Attorney General No.
Secretary of State No.
CANDIDATES. CAMPAIGN FINANCES. GIFTS. INITIATIVE STATUTE. Amends Political Reform Act to: require elected officials resign present office before filing nomination documents for different elected office; require campaign contributions be spent solely for actual expenses incurred during campaign; require transfer of surplus campaign funds to State Controller at conclusion of candidacy; prohibit making or receiving campaign contributions exceeding $25 from single source in any fiscal year except by candidate to own campaign; prohibit candidates from incurring new campaign debt in excess of available funds; prohibit elected officeholders from accepting gifts, honoraria, or nongovernmental reimbursement for travel or subsistence; modify enforcement provisions. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Would result in unknown net fiscal impact on state and local governments.
Gareth W. Neumann, 1660 Sheridan Road, Glendale, Ca 91206
Failed to Qualify
Candidates. Campaign Finances. Gifts. California Initiative 488 (1989).