Elections

Campaign finance reporting changes head to House floor
|
The House Judiciary Committee unanimously passed an update to the Campaign Finance Act. SB 42 seeks to simplify campaign reporting compliance for some elected officials and to provide more transparency on campaign finances. Amended to include HB 103, bill presenter and HB 103 co-sponsor Rep. Matthew McQueen, D-Galisteo, said SB 42 was previously a disclosure bill. The addition of HB 103 adds a modernization effort to align campaign finance reporting with the modern election process. “Senate Bill 42 requires out of state groups making independent expenditures of $5,000 or more to disclose the source of those funds.