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AK HB333

Bill

Status

Passed

5/24/2012

Primary Sponsor

Max Gruenberg

Click for details

Origin

House of Representatives

27th Legislature

AI Summary

HB 333 Summary

  • Candidates with unused campaign contributions must distribute funds by February 1 (general election) or within 90 days (special election), with allowable uses including campaign wind-up expenses, donations to political parties/government/charities, contributor refunds, and transfers to future campaign accounts with limits ($50,000 for governor/lieutenant governor; $10,000 for state senate; $5,000 for state house and other offices).

  • State legislature candidates may transfer unused contributions to public office expense term accounts limited to $5,000 per year of the term plus accumulated interest, and must dispose of remaining funds at end of term through donations or contributor refunds.

  • Municipal office candidates may transfer up to $5,000 of unused contributions to municipal office accounts for serving expenses, with remaining funds disposed of at end of term.

  • Candidate debate forums are permitted as educational activities without restriction, and candidates can participate in forums without compensation being considered a contribution.

  • Existing "public office expense term account reserves" for state legislators must be converted to regular public office expense term accounts by January 1, 2013.

Legislative Description

Campaign Contributions/poet Accts

Legislators

Last Action

EFFECTIVE DATE(S) OF LAW 8/22/12

5/24/2012

Committee Referrals

State Affairs2/20/2012

Full Bill Text

No bill text available