AB 28

Under current law, with certain exceptions, registrants under the campaign

finance law are required to file regular reports with the appropriate filing officer or

agency. The reports must identify: 1) contributors of more than $20 cumulatively

within a calendar year; 2) the occupation and principal place of employment, if any,

of each contributor whose cumulative contributions within a calendar year exceed

$100; 3) the registrants from whom or to whom funds are transferred; 4) other income

exceeding $20; contributions donated to a charitable organization or the common

school fund; 5) loans exceeding $20, together with the identity of the lenders and

guarantors, if any; 6) disbursements (expenditures) and obligations exceeding $20;

and 7) certain information from registrants making disbursements independently

of candidates. However, if a registrant does not maintain an office or street address

within this state, the registrant need only identify contributions, transfers, loans,

and other income received from sources in this state and disbursements and

obligations incurred with respect to elections for state or local office in this state.

This bill deletes the exception for registrants who or which do not maintain an

office or street address within this state, so that these registrants are required to

report the same information as other registrants. The bill also requires nonresident

registrants to include in their reports a separate statement of contributions,

transfers, loans, and other income received from sources in this state and

disbursements and obligations incurred with respect to elections for state and local

office in this state. The bill does not affect reporting by authorized committees of

candidates for the office of U.S. senator or representative in Congress, national

political party committees, and federally registered committees of state political

parties that make no contributions to individuals or committees that are subject to

a state registration requirement.