This bill seeks to improve transparency in political funding by implementing new reporting requirements for the sources of funds used in political expenditures. It introduces definitions such as "candidate," "covered person," and "traceable funds," while clarifying existing definitions related to political financing. Covered persons are now required to maintain detailed records of contributions over $200, including the identities of ultimate sources and intermediaries, and must inform contributors about the potential use of their funds. The bill also establishes penalties for non-compliance, including class A misdemeanors for evading reporting requirements, and mandates that covered persons file statements with the Secretary of State within ten days of disbursing significant traceable funds. The Secretary of State will make this information publicly accessible to enhance accountability.

Additionally, the bill amends the North Dakota Century Code to allow any individual to file complaints with the Secretary of State regarding potential violations, ensuring an investigation is conducted and providing a legal recourse for complainants if their concerns are not addressed within 120 days. It affirms the rights of resident taxpayers to pursue civil actions if their constitutional rights are not upheld and enhances transparency in political advertising by requiring the disclosure of the top three donors for advertisements. The bill also repeals previous sections related to identifying the ultimate source of funds and streamlines the legal framework for these issues.

Statutes affected:
INTRODUCED: 16.1-08.1-01, 16.1-10-04.1, 16.1-08.1-08