2016 Regular Session
|At the request of:|
|Bill Title:||Relating to campaign finance.|
Lowers threshold for required filing of statement of independent expenditures to $250 per calendar year and requires statement to be filed within seven days after expenditure is made.
Lowers threshold for required filing of statement of independent expenditures to $50] $250 per calendar year and requires statement to be filed within five] seven days of reaching threshold] after expenditure is made. Increases penalties from 10 percent to 40 percent of total amount of contribution or expenditure for failure to file required statements or certificates, for failure to include required information in statements or certificates, for incorrectly identifying expenditure as independent expenditure , failing to timely file accurate statements of independent expenditures] and for failing to timely file accurate statements for in-kind contributions. Requires person making independent expenditures of more than $250 in calendar year to maintain detailed accounts that are current not later than seven days after triggering required report. Requires account records to be kept for at least two years. Requires Secretary of State to conduct spot checks of statements of independent expenditures. Requires secretary to randomly select for examination accounts of political committees. Requires that examinations occur four times per calendar year and determine whether committee accurately and timely complied with filing requirements during three months immediately preceding examination. Permits secretary or Attorney General, upon reasonable suspicion of violation, to examine accounts of person, political committee or petition committee being investigated as result of elector filing complaint alleging violation of election law or rule. Permits Attorney General, during investigation of election complaint, to issue subpoena to compel production of relevant documents or information. Declares emergency, effective on passage.].
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||Joint Committee On Ways and Means|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|