2006 New York Code - Receipt Of Post Election Contributions From Previous Contributors For Debt Repayment.

 
    * §  3-717.  Receipt  of  post  election  contributions  from previous
  contributors for debt repayment. 1. Eight or more years after  the  date
  of  any  covered  election,  a participating candidate, who has incurred
  debt as a result of his or her participation in  such  covered  election
  and  has  not  been  a  candidate  in any subsequent election and is not
  raising funds for his or her  candidacy  in  any  election,  may  accept
  contributions  pursuant to this section from contributors who previously
  contributed to the participating candidate's campaign for  such  covered
  election  only  for  the  purposes  of  repayment  of  debt  incurred in
  connection  with  such  covered  election;   provided,   however,   such
  participating    candidate   shall   not   accept   contributions   from
  corporations, except  corporations  that  are  political  committees  as
  defined  in  subdivision  eleven  of section 3-702 of this chapter. Debt
  repayment shall include payments for expenses incurred in maintaining  a
  committee  until  debt  is  repaid  and expenses incurred as a result of
  repaying the debt.
    2. A participating  candidate  who  chooses  to  accept  contributions
  pursuant  to  paragraph  one  of  this  section shall designate a single
  committee to accept such contributions.
    a. The designated committee shall register with the board.
    b.  The  designated  committee  shall  report  to  the   board   every
  contribution  received  by  the  committee,  the  full name, residential
  address, occupation, employer, and business address of each  individual,
  corporation,  partnership, political committee, employee organization or
  other  entity  making,  or  which  is   the   intermediary   for,   such
  contribution.  An intermediary need not be reported for any contribution
  that was collected from a contributor in  connection  with  a  party  or
  other  candidate-related  event  held  at  the  residence  of the person
  delivering the contribution, unless the expenses for such events  exceed
  five  hundred  dollars or the aggregate contributions received from that
  contributor at such events exceed five  hundred  dollars.  Contributions
  pursuant  to paragraph one aggregating not more than ninety-nine dollars
  from any one contributor need not be separately itemized  in  disclosure
  reports  submitted  to the board on behalf of a participating candidate.
  For purposes of this section, the treasurer of the designated  committee
  need  not  collect  or  disclose  the occupation, employer, and business
  address  of  any  contributor   pursuant   to   paragraph   one   making
  contributions  aggregating  not  more  than  ninety-nine  dollars.  Such
  reports shall be submitted at such times and in such form as  the  board
  shall  require and shall be clearly legible. The committee designated to
  accept contributions pursuant to paragraph one  of  this  section  shall
  maintain   any   additional  records  of  receipts  and  debt  repayment
  expenditures as required by the board.
    3. A  participating  candidate  accepting  contributions  pursuant  to
  paragraph one of this section shall not accept and his or her designated
  committee  shall  not  accept,  either  directly  or  by  transfer,  any
  contribution or contributions  from  any  one  individual,  partnership,
  political  committee, employee organization or other entity which in the
  aggregate shall exceed the contribution limitations as set  forth  under
  paragraph  f  of  subdivision  one  of section 3-703 as of the date such
  contributions are received, as adjusted pursuant to subdivision seven of
  section 3-703. Contributions received pursuant to this section shall not
  be aggregated with contributions received during  the  covered  election
  for  which  the  debt  was  incurred  for  the  purposes  of determining
  compliance with such contribution limitations.
    4. After all debt referred to in subdivision one has been repaid,  the
  participating candidate shall no longer accept contributions pursuant to
  this  section.  If  any  excess  funds  remain  after such debt has been


  repaid, the participating candidate shall return such  excess  funds  to
  contributors  in  reverse order of contribution, beginning with the most
  recent contributor, until the excess funds are exhausted.
    * NB Expired June 30, 2005