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ND HB1430
Bill
Status
1/21/2013
Primary Sponsor
Ed Gruchalla
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AI Summary
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Amends North Dakota campaign finance law definitions including "candidate," "contribution," "expenditure," "independent expenditure," and "political purpose" to clarify what constitutes political activity during election periods.
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Prohibits corporations, cooperative corporations, limited liability companies, and associations from making direct contributions to candidates, political parties, or political committees, but allows them to establish separate segregated funds for political purposes with strict disclosure requirements.
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Requires corporations and associations making independent expenditures or contributions outside segregated funds to file statements with the secretary of state within 48 hours, including detailed information about the contribution, recipient, and cumulative totals.
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Requires independent expenditure advertisements to include disclaimers identifying the funding entity, its principal business address, and stating the communication is independently funded and not made in consultation with candidates or parties.
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Establishes penalties including class A misdemeanor charges for officers and directors of entities that violate contribution restrictions or fail to file required reports, with enhanced audit authority and fine provisions up to five percent of violations or audit costs.
Legislative Description
Campaign contributions and expenditures; and to provide a penalty.
Last Action
Second reading, failed to pass, yeas 25 nays 67
2/26/2013