The Senate approved SB 1494/HB 674 Wednesday by a 24-6 vote to revise campaign finance laws. According to the summary of the amended version of the bill, under present law, no candidate for an office elected by statewide election may accept in the aggregate more than 50 percent of the candidate’s total contributions from multicandidate political campaign committees, and no candidate for any other state or local public office may accept in the aggregate more than $75,000 from multicandidate political campaign committees. Under this bill, as amended, a candidate for state or local office (not elected by statewide election) could exceed the present $75,000 limit on total contributions from multicandidate political campaign committees if no more than 50 percent of the candidate’s total contributions are from multicandidate political campaign committees. This provision would apply to contributions received on or after the effective date of this bill. This amendment would also direct the Registry of Election Finance to study the feasibility of an electronic system regarding financial disclosure by posting on a state Web site. The Registry would report its results to the Senate and House State and Local Government Committees by February 1,
2003.

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