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CALIFORNIA FAIR ELECTIONS ACT.

• This act repeals the ban on public funding of political campaigns.
• Creates a voluntary system for candidates for Secretary of State to qualify for a public campaign grant if they agree to limitations on spending and private contributions.
• Candidates would have to qualify before receiving the grant.
• Candidates who demonstrate sufficient public support would receive the same amount.
• Participating candidates would be prohibited from raising or spending money beyond the grant.
• There would be strict enforcement and accountability with published reports open to the public.
• Funded by voluntary contributions and a biennial fee on lobbyists, lobbying firms, and lobbyist employers.

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

• Increased revenues (mostly from charges on lobbyists, lobbying firms, and lobbyist employers) totaling over $6 million every four years. These funds would be spent on public financing for campaigns of Secretary of State candidates for the 2014 and 2018 elections.

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FINAL VOTES CAST BY THE LEGISLATURE ON AB 583 (PROPOSITION 15)
(Chapter 735, Statutes of 2008)

Senate:	Ayes 21	Noes 18

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Assembly:	Ayes 42	Noes 32