Reporting disclosure requirement of original sources of campaign funds

SF 905 requires political committees, parties, and other groups spending over $10,000 in an election cycle to disclose the original source of campaign funds. It defines "covered entities" as organizations meeting this spending threshold and mandates they track and report the identity of individuals or businesses providing "personal funds" (like salary or investments) or "business income" used for campaign spending. Covered entities must maintain detailed records of fund origins and submit this information to the state election board, which will post it publicly on a dedicated website. This bill amends Minnesota campaign finance laws to increase transparency about the ultimate donors behind campaign spending, excluding individual candidates using only their own funds and small entities receiving under $5,000 from any single donor.