Amendments to Rules Governing the Campaign Finance Act

Adopted Rules: Closed to Comments

Agency:
Effective Date: 
Sunday, October 19, 2014
Download Copy of Adopted Rule (.pdf): 

Statement of Basis and Purpose of Adopted Rule

The adopted rule amends section 38-03 of the Campaign Finance Act (“Act”) rules relating to business dealings with the City.  The Act authorizes the Department of Housing Preservation and Development (HPD) to disseminate rules that clearly state which categories of actions, transactions and agreements providing affordable housing do, and do not, constitute business dealings with the City of New York for purposes of the Act.  Entities engaging in actions, transactions and agreements that do not constitute business dealings with the City are not subject to disclosure requirements or to the campaign contribution limitation set forth in the Act.  The proposed amendment clarifies that individuals and entities receiving grants or loans consisting of Community Development Block Grant–Disaster Recovery funds will not be considered to be doing business with the City for purposes of the Act, and so will not be subject to the Act’s disclosure and contribution requirements