HB 586 (BR 1953) - R. Wilkey
AN ACT relating to campaign finance.
Amend KRS 121A.010 to define "reserve account"; amend KRS 121A.020 to provide for reporting requirement that slates, campaign committees, or fundraisers shall report contributions from personal moneys, deposits of funds attributable to personal moneys of a member of a slate, or expenditures or disbursements made for advertising within 24 hours of the transaction if made within 28 days of the primary or general election or within 14 days of a runoff primary; amend KRS 121A.020 to provide that all reports shall include contributions received; amend KRS 121A.060 to delete the prohibition against a qualifying slate of candidates accepting more than the maximum threshold amount of qualifying contributions unless another slate has been released from the limitations; require that a participating slate that has received contributions in excess of the maximum threshold amount make a binding election within 3 days of the contributions' receipt to either dispose of the contributions; retain the contributions or place the contributions in a reserve account, provide that if the contributions are retained then the matching funds shall be reduced dollar-for-dollar for the amount that the retained contributions exceed the maximum threshold amount; specify that if the contributions are placed in a reserve account they may be used if a nonparticipating slate exceeds the contribution or expenditure limits; specify that a reserve account balance from the primary may be transferred to the campaign account; provide that nothing prohibits a participating slate from raising more than the maximum threshold amount if no opposing slate has raised the minimum threshold qualifying amount, and if no opposing slate receives the minimum threshold amount, then the participating slate is released from the maximum contribution limit; amend KRS 121A.070 to provide that interest earned on deposits made to the candidate campaign account of a participating slate, regardless of the source of the funds, will not count towards a participating slate's maximum contribution or expenditure limits.
HB 586 - AMENDMENTS
HCS - Retain original provisions, except provide for calendar monthly post-election reporting cycle for gubernatorial slates; provide for transfer of excess funds remaining in the reserve account to the election campaign fund after the registry has made no determination that a nonparticipating slate has exceeded the expenditure limit; clarify that, if no opposing slate receives the minimum qualifying amount, that the qualifying slate is released from the maximum contribution limit.
HFA (1, R. Wilkey) - Provide that contributions to a reserve account shall be reported in the same manner and on the same schedule as contributions to a campaign account or committee, and provide that the campaign treasurer assumes the same duties and responsibilities for the reserve account as the campaign account or committee.
HFA (2, J. Hoover) - Amend to provide that reserve account funds shall not become qualifying contributions for purposes of receiving matching transfers from the election campaign fund, provide that a reserve account balance from a primary election may not become qualifying contributions for purposes of receiving transfers from the election campaign fund for the regular election.
HFA (3, J. Hoover) - Amend to provide for reporting of any contribution or any deposit of funds within 24 hours, if made within 28 days of a primary or regular election, or if made within 14 days of a runoff primary.
Feb 4-introduced in House
Feb 5-to Elections, Const. Amendments & Intergovernmental Affairs (H)
Feb 12-posted in committee
Feb 21-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 22-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute
Feb 27-posted for passage in the Regular Orders of the Day for Thursday, February 28, 2002; floor amendments (2) and (3) filed to Committee Substitute
Mar 5-3rd reading, passed 76-19 with Committee Substitute, floor amendment (1)
Mar 6-received in Senate
Mar 11-to State and Local Government (S)