An Act requiring a group supporting or opposing a candidate or ballot proposition in a state or local election to maintain an address in the state; amending campaign contribution disclosure requirements; requiring the disclosure of certain persons who coordinate and aggregate individual campaign contributions; limiting contributions to groups or nongroup entities that make only independent expenditures; requiring certain groups and nongroup entities to register with the Alaska Public Offices Commission as majority-nonresident-funded entities; requiring certain disclosures in communications funded by independent expenditures; relating to disbursement of campaign assets after an election; and providing for an effective date.

HB 371 requires election-related groups (supporting/opposing candidates or ballot measures) to maintain a physical Alaska address and register with the Alaska Public Offices Commission if they receive majority funding from nonresidents. It mandates new disclosures about contributors coordinating or aggregating individual donations, limits contributions to groups making only independent expenditures, and requires detailed spending reports for communications funded by such groups. The bill aims to increase transparency around campaign financing, particularly for nonresident-funded election activities, to help voters understand funding sources. These changes apply to political committees, independent expenditure groups, and nongroup entities operating in Alaska elections.