Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas
2 94th General Assembly A Bill
3 Regular Session, 2023 HOUSE BILL 1597
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5 By: Representative Ray
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7 For An Act To Be Entitled
8 AN ACT TO MODIFY THE DISBURSEMENT OF CAMPAIGN FUNDS
9 AT THE CONCLUSION OF A CAMPAIGN; TO AMEND THE LAW
10 CONCERNING CAMPAIGN FINANCE; TO AMEND PORTIONS OF
11 INITIATED ACT 1 OF 1990 AND INITIATED ACT 1 OF 1996;
12 AND FOR OTHER PURPOSES.
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15 Subtitle
16 TO MODIFY THE DISBURSEMENT OF CAMPAIGN
17 FUNDS AT THE CONCLUSION OF A CAMPAIGN; TO
18 AMEND THE LAW CONCERNING CAMPAIGN
19 FINANCE; AND TO AMEND PORTIONS OF
20 INITIATED ACT 1 OF 1990 AND INITIATED ACT
21 1 OF 1996.
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24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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26 SECTION 1. Arkansas Code § 7-6-203(g)(1), concerning contributions,
27 limitations, acceptance or solicitation, use as personal income, and
28 disposition, effective January 1, 2023, and resulting from Initiated Act 1 of
29 1990 and Initiated Act 1 from 1996, is amended to read as follows:
30 (g)(1) A candidate may turn over campaign funds to either:
31 (A) The Treasurer of State for the benefit of the General
32 Revenue Fund Account of the State Apportionment Fund;
33 (B) A political party as defined in § 7-1-101 or a
34 political party caucus of the General Assembly, the Senate, or the House of
35 Representatives;
36 (C) A nonprofit organization An entity that is exempt from
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 HB1597
1 taxation under:
2 (i) Section 501(c)(3) of the Internal Revenue Code;
3 (ii) Section 501(c)(4) of the Internal Revenue Code;
4 or
5 (iii) Section 501(c)(6) of the Internal Revenue
6 Code;
7 (D) Cities of the first class, cities of the second class,
8 or incorporated towns; or
9 (E) The contributors to the candidate's campaign;
10 (F) A ballot question committee;
11 (G) An independent expenditure committee; or
12 (H) A political action committee.
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Statutes affected:
HB 1597: 7-6-203(g)