The proposed bill seeks to establish chapter 16.1-08.2 of the North Dakota Century Code, focusing on enhancing campaign disclosure statements and repealing the existing chapter 16.1-08.1. It introduces new definitions and requirements for political contributions and expenditures, mandating that candidates and political committees file annual disclosure statements detailing contributions and expenditures from the previous year. The bill specifies that contributions exceeding $250 must include the contributor's occupation and employer information, while contributions under $250 are exempt from open records requests but must still be reported in aggregate totals. Additionally, it outlines the registration requirements for political committees and emphasizes the need for candidates to maintain separate campaign accounts.

Moreover, the bill establishes penalties for violations of campaign finance regulations and mandates audits for substantial irregularities, which must be conducted by certified public accountants at the violator's expense. It also introduces provisions for political committees registered under federal law, requiring them to file federal reports with the Secretary of State for expenditures exceeding $250. The legislation aims to improve transparency and accountability in political financing, ensuring that all financial activities are properly documented and disclosed to the public. The effective date for these changes is set for January 1, 2026.

Statutes affected:
INTRODUCED: 16.1-08.1-02.3, 16.1-08.1-04.1, 16.1-08.1-06.1, 16.1-08.1-03.1
Adopted by the Senate State and Local Government Committee: 15.1-09-08, 15.1-09-19, 16.1-01-12, 16.1-10-04.1, 51-28-01
FIRST ENGROSSMENT: 15.1-09-08, 15.1-09-19, 16.1-01-12, 16.1-10-04.1, 51-28-01
Prepared by the Legislative Council staff for Representative Steiner: 15.1-09-08, 15.1-09-19, 16.1-01-12, 16.1-10-04.1, 51-28-01