  STATE OF NEW YORK ________________________________________________________________________ 223 2025-2026 Regular Sessions  IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. ROZIC -- read once and referred to the Committee on Election Law AN ACT to amend the election law, in relation to party committee and constituted committee contribution and receipt limits; and to repeal subdivision 3 of section 14-124 of the election law relating thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph a of subdivision 10 of section 14-114 of the 2 election law, as added by chapter 79 of the laws of 1992, is amended to 3 read as follows: 4 a. No contributor may make a contribution to a party or constituted 5 committee and no such committee may accept a contribution from any 6 contributor which, in the aggregate, is greater than [sixty-two] twen- 7 ty-five thousand [five hundred] dollars per annum, which shall include 8 all monies received for the purposes of maintaining a permanent head- 9 quarters and staff and for carrying on ordinary activities which are not 10 for the express purpose of promoting the candidacy of specific candi- 11 dates. 12 § 2. Subdivision 3 of section 14-124 of the election law is REPEALED. 13 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01400-01-5