SB 926
Modifies various laws relating to ethics
LR Number:
Last Action:
1/16/2008 - Second Read and Referred S Financial & Governmental Organizations and Elections Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2008

Current Bill Summary

SB 926 - Monetary contributions shall not be made from any political party committees to any candidate committees, continuing committees, or political party committees. Candidate committees are not limited from making contributions to other committees.

Under the act, staff members of the leadership offices in the House and Senate must file financial interest statements.

The treasurer and deputy treasurer of all committees shall reside in the district or county in which the committee sits.

Legislative and senatorial district committees shall retain only one address in the district in which it sits for the purpose of receiving contributions.

The act requires out-of-state committees that make contributions in support of or against candidates or issues in elections to report the names of its contributors even when the contributions originally made to the out-of-state committee were not made specifically to influence any particular election.

Current law imposes a penalty of twice the amount of the contribution or expenditure that is incorrectly reported up to $5,000. This act removes the $5,000 cap and imposes a penalty equal to the amount of the contribution for failing to file or filing incomplete reports.

This act is similar to SB 183 (2007), SB 263 (2007), and HB 1900 (2006).