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AR HB1675
Bill
Status
4/16/2021
Primary Sponsor
Brian Evans
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AI Summary
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Repeals the definition of "carryover funds" under Arkansas Code § 7-6-201(3), eliminating the previous limitation that carryover funds could not exceed the annual salary for the office sought
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Changes "surplus campaign funds" to "remaining campaign funds" and removes the carryover funds exception, allowing candidates to maintain campaign funds after elections for future candidacies
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Permits candidates to use remaining campaign funds at any time for any lawful purpose and to carry forward funds between elections without mandatory disposition requirements
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Retains the 10-year limit for maintaining campaign funds after a candidate's last election or when leaving office, after which remaining funds must be disposed of through specified methods
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Requires candidates retaining remaining campaign funds to continue filing regular campaign finance reports and adds new reporting requirements including current campaign fund balance and disbursement disclosures
Legislative Description
To Amend The Law Concerning Campaign Finance; To Repeal The Provisions Concerning Carryover Funds; To Modify The Use Of Campaign Funds; And To Amend Portions Of Initiated Act 1 Of 1990 And Initiated Act 1 Of 1996.
Last Action
Notification that HB1675 is now Act 737
4/16/2021