BILL NUMBER: S7564
SPONSOR: MYRIE
 
TITLE OF BILL:
An act to amend the election law, in relation to public campaign financ-
ing; and to repeal section 11 of part ZZZ of chapter 58 of the laws of
2020 amending the election law relating to public financing for state
office; amending the state finance law relating to establishing the New
York state campaign finance fund; and amending the tax law relating to
establishing the NYS campaign finance fund check-off, relating to the
severability of the provisions thereof
 
PURPOSE:
Modifications to the public campaign finance program
 
SUMMARY OF PROVISIONS:
This bill makes various clarifications and modifications to the public
campaign finance program. It also repeals a non-severability clause and
adds a severability clause.
 
JUSTIFICATION:
The Public Campaign Finance Program was created to reduce the influence
of large campaign donations in electoral politics. The program provides
candidates the ability to obtain matching funds from small donations in
order to amplify the voices of all New Yorkers in the political process.
These changes aim to facilitate participation in the public campaign
finance program for candidates.
 
LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
TBD
 
EFFECTIVE DATE:
This act shall take effect on the ninetieth day after it shall have
become a law. Effective immediately, the addition, amendment and/or
repeal of any rule or regulation necessary for the implementation of
this act on its effective date are authorized to be made and completed
by the public campaign finance board on or before such effective date.

Statutes affected:
S7564: 14-200-a election law, 14-200-a(19) election law, 14-203 election law, 14-206 election law, 14-207 election law, 14-208 election law, 14-208(1) election law, 14-208(2) election law, 14-212 election law