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AR HB1530
Bill
Status
10/15/2021
Primary Sponsor
David Ray
Click for details
AI Summary
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Amends Arkansas Code § 7-6-203(g)(1) to specify how candidates must dispose of surplus campaign funds within 30 days following the end of the month in which an election is held or a candidate withdraws
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Candidates may redirect surplus funds to the State Treasurer for the General Revenue Fund Account of the State Apportionment Fund, a political party or party caucus, or certain nonprofit organizations
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Adds 501(c)(4) tax-exempt nonprofit organizations as an eligible recipient of surplus campaign funds, expanding beyond the existing 501(c)(3) nonprofit category
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Permits candidates to donate surplus funds to first-class cities, second-class cities, or incorporated towns
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Allows candidates to refund surplus campaign funds to original contributors to their campaign
Legislative Description
To Amend Arkansas Law Concerning Campaign Finance; And To Amend The Law Concerning Surplus Campaign Funds.
Last Action
Died in House Committee at Sine Die Adjournment
10/15/2021