2023 New York Laws › ELN - Election › Article 14 - Campaign Receipts and Expenditures; Public Financing › Title 2 - Public Financing › 14-205 - Payment of Public Matching Funds.

§ 14-205. Payment  of  public  matching  funds.  1.  Determination  of
eligibility. No public matching funds shall be  paid  to  an  authorized
committee  unless  the  PCFB determines that the participating candidate
has met the eligibility requirements of this title.  Payment  shall  not
exceed  the  amounts  specified  in subdivision two of this section, and
shall be made only in accordance with the provisions of this title. Such
payment may be made only to  the  participating  candidate's  authorized
committee.   No   public   matching   funds  shall  be  used  except  as
reimbursement or payment for qualified  campaign  expenditures  actually
and  lawfully  incurred or to repay loans used to pay qualified campaign
expenditures.
2. Calculation of payment. (a) In any election for a public office  to
be  voted  on by the voters of the entire state or for nomination to any
such office, if the threshold for eligibility is met, the  participating
candidate's  authorized  committee  shall  receive payment for qualified
campaign expenditures of six dollars of public matching funds  for  each
one dollar of matchable contributions, obtained and reported to the PCFB
in  accordance with the provisions of this title. The maximum payment of
public matching funds shall be limited to the amounts set forth in  this
section for the covered election.
(b)  In  any  election  for  state  senate  or  state  assembly or for
nomination to any such office, if the threshold for eligibility is  met,
the participating candidate's authorized committee shall receive payment
for  qualified  campaign  expenditures  for  matchable  contributions of
eligible private funds per contributor, obtained, and  reported  to  the
PCFB herein, of: twelve dollars of public matching funds for each of the
first  fifty  dollars of matchable contributions; nine dollars of public
matching funds for each of  the  next  one  hundred  dollars  of  public
matchable  contributions; and eight dollars for the each of the next one
hundred dollars of public matchable contributions. The  maximum  payment
of  public  matching  funds shall be limited to the amounts set forth in
this section for the covered election.
3. Timing of payment. The  PCFB  shall  make  any  payment  of  public
matching  funds  to  participating candidates as soon as is practicable.
But in all cases, it shall verify eligibility for public matching  funds
within  four  days,  excluding  weekends  and  holidays,  of receiving a
campaign contribution report filed in compliance with section 14-104  of
this  article.  Within  two  days  of determining that a candidate for a
covered office is eligible for public matching funds, it shall authorize
payment of the applicable matching funds owed to the candidate. The PCFB
shall schedule at least three payment dates in the thirty days prior  to
a covered primary, general, or special election. If any of such payments
would  require payment on a weekend or federal holiday, payment shall be
made on the next business day.
4. Notwithstanding any provision of this section to the contrary,  the
amount  of  public  funds  payable  to  a participating candidate on the
ballot in any covered election  shall  not  exceed  one-quarter  of  the
maximum  public  funds payment otherwise applicable and no participating
candidate shall be eligible to receive a disbursement  of  public  funds
prior  to two weeks after the last day to file designating petitions for
a primary election unless the participating candidate is  opposed  by  a
competitive   candidate.  The  PCFB  shall,  by  regulation,  set  forth
objective standards to determine whether a candidate is competitive  and
the procedures for qualifying for the payment of public funds.
5. Electronic funds transfer. The PCFB shall, in consultation with the
office  of  the  comptroller,  promulgate rules to facilitate electronic
funds  transfers  directly  from  the  campaign  finance  fund  into  an
authorized committee's bank account.
6.   Irregularly   scheduled   elections.  Notwithstanding  any  other
provision of this title, the PCFB shall promulgate rules to provide  for
the  prompt  issuance of public matching funds to eligible participating
candidates for qualified campaign expenditures in the case of any  other
covered  election  held  on  a  day  different  from  the day originally
scheduled, including special elections. Provided, however in all  cases,
the  PCFB  shall: (a) within four days, excluding weekends and holidays,
of receiving a report of contributions from a candidate  for  a  covered
office  claiming  eligibility  for  public  matching  funds, verify that
candidate's eligibility for public matching funds; and  (b)  within  two
days  of determining that the candidate for a covered office is eligible
for public matching funds, it shall authorize payment of the  applicable
matching funds owed to the candidate.