Fiscal Note - SB 0026 - Revises Missouri Campaign Reporting Law
L.R. NO. 0042-01
BILL NO. SB 26
SUBJECT: Campaign Reporting Law
TYPE: Original
DATE: December 27, 1996
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
None $0 $0 $0
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1998 FY 1999 FY 2000
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
Officials from the Missouri Ethics Commission (MEC) assume the proposed
legislation would have no fiscal impact on their agency.
FISCAL IMPACT - State Government FY 1998 FY 1999 FY 2000
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Local Government FY 1998 FY 1999 FY 2000
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of
this proposal.
DESCRIPTION
The proposed legislation would revise the Missouri Campaign Finance Reporting
law. Proposition A was adopted by initiative and approved by the voters on
November 8, 1994. This proposal would remove several provisions of
Proposition A, which include:
Penalties for exceeding voluntary contributions;
Contribution limits of $100, $200 and $300, depending on the office sought;
and
Spend-down of excess funds within 90 days after the election.
This proposal would also remove a prohibition against acceptance of
contributions by legislators and statewide officials and candidates for those
offices during a session of the General Assembly.
The proposed legislation would also modify the reporting requirements for
continuing committees that make expenditures, other than contributions, on
behalf of a candidate or candidates.
This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.
SOURCES OF INFORMATION
Missouri Ethics Commission
This Fiscal Note is not an official copy and should not be quoted or cited.