HF 2073 Summary

• Repeals Minnesota's public subsidy program for campaign financing, eliminating the state elections campaign account and income tax checkoff designation system effective July 1, 2017.

• Converts mandatory spending limit agreements into voluntary pledges that candidates may sign; compliance with pledges is not subject to board audits, investigations, or enforcement actions.

• Removes "return of public subsidy" as a noncampaign disbursement, eliminating the requirement for candidates to return unused public funds to the state.

• Eliminates contribution requirements and affidavit filing obligations previously needed to qualify for public subsidies.

• Maintains campaign finance reporting requirements and disclosure rules while making expenditure limits and related restrictions voluntary for candidates who choose to sign pledges.