Senate Study Bill 3067 - Introduced SENATE/HOUSE FILE _____ BY (PROPOSED ETHICS AND CAMPAIGN DISCLOSURE BOARD BILL) A BILL FOR An Act allowing a state or county statutory political committee 1 to establish a building fund to be used for the purposes of 2 establishing and maintaining committee headquarters. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5322DP (4) 85 aw/sc

S.F. _____ H.F. _____ Section 1. Section 68A.402, Code 2014, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 9A. Building funds. A state statutory 3 political committee or a county statutory political committee 4 that has established a building fund as provided in section 5 68A.407 shall file a building fund disclosure report by January 6 31 each year for the period covering January 1 through December 7 31 of the previous year. 8 Sec. 2. NEW SECTION . 68A.407 Building fund. 9 1. A state statutory political committee or a county 10 statutory political committee may establish a building fund 11 for the purpose of collecting monetary contributions for the 12 costs associated with the construction, purchase, lease, 13 or maintenance of an office building or office space to be 14 used for the committee’s headquarters. A committee may also 15 accept in-kind contributions to be used for the committee’s 16 headquarters. Money from a building fund or any other thing of 17 value contributed under this section shall not be contributed 18 directly or indirectly to a candidate or candidate’s committee 19 or to a political committee. Money from a building fund or 20 any other thing of value contributed under this section shall 21 not be used to expressly advocate for or against any clearly 22 identified candidate or ballot issue. 23 2. A state statutory political committee or county 24 statutory political committee shall file a building fund 25 establishment statement with the board within ten days 26 following the establishment of such a fund. 27 3. A state statutory political committee or county 28 statutory political committee that has established a building 29 fund pursuant to this section shall report contributions to 30 and expenditures from the fund, and the fair market value of 31 any in-kind contributions, to the board pursuant to section 32 68A.402, subsection 9A. A committee shall file annual building 33 fund reports with the board until all moneys in the fund 34 have been expended and the committee has filed a notice of 35 -1- LSB 5322DP (4) 85 aw/sc 1/ 3

S.F. _____ H.F. _____ dissolution of the building fund with the board. 1 4. The board shall adopt rules pursuant to chapter 17A to 2 administer this section. 3 Sec. 3. Section 68A.503, subsection 4, Code 2014, is amended 4 by adding the following new paragraph: 5 NEW PARAGRAPH . e. Using its funds to make a monetary or 6 in-kind contribution to a building fund, as provided in section 7 68A.407. 8 EXPLANATION 9 The inclusion of this explanation does not constitute agreement with 10 the explanation’s substance by the members of the general assembly. 11 This bill allows a state statutory political committee 12 or a county statutory political committee to establish a 13 building fund to be used for the purposes of establishing and 14 maintaining a committee headquarters. 15 The bill allows state statutory political committees and 16 county statutory political committees to collect monetary 17 and in-kind contributions for costs associated with the 18 construction, purchase, lease, or maintenance of an office 19 building or office space to be used for the committee’s 20 headquarters. The bill specifies that no money from a building 21 fund or any other thing of value contributed for purposes of 22 a committee’s headquarters may be contributed directly or 23 indirectly to a candidate or candidate’s committee or to a 24 political committee or be used to expressly advocate for or 25 against any clearly identified candidate or ballot issue. The 26 bill further requires that a committee establishing a building 27 fund file an establishment statement with the Iowa ethics and 28 campaign disclosure board and report annually to the board 29 on contributions to and expenditures from the building fund 30 and on the fair market value of any in-kind contributions. 31 A committee shall continue to file annual reports with the 32 board until all moneys in the fund have been expended and 33 the committee notifies the board of the dissolution of the 34 fund. The bill requires that the board adopt rules for the 35 -2- LSB 5322DP (4) 85 aw/sc 2/ 3

S.F. _____ H.F. _____ administration of these provisions. 1 The bill exempts insurance companies, savings associations, 2 banks, credit unions, and corporations from certain 3 restrictions on monetary and in-kind contributions to a 4 building fund. 5 -3- LSB 5322DP (4) 85 aw/sc 3/ 3