§ 14-132 — Disposition of campaign funds

New York § 14-132

• Jurisdiction: New York
• Law ELN: Election
• Title 1: Campaign Receipts and Expenditures
• Art. 14: Campaign Receipts and Expenditures; Public Financing

Text

§ 14-132. Disposition of campaign funds. 1. Upon the death of a\ncandidate, former candidate or holder of elective office, where such\ncandidate or candidate's authorized committee received campaign\ncontributions, all such funds shall be disposed of by any of the\nfollowing means, or any combination thereof, within two years of the\ndeath of such person:\n (a) returning, pro rata, to each contributor the funds that have not\nbeen spent or obligated;\n (b) donating the funds to a charitable organization or organizations\nthat meet the qualifications of section 501(c)(3) of the Internal\nRevenue Code;\n (c) donating the funds to the state university of New York or the city\nuniversity of New York;\n (d) donating the funds to the state's general fund; or\n (e) contributing or transferring the funds to a candidate, party,\nconstituted or political committee in accordance with the applicable\nlimits, if any, set forth in this article.\n 2. No such candidate's authorized political committee shall dispose of\ncampaign funds by making expenditures for personal use as defined in\nsection 14-130 of this article.\n 3. If funds are not disposed of within the time required by this\nsection, such funds shall be recoverable by the chief enforcement\ncounsel of the state board of elections in a special proceeding in state\nsupreme court in the manner prescribed by section 16-116 of this chapter\nand deposited into the state's general fund.\n