Senate Bill No. 515 proposes adjustments to the maximum individual contribution amounts under the Citizens' Election Program (CEP). The bill repeals and replaces subsection (c) of section 9-704 of the general statutes, establishing that the maximum individual contribution amount of $250 for elections held for certain state offices will be adjusted by the State Elections Enforcement Commission (SEEC) based on changes in the consumer price index. This adjustment will occur not later than January 15 of the election year and will be made quadrennially for gubernatorial elections and biennially for state legislative elections. The bill also clarifies that the adjusted contribution amounts will remain in effect until the next adjustment is made by the SEEC.

Additionally, the bill introduces new language stating that on and after July 1, 2025, the maximum individual contribution amount resulting from any adjustment will remain in effect until the SEEC makes its next adjustment. This ensures that candidates can continue to collect qualifying contributions at the adjusted maximum amount until a new calculation is established. The bill is designed to provide clarity on the contribution limits and their adjustments, with no anticipated fiscal impact on the state or municipalities.