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MN HF3668
Bill
Status
3/15/2010
Primary Sponsor
Mindy Greiling
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AI Summary
HF 3668 Summary
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Establishes voluntary "clean money" campaign financing system allowing candidates who sign spending limit agreements to receive public subsidies while limiting private contributions and expenditures.
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Reduces contribution limits: candidates who agree to spending limits can accept only $100 per individual annually, while political committees and party units face $500 aggregate limits per election cycle.
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Sets expenditure limits for participating candidates ranging from $28,000 for state representatives to $1,800,000 for governor/lieutenant governor, with increases to match opponent spending or independent expenditures up to 10 times the original limit.
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Requires candidates and political parties to file electronic campaign finance reports and gives notice of independent expenditures within 48 hours (or 24 hours in final three weeks before elections).
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Provides public subsidies to participating candidates: 25% of spending limit after primary election and 65% after general election, with additional matching funds when nonparticipating opponents exceed limits or independent expenditures occur.
Legislative Description
Clean money campaign funding provided; definitions expanded; electronic reports, notice, and excess spending report required; contribution and spending limits reduced; independent expenditures limited; contribution and spending limits imposed on caucuses; expenditures limited; public subsidy provisions changed; income tax checkoff repealed; refund maximum increased; and money appropriated.
Last Action
House: Introduction and first reading, referred to State and Local Government Operations Reform, Technology and Elections
3/15/2010