HP0421, LD 583, item 1 , An Act Relating to Political Action Committees

An Act Relating to Political Action Committees

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 21-A MRSA §1052, sub-§1-A is enacted to read:

1-A. Candidate political action committee. "Candidate political action committee" is a political action committee that makes contributions or expenditures for the purpose of influencing the nomination or election of a person to political office.

Sec. 2. 21-A MRSA §1056-C is enacted to read:

§ 1056-C. Contribution limits

Contributions to a candidate political action committee are limited as described in this section.

1. One thousand dollar limit. A person who is not a political action committee may not contribute more than $1,000 to any one candidate political action committee per 2-year election cycle.

2. Ten thousand dollar limit. A person who is not a political action committee may not contribute more than a total of $10,000 to candidate political action committees per 2-year election cycle.

3. Twenty-five thousand dollar limit. A political action committee may not contribute more than a total of $25,000 to candidate political action committees per 2-year election cycle.

4. For-profit corporation. A for-profit corporation may not contribute to candidate political action committees.

This section may not be construed as establishing contribution limits on political action committees or ballot question committees that do not make contributions or expenditures for the purpose of influencing the nomination or election of a person to political office.

summary

This bill defines "candidate political action committee." The bill also limits the amount a person may contribute to a candidate political action committee during a 2-year election cycle, limits the aggregate amount that a person may give to candidate political action committees during a 2-year election cycle, limits the aggregate amount that a political action committee may give to candidate political action committees during a 2-year election cycle and prohibits for-profit corporations from contributing to candidate political action committees.

HP0421 LD 583	First Regular Session - 124th Legislature - Text: MS-Word, RTF or PDF		LR 1223 Item 1
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