§ 5-03 Prohibited Contributions and Loans.
RCNY § 5-03
(a)Contributions and loans from corporations, limited liability companies, and partnerships, including professional corporations and limited liability partnerships.
(i)A candidate may not accept a contribution from a prohibited organization, i.e., a corporation, limited liability company, or partnership, including professional corporations and limited liability partnerships.
(ii)A candidate may not accept a loan from a prohibited organization unless the loan is made in the regular course of the lender's business.
(iii)A candidate may not accept a guarantee or other security for a loan from a prohibited organization.
(iv)This prohibition does not apply to contributions by political committees.
(b)Nominee contributions. A candidate may not accept a contribution made in the name of an individual or entity for which the source of the funds is a different individual or entity.
(c)Anonymous contributions. A candidate may not accept a contribution from an unidentified source.
(d)Contributions from foreign nationals. A candidate may not accept a contribution from a person who is not a naturalized U.S. citizen or a holder of a green card.
(e)Contributions in excess of $100. A candidate may not accept contributions aggregating in excess of $100 from a single source except by check, money order, cashier’s check, or credit or debit card.
(f)Contributions in violation of state or federal law. A candidate may not accept a contribution that was made, received, solicited, or otherwise obtained in violation of any local, state, or federal law. (Added City Record 8/16/2019, eff. 9/15/2019; amended City Record 11/19/2024, eff. 12/19/2024)
