Campaign finance; comprehensive reform of laws pertaining to.
What changed between versions
Candidates and political committees must file a statement of organization with the Secretary of State before accepting any contributions, regardless of amount
All campaign finance reports must be filed through a centralized online system maintained by the Secretary of State, searchable by the public
Candidates and committees must maintain detailed accounts of all contributions and expenditures, including loans and lines of credit, with records kept for four years
Foreign nationals are prohibited from making campaign contributions for constitutional amendments, ballot measures, or local elections, with penalties for violations
Candidates must disclose all loans and lines of credit, including cosigners, usage, and repayment terms
Personal use of campaign funds is now explicitly prohibited, including household expenses, mortgage payments, and family-related costs
Definition of 'candidate' now includes individuals who file organization statements or have received contributions/expenditures over $200, even before officially qualifying for office
Secretary of State gains authority to impose administrative penalties up to $5,000 per violation for non-compliance, with escalating fines for repeat offenses
Penalties for willful violations increased, including potential fines up to $5,000 and imprisonment up to one year
Corporate political contributions limited to $1,000 per calendar year, with repeals of previous corporate contribution prohibitions
Reporting deadlines and filing requirements updated to align with new online filing system and extended record retention periods