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2000 SESSION

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HB 392 General Assembly Campaign Finance Reform Act; created.

Introduced by: Phillip A. Hamilton | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

General Assembly Campaign Finance Reform Act. Imposes limits on contributions to General Assembly candidates and provides for the voluntary acceptance of expenditure limits by candidates for the General Assembly. The limit on contributions is $2,500 per election cycle on contributions by any person or committee to a candidate for the General Assembly. The limit is $5,000 per election cycle to a candidate for the General Assembly who declares as a Campaign Finance Reform Act Candidate and agrees to abide by the expenditure limits set out in the Act. The expenditure limit for a candidate for the House of Delegates is $125,000 in an election year and for a candidate for the Senate is $250,000 in an election year. The expenditure limit in a non-election year is 50 percent of the election year limit. Civil penalties for violations of the limits may equal three times the excess amounts.


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