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2002 SESSION
HB 557 Campaign Finance Disclosure Act; record retention requirements, etc.
Introduced by: S. Chris Jones | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Campaign Finance Disclosure Act, record retention requirements and reviews of campaign finance disclosure reports. Provides that (i) the State Board of Elections shall review the campaign finance reports of candidates for Governor, Lieutenant Governor, Attorney General and 10 percent of the candidates for the General Assembly selected at random; (ii) the review shall be for the purposes of (a) reconciling the balance in the campaign depository with the amounts reported in the candidate’s reports of receipts and expenditures and (b) reviewing the reports for mathematical accuracy and facial completeness including the reporting of specific information required by law; (iii) the Board shall meet publicly to select on a random basis by a drawing the General Assembly candidate campaigns to review; (iv) a campaign committee shall be exempt from review if it has received less than $25,000 in contributions; and (v) the campaign treasurer shall retain, and provide on request by the Board, the bank statements and copies of checks issued on campaign depositories and receipts for campaign fund expenditures greater than $500. The bill will take effect January 1, 2004. This proposal is a recommendation of the Joint Subcommittee Studying Campaign Finance Reform pursuant to SJR 393 (2001).
FULL TEXT
HISTORY
- 01/09/02 House: Presented & ordered printed, prefiled 01/08/02 020653796
- 01/09/02 House: Referred to Committee on Privileges and Elections
- 01/25/02 House: Reported from P. & E. w/substitute (12-Y 10-N)
- 01/25/02 House: Referred to Committee on Appropriations
- 02/08/02 House: Continued to 2003 in Appropriations (23-Y 2-N)