LD 174 LR 1061(01)
An Act To Restrict the Raising of Money by Maine Clean Election Act Candidates
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Parry of Arundel
Committee: Veterans and Legal Affairs
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Potential current biennium savings - Other Special Revenue Funds
Fiscal Detail and Notes
The bill prohibits Maine Clean Election Act (MCEA) candidates from establishing or participating in the activities of a political action committee (PAC) for which they are a principal officer, fund-raiser or decision maker twelve months preceding certification as a MCEA candidate and while they are certified as a MCEA candidate. The amount of savings will depend on the number of MCEA eligible candidates who choose to be active in a PAC. Based on 2014 MCEA payments from the Maine Clean Election Fund there would have been an approximate savings of $4,910 and $22,705 for each MCEA certified candidate for State Representative and State Senator, respectively, that chose not to become MCEA certified. No estimate is made at this time of the number of candidates that might forego MCEA certification to stay active in a PAC moving forward.