Bill > SB42

This bill proposes several changes to the Campaign Reporting Act in New Mexico: 1. It expands the definition of "expenditure" to include expenditures made by a campaign committee, political committee, or candidate to pay for advertisements referring to a candidate or ballot question. 2. It requires campaign committees and political committees that make certain telephone calls or electronic communications to disclose the name of the organization that authorized or paid for the communication. 3. It modifies the reporting requirements for independent expenditures, including changing the term "contribution" to "donation" and specifying what types of payments are not considered donations. 4. It changes the filing deadlines and requirements for campaign finance reports, including requiring reports to be filed no later than the next business day if the due date falls on a state holiday. 5. It prohibits candidates from using campaign funds to repay loans that include interest and specifies that certain funds cannot be used in state election campaigns. 6. It adds additional required information in campaign finance reports, such as the terms of any loans a candidate makes to their campaign committee. 7. It places restrictions on fundraising by certain officeholders and candidates during legislative sessions, including limits on the amount and source of contributions that can be accepted during those periods.

Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=42&year=23