Text: SSB01128 Text: SSB01130 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 56.3, subsection 1, Code 2003, is 1 2 amended to read as follows: 1 3 1. a. Every candidate's committee shall appoint a 1 4 treasurer who shall be an Iowa resident who has reached the 1 5 age of majority. Every political committee, state statutory 1 6 political committee, and county statutory political committee 1 7 shall appoint both a treasurer and a chairperson, each of whom 1 8 shall have reached the age of majority. 1 9 b. Every candidate's committee shall maintain all of the 1 10 committee's funds in bank accounts in a financial institution 1 11 located in Iowa. Every political committee, state statutory 1 12 political committee, and county statutory political committee 1 13 shall either have an Iowa resident as treasurer or maintain 1 14 all of the committee's funds in bank accounts in a financial 1 15 institution located in Iowa. 1 16 c. An expenditure shall not be made by the treasurer or 1 17 treasurer's designee for or on behalf of a committee without 1 18 the approval of the chairperson of the committee, or the 1 19 candidate. Expenditures shall be remitted to the designated 1 20 recipient within fifteen days of the date of the issuance of 1 21 the payment. 1 22 Sec. 2. Section 56.5, subsection 2, paragraph d, Code 1 23 2003, is amended by striking the subsection. 1 24 Sec. 3. Section 56.6, subsections 2 and 5, Code 2003, are 1 25 amended to read as follows: 1 26 2. If any committee, after having filed a statement of 1 27 organization or one or more disclosure reports, dissolves or 1 28 determines that it shall no longer receive contributions or 1 29 make disbursements,the treasurer ofthe committee shall 1 30 notify the board within thirty days following such dissolution 1 31 by filing a dissolution report on forms prescribed by the 1 32 board. Moneys refunded in accordance witha dissolution1 33statementsections 56.41 and 56.42 shall be considered a 1 34 disbursement or expense but the names of persons receiving 1 35 refunds need not be released or reported unless the 2 1 contributors' names were required to be reported when the 2 2 contribution was received. 2 3 5. a. A committee shall not dissolve until all loans, 2 4 debts and obligations are paid, forgiven, or transferred and 2 5 the remaining money in the account is distributed according to 2 6the organization statementsections 56.41 and 56.42. If a 2 7 loan is transferred or forgiven, the amount of the transferred 2 8 or forgiven loan must be reported as an in-kind contribution 2 9 and deducted from the loans payable balance on the disclosure 2 10 form. If, upon review of a committee's statement of 2 11 dissolution and final report, the board determines that the 2 12 requirements for dissolution have been satisfied, the 2 13 dissolution shall be certified and the committee relieved of 2 14 further filing requirements. 2 15 b. A statutory political committee is prohibited from 2 16 dissolving, but may be placed in an inactive status upon the 2 17 approval of the board. Inactive status may be requested for a 2 18 statutory political committee when no officers exist and the 2 19 statutory political committee has ceased to function. The 2 20 request shall be made by the previous treasurer or chairperson 2 21 of the committee and by the appropriate state statutory 2 22 political committee. A statutory political committee granted 2 23 inactive status shall not solicit or expend funds in its name 2 24 until the committee reorganizes and fulfills the requirements 2 25 of a political committee under this chapter. 2 26 Sec. 4. Section 56.13, Code 2003, is amended by striking 2 27 the section and inserting in lieu thereof the following: 2 28 56.13 INDEPENDENT EXPENDITURES. 2 29 The board shall adopt rules pursuant to chapter 17A 2 30 defining independent expenditures and relating to the 2 31 reporting of independent expenditures. 2 32 Sec. 5. Section 56.20, Code 2003, is amended to read as 2 33 follows: 2 34 56.20 RULES PROMULGATED. 2 35 Thedirector of revenue and finance, in co-operation with3 1the director of the department of management and theethics 3 2 and campaign disclosure board,shall administer the provisions 3 3 of sections 56.18 to 56.26 andtheyshall promulgate all 3 4 necessary rules in accordance with chapter 17A. 3 5 Sec. 6. Section 56.22, subsection 2, Code 2003, is amended 3 6 to read as follows: 3 7 2. Funds distributed to statutory political committees 3 8 pursuant to this chapter shall not be used to expressly 3 9 advocate the nomination, election, or defeat of any candidate 3 10 during the primary election. Nothing in this subsection shall 3 11 be construed to prohibit a statutory political committee from 3 12 using such funds to pay expenses incurred in arranging and 3 13 holding a nominating convention. 