IL HB0733

Establishes the Illinois Clean Election Act as a voluntary public campaign financing system for candidates running for Governor, State Senator, and State Representative, effective beginning in 2008.

Creates the Illinois Clean Election Fund as a special state treasury fund to be financed by qualifying contributions ($5 each), a $2,000,000 transfer from General Revenue Fund by February 1, 2009, tax checkoff donations ($3 per individual, $6 for joint filers), unspent seed money, and voluntary donations.

Sets qualifying contribution requirements: gubernatorial candidates need 2,500 verified registered voters; State Senate candidates need 150; State House candidates need 50, with candidates limited to $50,000, $1,500, and $500 in seed money respectively before certification.

Distributes Fund revenues to certified candidates based on election type and office, with amounts ranging from $500,000 to $4,000,000 for gubernatorial races and calculated averages for legislative races, plus matching funds up to 2 times the original distribution if opponents exceed spending limits.

Requires certified candidates to limit expenditures to Fund distributions only, prohibits accepting other contributions except with State Board approval, and establishes penalties up to $10,000 per violation and potential criminal prosecution for willful violations.