Official Title and Summary Prepared by the Attorney General
CAMPAIGN CONTRIBUTIONS AND SPENDING. LIMITS. DISCLOSURE.
Legislative Initiative Amendment.

– Limits individual campaign contributions per election: state legislature, $3,000; statewide elective office, $5,000 (small contributor committees may double these limits); governor, $20,000. Limits contributions to political parties/political committees for purpose of making contributions for support or defeat of candidates.

– Establishes voluntary spending limits, requires ballot pamphlet to list candidates who agree to limit campaign spending.

– Expands public disclosure requirements, increases penalties for violations.

– Prohibits lobbyists' contributions to officials they lobby.

– Limits campaign fund transfers between candidates, regulates use of surplus campaign funds.

– Effective 1/1/01, except statewide elective office effective 11/6/02.

Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

– Additional net costs to the state, potentially up to several million dollars annually, to publish candidate statements in the state ballot pamphlet and to implement and enforce provisions of the measure.

– Unknown, but probably not significant, costs to local governments to implement voluntary spending limit provisions of the measure.