SB231: Campaign finance disclosure; value of in-kind contributions to be divided equally among candidates.

Chief Patron

Sen. Jay O'Brien (R-39)

Jay O'Brien (R-39)
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/30/2006: Passed the Senate

View Entire History

Summary

Campaign finance; valuation of certain campaign contributions.  Provides a general rule that the value of in-kind contributions benefiting multiple candidates will be divided equally among the benefiting candidates. However, the maker of the contribution may apportion the value of the contribution among the candidates on an objective basis that is stated in his campaign reports and documented in his records.  The bill exempts literature distributed by local political party committees on behalf of their candidates from the apportionment requirement.  As introduced, this was a recommendation of the task force that assisted the State Board of Elections in conducting a review of the Campaign Finance Disclosure Act pursuant to House Joint Resolution 667 (2005).   View Full Text »