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 starting July 1, 2025, the adjusted maximum individual contribution amounts will remain in effect until the State Elections Enforcement Commission (SEEC) makes its next inflationary adjustment. This means that candidates can collect qualifying contributions (QCs) up to the statutory maximum of $250 until a new adjustment is implemented. The SEEC is required to adjust these amounts based on changes in the consumer price index, with the last adjustment for the 2024 election being set at $320.

The bill also clarifies the timeline for these adjustments, specifying that the SEEC must publish the adjusted amounts by January 15 in the year of the applicable election, based on inflationary changes from January 1, 2017, through December 31 of the year prior to the adjustment. The changes aim to ensure that the maximum contribution limits are consistently applied and updated in accordance with inflation, without creating any fiscal impact on the state or municipalities.