HF 3196

as introduced - 89th Legislature (2015 - 2016) Posted on 03/16/2016 11:41am

A bill for an act
relating to campaign finance; prohibiting transfer of a principal campaign
committee registration to another candidate; amending Minnesota Statutes 2014,
section 10A.105, subdivision 1; Minnesota Statutes 2015 Supplement, section
10A.14, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 10A.105, subdivision 1, is amended to read:

Subdivision 1.

Single committee.

A candidate must not accept contributions from a
source, other than self, in aggregate in excess of $750 or accept a public subsidy unless
the candidate designates and causes to be formed a single principal campaign committee
for each office sought. A candidate may not authorize, designate, or cause to be formed
any other political committee bearing the candidate's name or title or otherwise operating
under the direct or indirect control of the candidate. new text begin A candidate may not authorize,
designate, or cause the candidate's name to be removed from a principal campaign
committee or transfer control of the committee to another candidate. new text end However, a candidate
may be involved in the direct or indirect control of a party unit.

Sec. 2.

Minnesota Statutes 2015 Supplement, section 10A.14, subdivision 1, is
amended to read:

Subdivision 1.

First registration.

(a) The treasurer of a political committee,
political fund, principal campaign committee, or party unit must register with the board by
filing a registration statement. The registration statement must be filed by the earliest of
the following dates:

(1) no later than 14 days after the committee, fund, or party unit has made a
contribution, received contributions, or made expenditures in excess of $750;

(2) no later than the next report of receipts and expenditures filing date applicable
to the committee, fund, or party unit if the committee, fund, or party unit reached the
threshold in clause (1) before the end of the reporting period covered by that report; or

(3) by the end of the next business day after it has received a loan or contribution
that must be reported under section 10A.20, subdivision 5.

new text begin (b) Once registered, control of a candidate's principal campaign committee may not
be transferred to another candidate. Assets of a principal campaign committee may only
be transferred to another candidate's principal campaign committee to the extent expressly
authorized by this chapter.
new text end

deleted text begin (b) deleted text end new text begin (c) new text end This subdivision does not apply to ballot question or independent expenditure
political committees or funds, which are subject to subdivision 1a.

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment, and apply to
principal campaign committees with active registrations on that date, or that are registered
on or after that date.
new text end