The bill amends existing Arkansas campaign finance laws to establish a maximum campaign contribution limit set by the Arkansas Ethics Commission. It replaces the term "level" with "limit" in the context of campaign contributions and updates the base amount for the maximum contribution limit from $2,000 to $3,300, effective January 1, 2025. The bill also outlines that the maximum contribution limit will be adjusted every odd-numbered year based on the percentage certified by the United States Secretary of Labor, ensuring that the limit remains relevant to economic conditions.

Additionally, the bill eliminates the requirement for the Arkansas Ethics Commission to promulgate rules for establishing the maximum campaign contribution limit, instead mandating that the limit be published on the Commission's official website. It clarifies that the established limit is not subject to the Arkansas Administrative Procedure Act, streamlining the process for adjustments. An emergency clause is included, stating that the changes are necessary for the public peace, health, and safety, allowing the act to take effect immediately upon approval by the Governor or under specified conditions if not vetoed.

Statutes affected:
HB 1369: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)