SB 98

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 each contributor of more than $20 cumulatively

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

each contributor whose cumulative contributions within a calendar year exceed

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

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

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

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

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 identify only 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 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.