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AR SB82
Bill
Status
10/15/2021
Primary Sponsor
Jonathan Dismang
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AI Summary
SB82 Summary
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When a candidate withdraws from one race and files for a different elected office, all campaign funds collected for the initial candidacy must be returned to contributors within 30 days following the end of the month of withdrawal.
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Campaign funds cannot be transferred or used for the candidate's subsequent campaign for a different office.
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Contributions are returned to contributors on a pro-rata basis of remaining campaign funds, with no single return exceeding the original contribution amount.
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If a candidate cannot identify a contribution's source, the funds must be directed to the State Treasurer, a political party, a 501(c)(3) nonprofit organization, or municipalities.
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The bill declares an emergency and becomes effective upon gubernatorial approval, expiration of the Governor's veto period, or veto override.
Legislative Description
To Amend The Law Concerning Campaign Contributions; To Establish The Procedure For Distribution Of Campaign Contributions When A Candidate Withdraws And Files For A Different Office; And To Declare An Emergency.
Last Action
Died in Senate Committee at Sine Die adjournment.
10/15/2021