Archive for April, 2009

New York to Follow New Jersey?

Since April 2007, the New Jersey State Investment Council has subjected firms seeking investment of state pension funds, and associated persons, to a ban on political contributions. The New Jersey regulation makes compliance with the ban a condition of eligibility for State investments. A proposal floated by New York Attorney General Andrew [...]

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Pay-to-Play Restrictions in Illinois

As the case against former governor Rod Blagojevich moves forward , we take note of legislation effective January 1, 2009 that prohibits political contributions by business entities whose contracts with Illinois state agencies, in the aggregate, total more than $50,000. The law covers contributions to political committees promoting the candidacy of: (i) the officeholder [...]

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A More Level Playing Field

Yesterday, Genova, Burns & Vernoia submitted an advisory opinion request to the NYC Campaign Finance Board (CFB) on behalf of New Yorkers for Bill Thompson, a mayoral committee in this year’s election.
The crux is that the NYC Campaign Finance Act requires the lifting of the $6,158,000 primary election spending limit that applies to candidates participating [...]

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