While there are limits on direct donations, New York law has a loophole to allow
for unlimited contributions to «housekeeping accounts,» which are supposed to be restricted to party - building and maintenance efforts.
The groups are seeking major changes in the wake of the arrest and conviction of the two majority party legislative leaders, including banning or strictly limiting outside income, and closing loopholes in the campaign finance system that in some cases allow
for unlimited contributions.
Cuomo wants to close a loophole in election law that allows
for unlimited contributions through LLCs, as well as a bill to block those convicted of corruption from receiving pension benefits through a constitutional amendment's first passage.
Not exact matches
A separate bill, also approved today, would shore up the legal uses
for housekeeping accounts, which are used by party conference committees and can raise
unlimited funds with no
contribution limits (then - Mayor Michael Bloomberg in 2012 gave Senate Republicans $ 1 million to their housekeeping account).
Thursday's filings lay bare those donations and other jaw - dropping financial details of the first modern presidential campaign in which donors could give
unlimited contributions for political ads and in which both major party candidates declined to participate in a Watergate - era public financing system designed to limit fundraising.
It's likely that the ads will again be paid
for by the Democratic State Committee's soft money «housekeeping» account, which is meant to pay
for party upkeep and is able to solicit
unlimited contributions.
It's true that he had to switch overnight from opposing any graduate
contribution to their education to support
for unlimited fees, but such contortions are nothing new
for the Rt Hon Member and his colleagues.
Connecticut tightened disclosure laws
for political
contributions following the U.S. Supreme Court's Citizen's United Decision that allowed
unlimited spending by outside groups.
David Weprin: Well, clearly when you're dealing with an opponent that is not part of the system, who has
unlimited funds, as the recent election we just went through with the mayor of the city of New York, I would remove the individual cap on
contributions for donors and go to a much higher cap similar to the one that's at the state level
for the governor of the state of New York.
The measures include provisions Assembly Democrats have backed in the past, including an end to
unlimited political
contributions funneled through limited liability companies, new regulations
for party conference «housekeeping» or soft money accounts and new transparency proposals
for lobbying funds.
The city Campaign Finance Board found NYC Mayor Bill de Blasio did not break
contribution limitation rules by raising
unlimited contributions through his Campaign
for One New York fund — then immediately issued a de facto rebuke of the tactic.
The «LLC loophole,» which permits large business interests to set up an
unlimited number of «paper» companies in order to bypass
contribution limits, has been a frequent target
for liberals like Mr. Schneiderman in recent months.
The state needs to close damaging loopholes that allow
unlimited donations
for party slush funds or that allow the creation of multiple limited liability corporations to evade
contribution limits.
But other political observers saw in the announcement a chance
for Cuomo to boost his profile in several national debates — possibly in advance of a presidential run in 2016 — as well as a convenient mechanism to take
unlimited contributions for ads that, while not explicitly urging people to vote
for Cuomo or anybody else, present a glowing portrayal of his actions.
The federal proceedings concern whether the administration doled out «pay - to - play» favors to big donors that dumped money into de Blasio's now - defunct «shadow government» nonprofit, the Campaign
for One New York — Vance's case concerns allegations the mayor sought to circumvent state
contribution limits in his failed bid to turn the State Senate Democratic, by having people seeking city business funnel
unlimited cash into upstate county committees instead of into candidates» campaign accounts.
«We must replace the public embarrassment of existing campaign financing laws, which allow enormous
contributions and
unlimited expenditures, with a system of reasonable limits that levels the playing field and ensures that meritorious candidates are not discouraged by the costs of running
for public office.»
Good government groups see the pension forfeiture measure as a token reform and have pressed
for the closing of the «LLC loophole» that allows businesses to create multiple limited liability companies to donate virtually
unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political
contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).
They found that it solicited
unlimited contributions to support candidates and then passed them through a «sham organization» called The Coalition
for Energy and the Environment that ran attack ads against Democrats.
Caps on the amounts of additional capital
contributions are prudent to avoid a joint venture party being responsible
for unlimited mandatory capital
contributions in the future; alternatively, the drafter can provide that additional capital
contributions may be approved by a supermajority or unanimous vote of the board of managers / directors or the joint venture parties
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