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2004 SESSION

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SB 268 Campaign finance disclosure; provisions for in-kind contributions and independent expenditures.

Introduced by: H. Russell Potts, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Campaign Finance Disclosure Act; reports of large pre-election in-kind contributions and independent expenditures; penalties. Applies to in-kind contributions and independent expenditures greater than $5,000 in a statewide election or $2,500 in other elections made in the 30 days before a primary or special election or 60 days before a general election to pay for advertisements referring to a clearly identified candidate. The bill requires the maker of the in-kind contribution or independent expenditure and recipient of the in-kind contribution to file a campaign disclosure report on the next business day. The bill provides for a civil penalty of $2,500 for the first failure to report and $5,000 for each subsequent failure in an election cycle.

SUMMARY AS INTRODUCED:

Campaign Finance Disclosure Act; in-kind contributions and penalties. Requires written authorization by a candidate for in-kind contributions to the candidate in support of his campaign. The bill also provides for the assessment of a civil penalty of $50,000 for any failure to report the making or receipt of an in-kind contribution with a value of $1,000 or more and for public notice of the failure and of the identity of the candidate, person, or committee involved.