Attorney General No.
Secretary of State No.
CAMPAIGN FUNDS. INITIATIVE STATUTE. Permits contributions only by political parties and individuals eligible to register to vote. Contributions and expenditures must be made through an account established by Secretary of State, who must publish on the Internet: the contributor's name and city of residence, contribution amount, and candidate benefited. Funds remaining after defeat in campaign or upon death or resignation of candidate or officeholder become personal property of candidate, officeholder, his or her estate, or assigns. Interest generated by accounts with Secretary of State shall defray a portion of administration costs. Any other financial assistance to candidate punishable as bribery. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This measure would have the following major fiscal effect: Net state cost annually of about $2 million to administer political contribution funds.
Charles St. George Holden, 369 Pine Street, Suite 600, San Francisco, CA 94104, (415) 398-7878
Failed to Qualify
CAMPAIGN FUNDS. INITIATIVE STATUTE. California Initiative 986 (2003).