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F I S C A L I M P A C T R E P O R T
SPONSOR McCoy
ORIGINAL DATE
LAST UPDATED
2/21/2007
HB 1053
SHORT TITLE
Campaign Reporting Act Exception Statements
SB
ANALYST Moser
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Secretary of State (SOS)
SUMMARY
Synopsis of Bill
House Bill 1053 amends Section 1-19-26 NMSA 1978 (being Laws 1979, Chapter 360, Section
2, as amended to eliminate “Statements of Exception" from the Campaign Reporting Act.
SIGNIFICANT ISSUES
This Bill deletes “statements of exception" from the Campaign Reporting Act. A statement of exception is
defined as:
“Statement of exception" or "statement" means the prescribed form subscribed and sworn
to by a candidate to indicate that the candidate does not intend to raise or expend the
minimum amount required for the filing of a report of expenditures and contributions as
provided in Section 1-19-33NMSA 1978]."
1
1
Section 1-19-26R NMSA 1978