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2006 SESSION
SB 231 Campaign finance disclosure; value of in-kind contributions to be divided equally among candidates.
Introduced by: Jay O'Brien | Benjamin J. Lambert III | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Campaign finance; valuation of certain campaign contributions. Provides a general rule that the value of in-kind contributions benefiting multiple candidates will be divided equally among the benefiting candidates. However, the maker of the contribution may apportion the value of the contribution among the candidates on an objective basis that is stated in his campaign reports and documented in his records. The bill exempts literature distributed by local political party committees on behalf of their candidates from the apportionment requirement. As introduced, this was a recommendation of the task force that assisted the State Board of Elections in conducting a review of the Campaign Finance Disclosure Act pursuant to House Joint Resolution 667 (2005).
SUMMARY AS INTRODUCED:
Campaign finance; valuation of certain campaign contributions. Provides a general rule that the value of in-kind contributions benefiting multiple candidates will be divided equally among the benefiting candidates. However, the maker of the contribution may apportion the value of the contribution among the candidates on an objective basis that is stated in his campaign reports and documented in his records. The bill exempts literature distributed by local political party committees on behalf of their candidates from the apportionment requirement. As introduced, this was a recommendation of the task force that assisted the State Board of Elections in conducting a review of the Campaign Finance Disclosure Act pursuant to House Joint Resolution 667 (2005). This bill is identical to HB 296.