SB121 Summary

• Requires all campaign finance reports and statements to be filed electronically with the Secretary of State, eliminating the previous exception allowing committees receiving $5,000 or less per election cycle to file by paper or facsimile.

• Centralizes filing requirements by mandating candidates for municipal office file campaign finance reports with the Secretary of State rather than with judges of probate, effective with the 2023 municipal election cycle.

• Maintains the existing civil penalty structure for late or materially inaccurate filings, with penalties ranging from $300-$1,200 depending on the offense number within an election cycle.

• Includes technical and nonsubstantive revisions to update code language to current style and clarify the Secretary of State's authority to enforce electronic filing requirements.

• Takes effect October 1, 2021.