§ 92-T — New York state campaign finance fund

§ 92-t. New York state campaign finance fund. 1. There is hereby\nestablished in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a fund to be known as the New York\nstate campaign finance fund.\n 2. Such fund shall consist of all revenues received from the New York\nstate campaign finance fund check-off pursuant to section six hundred\nthirty-h of the tax law, from the abandoned property fund pursuant to\nsection ninety-five of this article, from the general fund, and from all\nother moneys credited or transferred thereto from any other fund or\nsource pursuant to law. Such fund shall also receive contributions from\nprivate individuals, organizations, or other persons to fulfill the\npurposes of the public financing system.\n 3. Moneys of the fund, following appropriation by the legislature, may\nbe expended for the purposes of making payments to candidates pursuant\nto title two of article fourteen of the election law and for\nadministrative expenses related to the implementation of article\nfourteen of the election law. Moneys shall be paid out of the fund by\nthe state comptroller on vouchers certified or approved by the state\nboard of elections, or its duly designated representative, in the manner\nprescribed by law, not more than five working days after such voucher is\nreceived by the state comptroller.\n 4. Notwithstanding any provision of law to the contrary, if, in any\nstate fiscal year, the state campaign finance fund lacks the amount of\nmoney to pay all claims vouchered by eligible candidates and certified\nor approved by the state board of elections, any such deficiency shall\nbe paid by the state comptroller, from funds deposited in the general\nfund of the state not more than four working days after such voucher is\nreceived by the state comptroller.\n 5. Commencing in two thousand twenty-five, if the surplus in the fund\non April first of the year after a year in which a governor is elected\nexceeds twenty-five percent of the disbursements from the fund over the\nprevious four years, the excess shall revert to the general fund of the\nstate.\n 6. Public funds paid to participating candidates shall be paid in\naccordance with the timelines established by section 14-205 of the\nelection law.\n 7. No public funds shall be paid to any participating candidates in a\ngeneral election any earlier than the day after the day of the primary\nelection held to nominate candidates for such election.\n 8. No public funds shall be paid to any participating candidates in a\nspecial election any earlier than the day after the last day to file\ncertificates of party nomination for such special election.\n 9. No public funds shall be paid to any participating candidate who\nhas been disqualified or whose designating petitions have been declared\ninvalid by the appropriate board of elections or a court of competent\njurisdiction until and unless such finding is reversed by a higher court\nin a final judgment. No payment from the fund in the possession of such\na candidate or such candidate's participating committee on the date of\nsuch disqualification or invalidation may thereafter be expended for any\npurpose except the payment of liabilities incurred before such date. All\nsuch moneys shall be repaid to the fund.\n