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F I S C A L I M P A C T R E P O R T





SPONSOR: Sandoval DATE TYPED: 02/28/01 HB 785
SHORT TITLE: Registration of Political Committees SB
ANALYST: Woodlee


APPROPRIATION



Appropriation Contained
Estimated Additional Impact
 Recurring

or Non-Rec

 Fund

Affected

FY01 FY02 FY01 FY02
NFI NFI NFI NFI NFI NFI



(Parenthesis ( ) Indicate Expenditure Decreases)





SOURCES OF INFORMATION



Secretary of State

LFC Files



SUMMARY



Synopsis of Bill



House Bill 785 changes the threshold of reporting to the Secretary of State by requiring any political committee that receives, contributes or expends in excess of five hundred dollars ($500) to register with the Secretary of State.



Significant Issues



Currently, statute specifies that it is unlawful for a political committee to receive, contribute or expend in excess of two thousand dollars ($2,000) for a political purpose unless the committee appoints a treasurer and registers with the Secretary of State. This bill would lower the threshold to five hundred dollars ($500). The committee must register within ten days of receiving, contributing or expending the funds.



FISCAL IMPLICATIONS



There is no appropriation or significant fiscal implication associated with this bill.



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