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NM HB208

NM HB208
Public Financing Of Legislative Races


summary

Introduced
01/20/2016
In Committee
01/20/2016
Crossed Over
Passed
Dead
02/18/2016

Introduced Session

2016 Regular Session

Bill Summary

Public Financing Of Legislative Races

AI Summary

This bill amends the "Voter Action Act" to expand public financing to legislative races, defining terms like "contribution" to include gifts, loans, or advances made to support or oppose a candidate, and "coordinated expenditure" as a campaign expense made in conjunction with a candidate's campaign. It requires candidates seeking public financing to declare their intent to participate and comply with contribution and expenditure limits, and it modifies the number of "qualifying contributions" (small donations of $5 from registered voters) needed to become a "certified candidate" (a candidate who chooses public financing). The bill also clarifies that public funds cannot be used for personal expenses, contributions to other campaigns, or to retire debt, and it outlines stricter reporting requirements for all candidates and committees involved in races with certified candidates, with penalties for violations including civil fines and potential criminal prosecution for willful violations.

Sponsors (1)

Last Action

[LD 2] Action postponed indefinitely (on 01/20/2016)

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