91st General Assembly
Summary of HB2602
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House Sponsors:

Short description: 
ELEC CD - CAMPAIGN FINANCE                                                 

Synopsis of Bill as introduced:
        Amends  the  Election  Code.   Permits   public   officials   and      
   candidates  for  public office to establish no more than one political      
   committee.  Defines  a  political  action  committee  as  a  political      
   committee established by other than a public official, a candidate, or      
   a  county  or State central committee of a political party.  Prohibits      
   corporations, non-profit corporations, and labor  unions  from  making      
   campaign  contributions  from  their  treasury  funds.   Requires  the      
   political  action  committees  of  any  corporation,  labor  union, or      
   association that makes certain qualifying  campaign  contributions  to      
   register  and  file  contribution  reports  with  the  State  Board of      
   Elections.   Eliminates   the   separate   registration   and   filing      
   requirement  for  non-profit  organizations.   Limits contributions to      
   General Assembly members and candidates  and  statewide  officers  and      
   candidates   from   individuals   and   political  action  committees.      
   Prohibits transfers and contributions  from  a  public  official's  or      
   candidate's political committee to other political committees.  Limits      
   the  amount  of  funds  retained by the political committee of General      
   Assembly members and candidates and statewide officers and  candidates      
   at  the  end  of  an  election cycle. Requires dissolution of a public      
   official's or  candidate's  political  committee  within  4  years  of      
   leaving  office  or  defeat.     Limits  the  use  of the committee to      
   remaining funds.   Requires the State Board of  Elections  to  prepare      
   and  distribute  guidebooks  on  General Assembly and statewide office      
   candidates. Changes the penalty for willful failure to  file  campaign      
   reports  or willful filing of false reports from a business offense to      
   a Class A misdemeanor.  Makes receipt and retention  of  contributions      
   in excess of limits a Class A misdemeanor.                                  
          CORRECTIONAL NOTE (Department of Corrections)                        
          There will be no fiscal or prison population impact.                 
          FISCAL NOTE (State Board of Elections)                               
          HB 2602 would cost the State Board approximately $50,000 for         
          software and Web Site modifications and $1.5 M per election          
          for the candidate guidebooks.                                        
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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