BILL NUMBER: S9835
SPONSOR: SKOUFIS
 
TITLE OF BILL:
An act to amend the election law, in relation to public campaign financ-
ing surpluses
 
PURPOSE:
Modifications to the public campaign finance program
 
SUMMARY OF PROVISIONS:
Section 1: Amends subdivision 19 of section 14-200-a of the election
law. Amends the definition of "surplus."
Section 2: Amends paragraph (c) of subdivision 2 of section 14-208 of
the election law.
Section 3: Sets effective date.
 
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 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.
 
PRIOR LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately. Effective immediately, the addi-
tion, 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:
S9835: 14-208 election law, 14-208(2) election law