New York Assembly Bill A03967 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 3967 2025-2026 Regular Sessions  IN ASSEMBLY January 30, 2025 ___________ Introduced by M. of A. STECK -- read once and referred to the Committee on Election Law AN ACT to amend the election law, in relation to requiring a separate bank account for public financing campaign contributions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 14-205 of the election law is amended by adding a 2 new subdivision 5-a to read as follows: 3 5-a. Bank account. Notwithstanding any other law, rule or regulation 4 to the contrary, any retained funds or other campaign funds acquired 5 independent of public financing shall be deposited in a separate bank 6 account from the authorized committee's bank account for campaign 7 contributions received pursuant to this article. Such bank accounts 8 shall be subject to disclosure pursuant to relevant election laws, rules 9 and regulations. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07261-01-5