N.Y. Elec. Law § 14-206
Use of public matching funds; qualified campaign expenditures
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2023
As of January 1, 2015
* § 14-206. Payment of matching funds. 1. Determination of\neligibility. No matching funds shall be paid to an authorized committee\nunless the board determines that the participating candidate has met the\neligibility requirements of this title. Payment shall not exceed the\namounts specified in subdivision two of this section, and shall be made\nonly in accordance with the provisions of this title. Such payment may\nbe made only to the participating candidate's authorized committee. No\nmatching funds shall be used except as reimbursement or payment for\nqualified campaign expenditures actually and lawfully incurred or to\nrepay loans used to pay qualified campaign expenditures.\n 2. Calculation of payment. If the threshold for eligibility is met,\nthe participating candidate's authorized committee shall receive payment\nfor qualified campaign expenditures of six dollars of matching funds for\neach one dollar of matchable contributions, for the first one hundred\nseventy-five dollars of eligible private funds per contributor, obtained\nand reported to the board in accordance with the provisions of this\ntitle. The maximum payment of matching funds shall be limited to the\namounts set forth in section 14-205 of this title for the covered\nelection.\n 3. Timing of payment. The board shall make any payment of matching\nfunds to participating candidates as soon as is practicable. But in all\ncases, the board shall verify eligibility for matching funds within four\ndays of receiving a campaign contribution report filed in compliance\nwith section 14-104 of this article. Within two days of determining that\na candidate for a covered office is eligible for matching funds, the\nboard shall pay the applicable matching funds owed to the candidate.\nHowever, the board shall not make any payments of public money earlier\nthan the earliest dates for making such payments as provided by this\ntitle. If any of such payments would require payment on a weekend or\nfederal holiday, payment shall be made on the next business day.\n 4. Electronic funds transfer. The board shall promulgate rules to\nfacilitate electronic funds transfers directly from the fund into an\nauthorized committee's bank account.\n * NB Repealed December 31, 2014\n
§ 14-206. Use of public matching funds; qualified campaign\nexpenditures. 1. Public matching funds provided pursuant to this title\nmay be used only by an authorized committee for expenditures to further\nthe participating candidate's nomination for election or election,\nincluding paying for debts incurred within one year prior to an election\nto further the participating candidate's nomination for election or\nelection.\n 2. Such public matching funds may not be used for:\n (a) an expenditure in violation of any law;\n (b) an expenditure in excess of the fair market value of services,\nmaterials, facilities, or other things of value received in exchange;\n (c) an expenditure made after the candidate has been finally\ndisqualified from the ballot;\n (d) an expenditure made after the only remaining opponent of the\ncandidate has been finally disqualified from the general or special\nelection ballot;\n (e) an expenditure made by cash payment;\n (f) a contribution or loan or transfer made to or expenditure to\nsupport another candidate or political committee or party committee or\nconstituted committee;\n (g) an expenditure to support or oppose a candidate for an office\nother than that which the participating candidate seeks;\n (h) gifts, except brochures, buttons, signs, tee shirts and other\nprinted campaign material;\n (i) legal fees to defend against a criminal charge;\n (j) any expenditure made to challenge the validity of any petition of\ndesignation or nomination or any certificate of nomination, acceptance,\nauthorization, declination, or substitution;\n (k) payments made to the candidate or a spouse, domestic partner,\nchild, grandchild, parent, grandparent, brother or sister of the\ncandidate or spouse or domestic partner of such child, grandchild,\nparent, grandparent, brother or sister, or to a business entity in which\nthe candidate or any such person has a ten percent or greater ownership\ninterest;\n (l) an expenditure made primarily for the purpose of expressly\nadvocating a vote for or against a ballot proposal, other than\nexpenditures made also to further the participating candidate's\nnomination for election or election;\n (m) payment of any settlement, penalty or fine imposed pursuant to\nfederal, state or local law;\n (n) payments made through advances, except in the case of individual\npurchases less than two hundred fifty dollars; or\n (o) expenditures to facilitate, support, or otherwise assist in the\nexecution or performance of the duties of public office.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.