Local Law 34 of 2007 (LL 34) is a campaign finance reform law that limits municipal campaign contributions from principal officers, owners and senior managers of entities considered to be doing business with the City. The Law mandates the creation of a Doing Business Database to allow the City to enforce the law. This law helps to avoid the actuality or appearance of a link between government decisions and huge campaign contributions. The chart below displays the Doing Business contribution limits versus the regular contribution limits:
An entity is considered to be ‘doing business’ with the City when the contract, franchise, concession, grant, discretionary award or economic development agreement that is being proposed on, applied or have already been awarded are covered by LL 34. Entities that propose on or are awarded any of these transactions, with certain exceptions, must complete an agency-supplied Doing Business Data Form before their proposals can be considered or awards made.
Transactions covered by LL 34 include most contracts, concessions, franchises and grants greater than $5,000, as well as most economic development agreements, real property transactions, land use actions and pension investment contracts. LL 34 also covers lobbyists. Entities only get on the public database if they aggregate over $100,000 in goods and services business or $500,000 in construction.
The public database is populated with information gathered from entities via a Doing Business Data Form (DBDF). The DBDF is sent to the entity by the City Agency and then, when completed, should be sent back to that agency. The Doing Business Q&A provides further information on Local Law 34. The Doing Business Database provides the public, campaigns, and the City’s Campaign Finance Board with information on entities and individuals that do business with the City of New York.