Instead, the Board decided to follow the lead of the Federal Election Commission and treat LLCs as individuals for
the purposes of campaign contribution limits.
However, in 1999, the FEC reversed its position and decided that LLCs should be treated either as a corporation or a partnership for
the purposes of campaign contribution limits — but not the limits set for human beings.
In 1996, the state board of elections ruled that LLCs may be treated as separate and distinct individuals for
the purpose of campaign contributions.
Not exact matches
Cohen's hush payment, for
purposes of campaign finance law, might have been a
contribution to the Trump
campaign even if it were a loan.
Still, if the
purpose of the payment was to help Trump's candidacy, it could be considered a
campaign contribution.
According to New York law, state - level
campaign contributions can be used for «any lawful
purpose,» but they «shall not be converted by any person to a personal use which is unrelated to a political
campaign or the holding
of a public office or party position.»
The report cited a 2013 legislative proposal by Cuomo that
campaign contributions should be used only for a
purpose «directly related to promoting the nomination or election
of a candidate or the execution
of duties associated with the holding
of a public office or party position.»
Commission documents obtained and authenticated by City & State show that Moreland's investigators sought to determine if lawmakers were spending the
contributions they received for legitimate
campaign - oriented
purposes, or whether any money was going to their personal use, in violation
of state law.
«Every year, hundreds
of donors give more money than is allowed by state law that has highest limits
of any state capping donation size; scores
of candidates fail to disclose large
contributions received in the run - up to Election Day; thousands
of filings obfuscate the identity
of donors or the
purpose of expenditures through the inclusion
of incomplete or incorrect information; and dozens
of incumbent lawmakers spend
campaign funds for what reasonable people would unanimously agree are non-
campaign reasons,» the report found.
In real terms, these rules which exist in virtually every jurisdiction, include laws and regulations which forbid the unauthorized use
of state resources for political
purposes,
contributions from dubious sources, violation
of campaign funding limits as prescribed by enabling laws, the use
of money to influence voters and election outcomes, non-disclosure
of campaign spending, abuse
of media, broadcasting and political advertising rules, and rules on declaration
of assets, academic qualifications, health and other disclosures and internal party guidelines and rules.
In 1996, the New York State Board
of Elections issued an opinion that said that, for the
purposes of the
campaign finance law, LLCs were not considered corporations and thus were not subject to the state's corporate
contribution limits.