Text: HF00309 Text: HF00311 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 56.12B LIMITATIONS ON 1 2 CONTRIBUTIONS. 1 3 1. A person, other than a political committee, shall not 1 4 in any one election make contributions which exceed five 1 5 thousand dollars to a candidate for any of the following 1 6 offices: 1 7 a. Office of the governor. 1 8 b. Office of lieutenant governor. 1 9 c. Office of secretary of state. 1 10 d. Office of treasurer of state. 1 11 e. Office of auditor of state. 1 12 f. Office of secretary of agriculture. 1 13 g. Office of attorney general. 1 14 2. A person, other than a political committee, shall not 1 15 in any one election make contributions which exceed two 1 16 thousand dollars to a candidate for state legislative office. 1 17 3. A political committee, other than a state statutory 1 18 political committee, or a national political party shall not 1 19 in any one election make contributions which exceed five 1 20 thousand dollars to a candidate for any of the following 1 21 offices: 1 22 a. Office of the governor. 1 23 b. Office of lieutenant governor. 1 24 c. Office of secretary of state. 1 25 d. Office of treasurer of state. 1 26 e. Office of auditor of state. 1 27 f. Office of secretary of agriculture. 1 28 g. Office of attorney general. 1 29 4. A state statutory committee shall not in any one 1 30 election make contributions which exceed thirty-five thousand 1 31 dollars to a candidate for any of the following offices: 1 32 a. Office of the governor. 1 33 b. Office of lieutenant governor. 1 34 c. Office of secretary of state. 1 35 d. Office of treasurer of state. 2 1 e. Office of auditor of state. 2 2 f. Office of secretary of agriculture. 2 3 g. Office of attorney general. 2 4 5. A national political party shall not in any one 2 5 election make contributions which exceed fifty thousand 2 6 dollars to a candidate for any of the following offices: 2 7 a. Office of the governor. 2 8 b. Office of lieutenant governor. 2 9 c. Office of secretary of state. 2 10 d. Office of treasurer of state. 2 11 e. Office of auditor of state. 2 12 f. Office of secretary of agriculture. 2 13 g. Office of attorney general. 2 14 6. A political committee shall not in any one election 2 15 make contributions which exceed two thousand dollars to a 2 16 candidate for state legislative office. 2 17 Sec. 2. Section 56.15, subsections 1 and 4, Code 1995, are 2 18 amended to read as follows: 2 19 1. Except as provided in subsections 3 and 4, it is 2 20 unlawful for an insurance company, savings and loan 2 21 association, bank, credit union, or corporation organized 2 22 pursuant to the laws of this state or any other state, 2 23 territory, or foreign country, whether for profit or not, or 2 24 an officer, agent or representative acting for such insurance 2 25 company, savings and loan association, bank, credit union, or 2 26 corporation, to contribute any money, property, labor, or 2 27 thing of value, directly or indirectly, to a committee, or for 2 28 the purpose of influencing the vote of an elector, except that 2 29 such resources may be so expended in connection with a utility 2 30 franchise election held pursuant to section 364.2, subsection 2 31 4, or a ballot issue. All such expenditures are subject to 2 32 the disclosure requirements of this chapter. 2 33 4. The restrictions imposed by this section relative to 2 34 making, soliciting or receiving contributions shall not apply 2 35 to a nonprofit corporation or organization which uses those 3 1 contributions to encourage registration of voters and 3 2 participation in the political process, or to publicize public 3 3 issues, or both, but does not use any part of those 3 4 contributions to endorse or oppose any candidate for public 3 5 office or to support or oppose a ballot issue.A nonprofit3 6corporation or organization may use contributions solicited or3 7received to support or oppose ballot issues but the3 8expenditures shall be disclosed by the nonprofit corporation3 9or organization in the manner provided for a permanent3 10organization temporarily engaged in a political activity under3 11section 56.6.3 12 This section does not prohibit a family farm corporation, 3 13 as defined in section 9H.1, from placing a yard sign on 3 14 agricultural land, and does not prohibit the placement of yard 3 15 signs, with the prior written permission of the individual 3 16 property owner, on property rented or leased by a corporation 3 17 from private individuals, subject to the requirements of 3 18 section 56.14. This section also does not prohibit the 3 19 placement of a yard sign on residential property that is owned 3 20 by a corporation, but rented or leased to a private 3 21 individual, if the prior permission of the renter or lessee is 3 22 obtained. 3 23 EXPLANATION 3 24 This bill limits the size of contributions that may be made 3 25 by individuals and political committees. Contributions from 3 26 individuals are limited to $5,000 for statewide candidates and 3 27 $2,000 for legislative candidates. Political committees, 3 28 other than state statutory committees and national political 3 29 parties, are also limited in the size of contributions that 3 30 can be made to statewide candidates to $5,000 and all 3 31 political committees are prohibited from contributing more 3 32 than $2,000 to legislative candidates. State statutory 3 33 committees are prohibited from making contributions in excess 3 34 of $35,000 to statewide candidates. National political 3 35 parties are prohibited from making contributions in excess of 4 1 $50,000 to statewide candidates. 4 2 Contributions by for-profit and nonprofit corporations, 4 3 insurance companies, savings and loan associations, banks, and 4 4 credit unions to ballot issues are prohibited. 4 5 LSB 1428YH 76 4 6 lh/sc/14.2
Text: HF00309 Text: HF00311 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: House Bills and Amendments (76th General Assembly)
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Mon Mar 4 09:34:06 CST 1996
URL: /DOCS/GA/76GA/Legislation/HF/00300/HF00310/950308.html
jhf