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Office of the Revisor of Statutes

SF 3040 Senate Long Description

Relating to elections; providing for clean money in certain state elections; requiring single principal campaign committees for candidate contributions and public subsidies acceptance purposes; providing for the organization of political and principal campaign committees and party units; regulating political and conduit funds, prohibiting commingling and requiring a treasurer; specifying certain treasurer accounting requirements; requiring registration with the state campaign finance and public disclosure board, specifying certain statement of organization content requirements; regulating contributions, specifying certain restrictions, deposit and reporting requirements; requiring registration numbers on checks; prohibiting the earmarking of contributions; regulating expenditures, specifying certain restrictions, providing for petty cash and independent expenditures; providing for the rendering of bills, charges or claims; regulating campaign contribution and expenditure reports, specifying certain time period, content and disclosure requirements; providing for the treatment of independent expenditures, requiring a notice of intent to the board; requiring the board to exempt certain persons from the requirements under certain conditions, procedure; authoring the board to impose a late filing fee for failure to file, specifying certain board notice requirements; providing for reports by solicitors; regulating the purchase of issue advertisements, defining issue advertisement; specifying certain contribution limits for candidates for constitutional office and the legislature, exempting certain deliveries from bundling limits; prohibiting certain excess loans; regulating contributions to and from other candidates or to other political committees or funds; prohibiting transfers between party units and contributions and solicitations during regular legislative sessions, exempting candidates in special elections from the contribution and solicitation prohibition; providing for political contribution refunds to income taxpayers, specifying candidate and political party eligibility, specifying certain duties of the commissioner of revenue and providing a standing appropriation to the commissioner for the refunds; imposing certain spending limits on candidates for constitutional office and the legislature for public subsidies receipt purposes, providing for inflation adjustments of dollar amounts; regulating multicandidate political party expenditures; requiring and providing for candidates signing and filing with the board of spending limit agreements for public subsidies receipt purposes, specifying certain qualifying contribution affidavit requirements; providing for the payment of public subsidies by the board, providing for payments to match excess spending by opposing candidates and independent expenditures, requiring return of public subsidies under certain conditions; providing for certain carryforwards; requiring and providing for the dissolution of inactive committees and funds. providing for the transfer of debts; modifying certain filing requirements and the number of signatures requirements for petitions in place of the filing fee; requiring designation by the board as a participating candidate for certain campaign materials or communications claims purposes; imposing penalties for violations; making conforming amendments to certain statutory provisions; repealing certain existing provisions regulating the conduct of candidates for statewide office; specifying certain renumbering instructions to the revisor of statutes (mk)