HB2390 Summary: Small Donor Democracy Matching System for Fair Elections Act

• Creates a small donor campaign contribution matching system providing 6-to-1 public matching funds for qualified contributions ($25-$150 per donor) to participating candidates for Governor, Lieutenant Governor, Attorney General, State Comptroller, State Treasurer, Secretary of State, State Senator, and State Representative.

• Establishes the Small Donor Democracy Matching Fund as a special state treasury fund, with annual appropriations of either $1 per resident or one-twentieth of 1% of the state budget (whichever is greater), capped at $50 million per election cycle.

• Sets candidate eligibility requirements including collection of minimum initial qualifying contributions (1,000 for Governor; 500 for statewide offices; 200 for State Senator; 100 for State Representative) and compliance with strict contribution limits ($500 per source, increased to $2,500 if opponent exceeds self-funding thresholds).

• Prohibits participating candidates from accepting contributions from lobbyists or state contractors, coordinating with independent expenditure committees, using personal funds over limits, and establishes maximum matching fund amounts ($5 million for Governor; $1 million for statewide offices; $300,000 for State Senator; $150,000 for State Representative).

• Creates a 5-member Campaign Finance Board within the State Board of Elections to administer the program, with authority to adopt rules, investigate violations, levy civil penalties of twice unlawfully-accepted funds, and enforce all program requirements.