Loading chat...
MN SF2266
Bill
Status
3/5/2012
Primary Sponsor
John Marty
Click for details
AI Summary
-
Defines "general treasury" as funds held by associations from business operations or membership dues, excluding money collected specifically to influence elections or ballot questions.
-
Requires majority approval from an association's governing body before disbursing more than $1,000 from general treasury for political contributions, independent expenditures, or campaign expenditures.
-
Mandates associations provide certification documentation to political committees detailing the authorization, amount, and recipients of such expenditures, which must be filed with the recipient's next campaign finance report.
-
Prohibits foreign nationals and foreign-controlled entities from making contributions to political committees, political funds, principal campaign committees, or party units.
-
Defines foreign nationals to include non-citizens without permanent residence status, foreign governments and political parties, foreign associations, and corporations where foreign nationals own 10 percent or more of voting shares or control the corporation's election-related activities.
Legislative Description
Political and campaign contributions provisions modifications
Last Action
Referred to Local Government and Elections
3/5/2012