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MI SB1357
Bill
AI Summary
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Requires candidates for constitutional convention delegate to file financial disclosure reports with the secretary of state within 30 days of becoming a candidate or receiving contributions.
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Reports must disclose candidate's name, address, occupation, immediate family members, employers, earned income over $10,000, other income over $10,000, assets over $10,000, liabilities over $10,000, real estate and securities transactions over $10,000, and positions held in organizations.
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Secretary of state must make reports publicly available on the internet by end of business day received and available for inspection within three business days.
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Establishes late filing fees ranging from $50 per day for first 3 days, $100 per day for next 7 days, and $1,000 per day thereafter, capped at $10,000 total.
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Creates civil enforcement mechanism through secretary of state investigations and attorney general prosecution; knowingly filing incomplete or inaccurate reports is a misdemeanor punishable by up to 90 days imprisonment or $10,000 fine.
Legislative Description
Campaign finance; public disclosure; financial disclosure guidelines for candidates for constitutional convention delegate; establish. Creates new act.
Campaign finance, public disclosure
Last Action
Referred To Committee On Campaign And Election Oversight
6/1/2010