SP0340, LD 1033, item 2, ‘An Act To Eliminate the 24-hour Reporting Requirement for Candidate Expenditures under the Election Laws’

Amend the bill by striking out the title and substituting the following:

‘An Act To Eliminate the 24-hour Reporting Requirement for Candidate Expenditures under the Election Laws’

Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:

‘Sec. 1. 21-A MRSA §1017, sub-§2, ¶D, as amended by PL 2013, c. 334, §10, is further amended to read:

D. Any single contribution of $1,000 or more received or any single expenditure of $1,000 or more made after the 14th day before the election and more than 24 hours before 11:59 p.m. on the day of the election must be reported within 24 hours of that contribution or expenditure. The candidate or treasurer is not required to include in this report expenditures for overhead expenses or compensation paid to an employee or other member of the campaign staff who has received payments at regular intervals that have been disclosed in previously filed campaign finance reports. As used in this paragraph, "overhead expenses" includes, but is not limited to, rent, utility payments, taxes, insurance premiums or similar administrative expenses.

Sec. 2. 21-A MRSA §1017, sub-§3-A, ¶C, as amended by PL 2013, c. 334, §11, is further amended to read:

C. Any single contribution of $1,000 or more received or any single expenditure of $1,000 or more made after the 14th day before any election and more than 24 hours before 11:59 p.m. on the day of any election must be reported within 24 hours of that contribution or expenditure. The candidate or treasurer is not required to include in this report expenditures for overhead expenses or compensation paid to an employee or other member of the campaign staff who has received payments at regular intervals that have been disclosed in previously filed campaign finance reports. As used in this paragraph, "overhead expenses" includes, but is not limited to, rent, utility payments, taxes, insurance premiums or similar administrative expenses.’

summary

This amendment replaces the bill, which eliminates the requirement that political action committees, state party committees, local party committees and candidates file 24-hour reports for certain contributions and expenditures. The amendment eliminates the 24-hour reporting requirement for expenditures of $1,000 or more made by candidates.

FISCAL NOTE REQUIRED

(See attached)

SP0340 LD 1033	Session - 128th Maine Legislature C "A", Filing Number S-213, Sponsored by		LR 1587 Item 2
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