The bill amends existing Arkansas campaign finance laws, specifically those established by Initiated Acts 1 of 1990 and 1996, to clarify and standardize the maximum campaign contribution limits set by the Arkansas Ethics Commission. Key changes include the replacement of the term "level" with "limit" in the context of campaign contributions, and the establishment of a clear process for adjusting the maximum contribution limit based on federal labor statistics. The bill specifies that the maximum contribution limit will be calculated from a base amount of $2,000 as of January 1, 2015, and will be adjusted every odd-numbered year based on the percentage certified by the United States Secretary of Labor.
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 and made available to relevant parties. The bill also includes an emergency clause, emphasizing the need for immediate implementation to ensure clarity in campaign finance laws, which is deemed essential for the public peace, health, and safety. The act will take effect upon approval by the Governor or after the expiration of the veto period.
Statutes affected: Old version HB1369 Original - 2-3-2025 11:22 AM: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)
Old version HB1369 V2 - 2-20-2025 11:25 AM: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)
Old version HB1369 V3 - 3-3-2025 01:51 PM: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)
HB 1369: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)
Act 270: 7-6-203(a), 7-6-203(b), 7-6-203(i), 10-3-309(b), 25-15-202(9)