The bill addresses the use of public assets for campaign finance, specifically prohibiting the use of public funds to advocate for or against state constitutional amendments and ballot questions. It introduces new requirements for any informational materials related to proposed bond issues funded by public money. These materials must include a detailed fiscal disclosure statement that outlines the principal amount, estimated total cost, duration, outstanding obligations, and the estimated annual debt service payment. Additionally, the disclosure must present the potential property tax impact and clarify that the estimates are projections that may vary based on economic factors.

Furthermore, the bill amends existing laws to reinforce the prohibition against using public resources for political advocacy while allowing for neutral, factual information dissemination regarding ballot questions. It specifies that any publication funded with public funds must not mislead the public about tax implications and must present fiscal information in a clear and understandable manner. Violations of these provisions, including failure to provide the required disclosures, are classified as a class C misdemeanor. The bill aims to ensure transparency and accountability in the use of public funds in relation to campaign finance and bond issues.

Statutes affected:
As introduced: 25-4169a, 12-105a
As Amended by House Committee: 25-4169a