This bill proposes several updates to current statutes regarding political finances. Under the current law, a candidate committee for a city or town candidate is prohibited from transferring contributions to a committee for a statewide or legislative office. The bill modifies this by allowing such transfers, while also stipulating that the aggregate amount transferred from an individual must not exceed the contribution limit for the statewide or legislative office as defined in section 16-941. Additionally, it mandates that every incorporated city, town, or county must adopt financial disclosure standards consistent with existing laws, ensuring that local public officers' financial disclosures are publicly accessible on their respective websites.

Furthermore, the bill introduces a new provision that specifies the effective date for the amendments to section 16-913, stating that these changes will apply only to contributions received after December 31, 2026. This update aims to enhance transparency in political financing and ensure compliance with contribution limits across different levels of government.

Statutes affected:
Introduced Version: 28-4143
Senate Engrossed Version: 28-4143
House Engrossed Version: 16-913, 38-545, 16-941