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 adjustments for gubernatorial elections occurring quadrennially and for state legislative elections biennially.

The bill also clarifies that the SEEC must publish the adjusted contribution 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 preceding the adjustment. The existing law sets the individual QC amounts between $5 and $250, with the inflation-adjusted maximum for the 2024 election being $320. The bill is expected to have no fiscal impact on the state or municipalities, as it primarily provides clarifying language regarding the timing and application of contribution adjustments.