HB2267 - Illinois Clean Election Act

• Establishes a voluntary public financing system for candidates running for Governor, Lieutenant Governor, Attorney General, Secretary of State, State Comptroller, and State Treasurer beginning in 2008.

• Creates the Illinois Clean Election Fund as a special state treasury fund, financed by up to $2 million from General Revenue, tax checkoff contributions of $3 per individual tax filer, qualifying contributions, and voluntary donations.

• Requires participating candidates to collect at least 2,500 qualifying contributions of $5 each from registered voters during a designated qualifying period (November through April 15 or June 2 for unaffiliated candidates) and limit seed money to $100 per donor up to $50,000 total.

• Provides certified candidates $2 million for primary elections and $4 million for general elections, with matching funds available up to 2 times the original amount if opponents exceed spending limits or raise more funds.

• Restricts certified candidates from accepting contributions beyond Fund distributions (except interest earned), requires detailed campaign finance reporting and record-keeping, and imposes fines up to $10,000 per violation.