Modifying certain election campaign finance reporting requirements; expanding the definition of associated business under the ethics in government act, modifying the exclusion of employees of public higher education systems from the definition of lobbyist and including local government units and public higher education systems in the definition of principal; requiring associations with conduit funds to elect or appoint a treasurer of the fund for funds transfer purposes, prohibiting commingling of the funds, defining conduit fund and imposing a penalty for violation of the requirements or prohibitions, requiring registration of the funds with the campaign finance and public disclosure board, specifying certain reporting requirements; expanding lobbyist report content requirements; modifying certain reporting requirements of principals and including principals under the late filing penalty provision (mk)