This bill amends existing campaign finance laws in Kansas by introducing a limit on contributions to political committees specifically for independent expenditures, capping them at $5,000 per year. It requires treasurers of political committees that receive such contributions to maintain detailed accounts, including the names of contributors and the total contributions from each. Additionally, these treasurers must undergo annual audits conducted by a Kansas auditor approved by the commission, ensuring compliance with the new regulations. The bill also mandates that all contributions and receipts be reported accurately, with specific details outlined for transparency.

Furthermore, the bill repeals existing sections of the law related to campaign finance, specifically K.S.A. 25-4147, 25-4148, and 25-4153, and replaces them with updated provisions that reflect the new contribution limits and reporting requirements. It clarifies that individuals and political committees are restricted to the $5,000 limit for contributions aimed at independent expenditures, and it emphasizes the importance of maintaining separate accounts for these funds to prevent commingling with personal finances. The act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 25-4147, 25-4148, 25-4153, 25-4148c