Attorney General No.
Secretary of State No.
CAMPAIGN CONTRIBUTIONS. INITIATIVE STATUTE. Amends Political Reform Act of 1974 by adding provisions: (1) Prohibiting a candidate, or a committee controlled by a candidate, from contributing previously contributed campaign funds to any other candidate or controlled committee. (2) Requiring transfer of all surplus funds on hand at the time an officeholder leaves office, or on hand at time a candidate ceases to be a candidate, to the general fund of the agency for which the officeholder was elected or sought election. (3) Setting forth additional statutorily declared findings, declarations, and purposes regarding campaign contributions and other matters. Fiscal impact on state and local governments: The adoption of this measure could result in an unknown but potentially substantial increase in state and local government revenues. There would be no direct impact on governmental costs.
Elizabeth Snyder, 98 Fremont Place, Los Angeles, Ca 90005
Failed to Qualify
Campaign Contributions California Initiative 275 (1981).