Colorado Legislative Council Staff
NO FISCAL IMPACT
January 28, 1998
Scott Nachtrieb (866-4752)
TITLE: CONCERNING CONTRIBUTIONS TO CANDIDATE COMMITTEES, AND, IN CONNECTION THEREWITH, SPECIFYING THAT A CANDIDATE COMMITTEE MAY ACCEPT CONTRIBUTIONS PRIOR TO THE FILING OF A CANDIDATE AFFIDAVIT AND AUTHORIZING CERTAIN ADDITIONAL USES OF UNEXPENDED CAMPAIGN CONTRIBUTIONS.
Summary of Assessment
The bill would change the definition of a candidate so that a person would remain a candidate for an undesignated office following an election and prior to filing a candidate affidavit for a particular office as long as the candidate maintains a registered candidate committee. A candidate committee would be allowed to accept contributions following an election and prior to filing a candidate affidavit for a particular office at the next election subject to contribution limits. Contributions in excess of limits would be returned to the contributor and a candidate not seeking another office would be required to disburse remaining funds pursuant to the provisions covering unexpended campaign contributions.
Officeholders would be able to use unexpended contributions for voter registration, political education, scholarships, defraying expenditures related to mailings and similar communications to constituents, and any expenses directly related to the officeholder’s official duties. The amount of unexpended campaign contributions retained by a candidate committee, for use in a subsequent election cycle, would be determined from the amount held by the committee on the last day of the month in which the election was held, as shown on the candidate committee report filed 30 days after the election.
The bill regulates the conduct of a candidate regarding contributions the candidate may receive. The bill does not change the number of reports filed with the Secretary of State. This would not increase or decrease revenues or expenditures to any state or local government. Therefore, this bill is assessed as having no fiscal impact.
Secretary of State