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Bill > SB387


NM SB387

NM SB387
Segregated Bank Account


summary

Introduced
02/17/2021
In Committee
03/16/2021
Crossed Over
03/10/2021
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO CAMPAIGN FINANCE; AMENDING THE CAMPAIGN REPORTING ACT; REQUIRING A CONTRIBUTION TO BE DEPOSITED IN A SEGREGATED BANK ACCOUNT TO BE EXEMPT FROM THE INDEPENDENT EXPENDITURE REPORTING REQUIREMENTS.

AI Summary

This bill amends the Campaign Reporting Act to require a contribution to be deposited in a segregated bank account in order to be exempt from the independent expenditure reporting requirements. Specifically, the bill states that a contribution is exempt from reporting if the contributor requested in writing that the contribution not be used for independent or coordinated expenditures or to make contributions to a candidate, campaign committee, or political committee, and the contribution is deposited in a segregated bank account that is not used for those purposes.

Committee Categories

Justice

Sponsors (1)

Last Action

HJC: Reported by committee with Do Pass recommendation (on 03/16/2021)

bill text


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