Text: S03463                            Text: S03465
Text: S03400 - S03499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

Senate Amendment 3464

Amendment Text

PAG LIN
  1  1    Amend House File 697, as amended, passed, and
  1  2 reprinted by the House, as follows:
  1  3    #1.  Page 3, by striking lines 2 through 32, and
  1  4 inserting the following:
  1  5    "2.  a.  A contribution shall be deposited in the
  1  6 account maintained by the committee within thirty days
  1  7 of initial receipt of the contribution by the
  1  8 candidate or the committee.  An individual who
  1  9 receives contributions for a committee without the
  1 10 prior authorization of the chairperson of the
  1 11 committee or the candidate shall be responsible for
  1 12 either rendering the contributions to the treasurer
  1 13 within fifteen days of the date of receipt of the
  1 14 contributions, who shall deposit the contribution in
  1 15 the account maintained by the committee, or for
  1 16 depositing the contributions in the account maintained
  1 17 by the committee within seven days of the date of
  1 18 receipt of the contributions, but the contribution
  1 19 must be deposited within the thirty-day period.
  1 20    b.  A person who receives contributions for a
  1 21 committee shall, not later than fifteen days from the
  1 22 date of receipt of the contributions or on demand of
  1 23 the treasurer, render to the treasurer the
  1 24 contributions and an account of the total of all
  1 25 contributions, including the name and address of each
  1 26 person making a contribution in excess of ten dollars,
  1 27 the amount of the contributions, and the date on which
  1 28 the contributions were received.  The treasurer shall
  1 29 deposit all contributions within seven days of receipt
  1 30 by the treasurer in an account maintained by the
  1 31 committee.
  1 32    c.  All funds of a committee shall be segregated
  1 33 from any other funds held by officers, members, or
  1 34 associates of the committee or the committee's
  1 35 candidate.  However, if a candidate's committee
  1 36 receives contributions only from the candidate, or if
  1 37 a permanent organization temporarily engages in
  1 38 activity which qualifies it as a political committee
  1 39 and all expenditures of the organization are made from
  1 40 existing general operating funds and funds are not
  1 41 solicited or received for this purpose from sources
  1 42 other than operating funds, then that committee is not
  1 43 required to maintain a separate account in a financial
  1 44 institution.
  1 45    d.  The funds of a committee are not attachable for
  1 46 the personal debt of the committee's candidate or an
  1 47 officer, member, or associate of the committee."
  1 48    #2.  Page 4, by striking lines 16 through 25, and
  1 49 inserting the following:
  1 50    "f.  The total amount of proceeds Proceeds from any
  2  1 fund-raising event. Contributions and sales at fund-
  2  2 raising events which involve the sale of a product
  2  3 acquired at less than market value and sold for an
  2  4 amount of money in excess of the amount specified in
  2  5 paragraph "b" of this subsection shall be designated
  2  6 separately from reported with other monetary
  2  7 contributions reported under paragraph "b".  Products
  2  8 donated for sale at the fund-raising event shall be
  2  9 reported with other in-kind and monetary contributions
  2 10 and the report shall include the name and address of
  2 11 the donor, a description of the product, the market
  2 12 value of the product, the sales price of the product,
  2 13 and the name and address of the purchaser reported
  2 14 under paragraph "d"."
  2 15    #3.  Page 5, by striking lines 23 through 31, and
  2 16 inserting the following:
  2 17    "1.  A candidate and the candidate's committee
  2 18 shall use campaign funds only for campaign purposes,
  2 19 educational and other expenses associated with the
  2 20 duties of office, or constituency services, and shall
  2 21 not use campaign funds for personal expenses or
  2 22 personal benefit.  The purchase of subscriptions to
  2 23 newspapers from or which circulate within the area
  2 24 represented by the office which a candidate is seeking
  2 25 or holds is presumed to be an expense that is
  2 26 associated with the duties of the campaign for and
  2 27 duties of office.  The candidate and the candidate's
  2 28 committee shall, in reports filed with the board,
  2 29 explain each expenditure of funds, but need not
  2 30 categorize each expenditure as for campaign purposes,
  2 31 educational expense, an expense associated with the
  2 32 duties of office, or for constituency services.  Board
  2 33 review of the explanations pursuant to section
  2 34 68B.32A, subsection 3, shall be limited to confirming
  2 35 that the explanation describes a permitted use of
  2 36 campaign funds under this division."
  2 37    #4.  Page 5, by striking lines 32 and 33.
  2 38    #5.  Page 9, lines 22 and 23, by striking the words
  2 39 "rules adopted by" and inserting the following:
  2 40 "rules, policies, and procedures of".
  2 41    #6.  By renumbering, relettering, redesignating, or
  2 42 correcting internal references as necessary.  
  2 43 
  2 44 
  2 45                               
  2 46 ROD HALVORSON 
  2 47 HF 697.501 77
  2 48 jls/jw/28
     

Text: S03463                            Text: S03465
Text: S03400 - S03499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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