CA SB27

Expands the definition of "contribution" to include payments made by a person to a multipurpose organization, and requires multipurpose organizations meeting specified criteria to register and file campaign reports disclosing donor information.

Requires state ballot measure committees and state candidate committees that raise $1,000,000 or more to maintain and disclose a list of their top 10 contributors on the Fair Political Practices Commission's website, updated within 5 business days (or 48 hours before elections).

Requires the Secretary of State to include a written explanation of top 10 contributor lists in the ballot pamphlet and to post these lists on the Secretary of State's website upon request from the Commission.

Shortens the notification period for large contributions from 2 weeks to 1 week for contributions of $10,000 or more received during late contribution reporting periods, and requires references to multipurpose organization reporting requirements.

Becomes operative July 1, 2014, with provisions declaring the bill furthers the purposes of the Political Reform Act of 1974 and is an urgency statute taking immediate effect.