Brief⁽¹⁾

S.B. 430 amends the Campaign Finance Act regarding treasurer reports by requiring political and party committees who make an in-kind contribution in excess of $50 to a clearly identified state or local candidate, to file a report disclosing the name and address of each candidate, the date, and the amount and purpose of each expenditure. The bill defines "clearly identified" candidate to mean a candidate whose photograph or name has been identified, or whose identity is apparent by unambiguous reference.

Background

S.B. 430, as introduced, was recommended by the Governor's Office. The Senate Committee on Elections and Local Government amended the bill by deleting the proposed disclosure requirements of independent expenditures by political committees and party committees. In addition, the Committee increased the reportable threshold amounts submitted by treasurers on campaign contributions and expenditures.

The Senate Committee of the Whole amended the bill by restoring the reportable threshold amounts to current law.

1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext-bill.html.