Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
February 13, 2024
The Honorable Pat Proctor, Chairperson
House Committee on Elections
300 SW 10th Avenue, Room 218-N
Topeka, Kansas 66612
Dear Representative Proctor:
SUBJECT: Fiscal Note for HB 2535 by House Committee on Elections
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2535 is
respectfully submitted to your committee.
HB 2535 would delete current law prohibiting political funds that are subject to reporting
requirements of the Campaign Finance Act from being used for a campaign for federal elective
office. The bill would also prohibit a person from making or accepting cryptocurrency
contributions for any candidate or candidate committee and for any political committee or party
committee.
The Governmental Ethics Commission indicates HB 2535 could have a fiscal effect if a
cryptocurrency contribution triggered an investigation. However, the agency could not estimate a
fiscal effect. The Secretary of State states the bill would not have fiscal effect on the agency’s
operations. Any fiscal effect associated with HB 2535 is not reflected in The FY 2025 Governor’s
Budget Report.
The Kansas Association of Counties provides HB 2535 would not have fiscal effect.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Jay Hall, Kansas Association of Counties
Mark Skoglund, Governmental Ethics Commission
Sandy Tompkins, Office of the Secretary of State