§1056-D. Limits on contributions to separate segregated fund committees
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE 1/01/23)
1. Contributions by individuals. An individual may not make contributions to a separate segregated fund committee aggregating more than $5,000 in a calendar year. Beginning December 1, 2023, contribution limits under this subsection are adjusted every 2 years based on the Consumer Price Index as reported by the United States Department of Labor, Bureau of Labor Statistics and rounded to the nearest amount divisible by $25. The commission shall post the current contribution limit and the amount of the next adjustment and the date that it will become effective on its publicly accessible website and include this information with any publication to be used as a guide for candidates.
[PL 2021, c. 607, §3 (AMD); PL 2021, c. 607, §5 (AFF).]2. Contributions by business entities. Except as provided in paragraph A, a business entity may not make contributions to a separate segregated fund committee. For purposes of this subsection, “business entity” includes a firm, partnership, corporation, incorporated association, labor organization or other organization, whether organized as a for-profit or a nonprofit entity.
A. The corporation, membership organization, cooperative or labor or other organization that established the separate segregated fund committee, referred to in this paragraph as “the parent entity,” may contribute the paid staff time of its employees and independent contractors to establish the committee and to provide fundraising and administrative services directly to the committee. The parent entity may also provide the separate segregated fund committee with the use of offices, telephones, computers and similar equipment. [PL 2021, c. 607, §4 (AMD); PL 2021, c. 607, §5 (AFF).] [PL 2021, c. 607, §4 (AMD); PL 2021, c. 607, §5 (AFF).]
SECTION HISTORY
PL 2021, c. 274, §12 (NEW). PL 2021, c. 274, §13 (AFF). PL 2021, c. 607, §§3, 4 (AMD). PL 2021, c. 607, §5 (AFF).