CA AB2692

Requires individuals who receive substantial personal benefits from campaign fund expenditures to repay the state General Fund an amount equal to the benefit received, in addition to any administrative penalties imposed by the Fair Political Practices Commission

Applies when the Commission determines in an administrative action that an expenditure violates the Political Reform Act by conferring a substantial personal benefit not directly related to a political, legislative, or governmental purpose

Defines "substantial personal benefit" as a direct personal benefit with a value exceeding $200 to a candidate, elected officer, or individual with authority to approve campaign fund expenditures

Establishes that repayment obligations are separate from and in addition to monetary penalties of up to $5,000 per violation that the Commission may impose

Declares the bill furthers the purposes of the Political Reform Act of 1974, allowing passage with a 2/3 vote requirement under the initiative measure