3 14 Sec. 7. Section 56.23, Code 2003, is amended to read as 3 15 follows: 3 16 56.23 FUNDS – CAMPAIGN EXPENSES ONLY. 3 17 1. The chairperson of the state statutory political 3 18 committee shall produce evidence tothe director of revenue3 19and finance andthe ethics and campaign disclosure board not 3 20 later than the twenty-fifth day of January each year, that all 3 21 income tax checkoff funds expended for campaign expenses have 3 22 been utilized exclusively for campaign expenses. 3 23 2. The ethics and campaign disclosure board shall issue, 3 24 prior to the payment of any money, guidelineswhichthat 3 25 explain which expenses and evidence thereof qualify as 3 26 acceptable campaign expenses. 3 27 3. Should the ethics and campaign disclosure boardand the3 28director of revenue and financedetermine that any part of the 3 29 funds have been used for noncampaign or improper expenses, 3 30theythe board may order the political party or the candidate 3 31 to return all or any part of the total funds paid to that 3 32 political party for that election. When such funds are 3 33 returned, they shall be deposited in the general fund of the 3 34 state. 3 35 Sec. 8. Section 56.43, subsection 1, Code 2003, is amended 4 1 to read as follows: 4 2 1. a. Equipment, supplies, or other materials purchased 4 3 with campaign funds or received in-kind are campaign property. 4 4 b. Campaign property belongs to the candidate's committee 4 5 and not to the candidate. 4 6 c. Campaign propertywhichthat has a value of five 4 7 hundred dollars or more at the time it is acquired by the 4 8 committee shall be separately disclosed as committee inventory 4 9 on reports filed pursuant to section 56.6, including a 4 10 declaration of the approximate current value of the property. 4 11SuchThe campaign property shall continue to be reported as 4 12 committee inventory until it is disposed of by the committee 4 13 or until the property has been reported once as having a 4 14 residual value of less than one hundred dollars.However,4 15consumable4 16 d. Consumable campaign property is not required to be 4 17 reported as committee inventory, regardless of the initial 4 18 value of the consumable campaign property. "Consumable 4 19 campaign property", for purposes of this section, means 4 20 stationery, yard signs, and other campaign materialswhich4 21 that have been permanently imprinted to be specific to a 4 22 candidate or election. 4 23 Sec. 9. CODE EDITOR DIRECTIVE. The Code editor shall move 4 24 and renumber chapter 56 as chapter 68A, and shall change all 4 25 references to chapter 56 appropriately throughout the Code. 4 26 EXPLANATION 4 27 This bill makes changes to various provisions in Code 4 28 chapter 56, relating to campaign finance. 4 29 The statutory political committees, more commonly known as 4 30 party committees, are expressly directed to appoint a chair 4 31 and treasurer, and maintain campaign funds in a financial 4 32 institution via changes to Code section 56.3. 4 33 Elimination of a paragraph in Code section 56.5 removes the 4 34 requirement for committees to declare on an initial statement 4 35 of organization how residual campaign funds will be disbursed. 5 1 A related change is made to Code section 56.6 to remove a 5 2 reference to the organization statement, and to refer to the 5 3 Code sections that provide specific options for disbursing 5 4 residual funds. 5 5 The bill strikes current Code section 56.13 relating to 5 6 independent expenditures, and replaces it with a provision 5 7 allowing the Iowa ethics and campaign disclosure board to 5 8 adopt rules defining independent expenditures and providing 5 9 for reporting. 5 10 The bill makes several changes to Code sections pertaining 5 11 to the Iowa election campaign fund income tax checkoff, 5 12 including placing all administrative responsibility for rules 5 13 and enforcement for the checkoff with the board. 5 14 The bill amends Code section 56.43 expressly to provide 5 15 that campaign property having a value of less than $100 need 5 16 only be reported once. 5 17 The bill also contains a directive to the Code editor to 5 18 designate Code chapter 56 as 68A, placing it numerically next 5 19 to the government ethics and lobbying chapter. 5 20 LSB 1162DP 80 5 21 jj/cf/24
Text: SSB01128 Text: SSB01130 Text: SSB01100 - SSB01199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
© 2003 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 6 02:30:33 CST 2003
URL: /DOCS/GA/80GA/Legislation/SSB/01100/SSB01129/030305.html
jhf