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ARIZONA STATE SENATE

Phoenix, Arizona

 

FACT SHEET FOR H.B. 2412

 

campaign finance; advertising disclosure

 

 

Purpose

 

An emergency measure requiring the political committee to disclose the four major funding sources on advertisements regarding support or opposition to a statewide ballot proposition.

 

Background

 

In 2001, the Legislature created a uniform system for filing a statement of organization for political committees and reporting campaign contributions such as expenditures for advertisements (Laws 2001, Chapter 305). 

 

The 2001 legislation defined a major funding source for purposes of expenditures in connection with literature or advertisement to support or oppose a ballot proposition that has made cumulative contributions of either:

 

a)      $10,000 or more for an expenditure in support of or opposition to a ballot proposition of a political subdivision with a population of 100,000 persons or more, or

b)      $5,000 or more for an expenditure in support of or opposition to a ballot proposition of a political subdivision with a population of less than 100,000 persons.

 

However, the legislation failed to address statewide ballot propositions in the definitions of a major funding source for expenditures for advertisements.  H.B. 2412 includes expenditures for support of or opposition of a statewide ballot proposition in the list of expenditures that must be reported as major funding sources on advertisements.

 

There is no fiscal impact to the state general fund associated with this legislation.

 

Provisions

 

1.      Requires the political committee to disclose the four largest contributors that have made cumulative contributions of $10,000 or more for an expenditure in connection with any literature or advertisement in support of or opposition to a statewide ballot proposition.

 

2.      Removes the requirement that a political committee disclose contributions of individuals who are major funding sources for campaign literature or advertisements. 

 

 

 

 

 

3.      Makes technical changes.

 

4.      Becomes effective upon signature of the Governor.

 

House Action

 

JUD                 1/29/02            DPA                10-0-0

3rd Read           2/12/02                                    44-15-1

 

 

Prepared by Senate Staff

March 20, 2002