Revision: Jan. 6, 2016, midnight
\t \t\tSB 458-FN - AS INTRODUCED
2016 SESSION
\t16-2832
\t03/09
SENATE BILL\t458-FN
AN ACT\trelative to reporting by political committees.
SPONSORS:\tSen. Sanborn, Dist 9; Sen. Carson, Dist 14; Sen. Feltes, Dist 15; Sen. Fuller Clark, Dist 21; Sen. Reagan, Dist 17
COMMITTEE:\tPublic and Municipal Affairs
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ANALYSIS
\tThis bill requires political committees to file itemized statements earlier than is required under current law.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2832
\t03/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to reporting by political committees.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Reporting by Political Committees. Amend RSA 664:6, I to read as follows:
\t\tI. Any political committee whose receipts or expenditures exceed $500 [except, for the purposes of this paragraph only, the political committee of a political party or the political committee of a candidate,] shall file with the secretary of state an itemized statement in the form prescribed by the secretary of state, signed by its chairman and treasurer showing each of its receipts exceeding $25 with the full name and postal address of the contributor in alphabetical order and the amount of the contribution, the date it was received, and the aggregate total for each election for each contributor of over $100. [The statement] Statements shall be filed not later than the first Wednesday in April, July, October, and January after the state general election and before the filing deadline established in RSA 655:14, after which statements shall be filed no later than the Wednesday 12 weeks immediately preceding a primary election, before 5 o'clock in the afternoon, and shall cover the period from the day of the committee registration up to and including the Monday before the statement is due. All receipts of $25 or under shall appear on the statements as unitemized receipts. Any listing that exceeds an individual's aggregate total of $100 for each election shall be accompanied by the contributor's occupation including official job title, the name of the contributor's employer, and the city or town of the contributor's principal place of business, if any. The statement shall also show each committee expenditure exceeding $25 with the full name and postal address of the payee or promise of payment, the date paid or obligated, and the election for which the expenditure was made, with the specific nature and amount of each expenditure since the date of the registration.
\t2 Effective Date. This act shall take effect January 1, 2017.
\t\t\t\t\t\t\t\t\t\t\t16-2832
\t\t\t\t\t\t\t\t\t\t\t12/17/15
SB 458-FN- FISCAL NOTE
AN ACT\trelative to reporting by political committees.
FISCAL IMPACT:
The Department of State states this bill, as introduced, may increase state expenditures by an indeterminable amount in FY 2017. There will be no fiscal impact to state, county, and local revenue or county and local expenditures.
METHODOLOGY:
The Department of State states this bill requires additional receipt and expenditure reports of political committees to be filed quarterly after an election cycle is over and before the filing period for the next election cycle begins. The Department states the on-line campaign finance system software would need a one-time programming update to accommodate the change. The Department is unable to estimate how much this change would cost.