SLS 10RS-835 ORIGINAL Page 1 of 5 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 333 BY SENATOR HEBERT CAMPAIGN FINANCE. Limits the amount of money spent on election campaigns. (1/31/12) AN ACT1 To amend and reenact R.S. 18:1483(3)(a) and 1505.2(I)(1), and to enact R.S.2 18:1505.2(I)(6), relative to campaign finance; to provide with regard to campaign3 contributions to candidates for certain elective offices; and to provide for related4 matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 18:1483(3)(a) and 1505.2(I)(1) are hereby amended and reenacted,7 and R.S. 18:1505.2(I)(6) is hereby enacted, to read as follows: 8 §1483. Definitions9 As used in this Chapter, the following terms shall have the meanings herein10 given to each unless the context clearly indicates otherwise:11 * * *12 (3)(a) "Candidate" means a person who seeks nomination or election to13 public office, except the office of president or vice president of the United States,14 presidential elector, delegate to a political party convention, United States senator,15 United States congressman, or political party office; except that for purposes of16 R.S. 18:1505.2(I)(6), "candidate" shall also mean a person who seeks17 SB NO. 333 SLS 10RS-835 ORIGINAL Page 2 of 5 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. nomination or election to the office of United States senator or United States1 congressman. An individual shall be deemed to seek nomination or election to such2 office if he has:3 (i) Since prior participation in an election, if any, received and accepted a4 contribution or made an expenditure, or has given his consent for any other person5 or committee to receive a contribution or make an expenditure with a view to6 influencing his nomination or election to office whether or not the specific public7 office for which he will be a candidate is known at the time the contribution is8 received or the expenditure is made, or9 (ii) Taken the action necessary under the laws of the state of Louisiana to10 qualify himself for nomination or election to public office.11 * * *12 §1505.2. Contributions; expenditures; certain prohibitions and limitations13 * * *14 I.(1) On and after January 1, 1991, contributions Contributions received by15 a candidate or a political committee may be expended for any lawful purpose, but16 such funds shall not be used, loaned, or pledged by any person for any personal use17 unrelated to a political campaign or the holding of a public office or party position;18 or, in the case of a political committee, other than a candidate's principal campaign19 committee or subsidiary committee, the administrative costs or operating expenses20 of the political committee;, except that:21 (a) excess Excess campaign funds may be returned to contributors on a pro22 rata basis, given as a charitable contribution as provided in 26 USC 170(c), given to23 a charitable organization as defined in 26 USC 501(c)(3), expended in support of or24 in opposition to a proposition, political party, or candidacy of any person, or25 maintained in a segregated fund for use in future political campaigns or activity26 related to preparing for future candidacy to elective office.27 However, the (b) The use of campaign funds of a candidate or his principal28 or subsidiary committees to reimburse a candidate for expenses related to his29 SB NO. 333 SLS 10RS-835 ORIGINAL Page 3 of 5 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. political campaign or his holding of a public office or party position shall not be1 considered personal use by the candidate.2 (c) If a candidate is required by state or federal law to pay taxes on the3 interest earned by campaign funds of the candidate or any political committee of the4 candidate, the candidate may use the interest on which such tax is paid for such5 purpose.6 (d) A payment from campaign funds shall not be considered as having been7 spent for personal use when the funds are used to replace articles lost, stolen, or8 damaged in connection with the campaign.9 * * *10 (6) Excess contributions. (a) Fifty percent of all campaign contributions11 from whatever source received by a candidate for the following offices that are12 in excess of the following amounts shall be equally distributed among all other13 candidates qualified in the election:14 (i) Governor - one million dollars15 (ii) United States senator - one million dollars16 (iii) Major office, other than governor - five hundred thousand dollars17 (iv) United States congressman - five hundred thousand dollars18 (v) State senator - one hundred fifty thousand dollars19 (vi) State representative - fifty thousand dollars20 (b) The excess contributions provided for in Subparagraph (a) of this21 Paragraph shall be tendered by the candidate or the candidate's principal22 campaign committee to the Supervisory Committee on Campaign Finance23 within ten calendar days of receipt or within three calendar days of the election,24 whichever is sooner. The supervisory committee shall immediately upon receipt25 deposit such funds into a special account designated for that purpose, out of26 which shall be drawn funds for equal distribution among the other qualified27 candidates in the election. Such funds are to be tendered by the supervisory28 committee to the other candidates within three days of deposit into the account29 SB NO. 333 SLS 10RS-835 ORIGINAL Page 4 of 5 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. designated for that purpose by the supervisory committee.1 (c) For purposes of this Paragraph, "equally" and "equal" shall mean2 as equal as practicable under all circumstances in the discretion of the3 supervisory committee.4 * * *5 Section 2. This Act shall become effective on January 31, 2012; if vetoed by the6 governor and subsequently approved by the legislature, this Act shall become effective on7 January 31, 2012, or on the day following such approval by the legislature, whichever is8 later.9 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Alden A. Clement, Jr. DIGEST Present law relative to campaign finance defines "candidate" as a person who seeks nomination or election to public office, except the office of president or vice president of the United States, presidential elector, delegate to a political party convention, United States senator, United States congressman, or political party office. Proposed law retains the definition in present law, and further provides that for purposes of proposed law, "candidate" also means a person who seeks nomination or election to the office of United States senator and United States congressman. Proposed law provides that 50% of all campaign contributions from whatever source received by a candidate for the following offices that are in excess of the following amounts are to be equally distributed among all other candidates qualified in the election: 1. Governor - $1,000,000 2. United States senator - $1,000,000 3. Major office, other than governor - $500,000 4. United States congressman - $500,000 5. State senator - $150,000 6. State representative - $50,000 Proposed law further provides that the excess contributions provided for by proposed law are to be tendered by the candidate or the candidate's principal campaign committee to the Supervisory Committee on Campaign Finance (the Board of Ethics) within 10 calendar days of receipt or within three calendar days of the election, whichever is sooner. Proposed law provides that the supervisory committee is to immediately upon receipt deposit such funds into a special account designated for that purpose, out of which will be drawn funds for equal distribution among the other qualified candidates in the election. SB NO. 333 SLS 10RS-835 ORIGINAL Page 5 of 5 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Proposed law provides that such funds are to be tendered by the supervisory committee to the other candidates within three days of deposit into the account designated for that purpose by the supervisory committee. Proposed law provides that for purposes of proposed law, "equally" and "equal" mean as equal as practicable under all circumstances in the discretion of the supervisory committee. Effective January 31, 2012. (Amends R.S. 18:1483(3)(a) and 1505.2(I)(1); adds R.S. 18:1505.2(I)(6))