FL S1116

Repeals the Florida Election Campaign Financing Act (sections 106.30–106.36, F.S.), which provided public funding to candidates for statewide office who agreed to certain expenditure limits

Eliminates the Election Campaign Financing Trust Fund as a destination for surplus campaign funds, requiring candidates to instead deposit surplus funds in the General Revenue Fund or, for local candidates, the political subdivision's general fund

Removes the requirement for the Division of Elections to conduct postelection audits of campaign accounts for candidates who received public financing from the Election Campaign Financing Trust Fund

Eliminates the voluntary $5 contribution option on boat registration application forms that previously funded the Election Campaign Financing Trust Fund

Takes effect contingent upon voter approval of the constitutional amendment proposed by SJR 1114 (or a substantially similar joint resolution) at the next general election or an authorized special election