SB 469 Summary

• Exempts elected officials who have closed their principal campaign committees from annual reporting requirements under the Fair Campaign Practices Act (FCPA).

• Authorizes the Secretary of State and judges of probate to assess administrative fines for late or inaccurate campaign finance filings, with penalties ranging from $300 (10% of unreported amount) for first offenses to $1,200 (20% of unreported amount) for third or subsequent offenses in an election cycle.

• Establishes an administrative review process allowing fined persons to contest assessments within 14 days by submitting written requests with supporting documentation, with reviews to be completed within 30 days.

• A fourth failure to timely or accurately file a report in an election cycle creates a rebuttable presumption of intent to violate reporting requirements, triggering notification to the Attorney General and district attorneys.

• Authorizes the Secretary of State to promulgate administrative rules necessary to implement and administer the FCPA.