This bill mandates that business organizations and labor unions must make political contributions through segregated funds. Specifically, it amends RSA 664:4, II to include new provisions that allow contributions from business organizations and their representatives, alongside labor unions and their affiliates. The bill clarifies that these contributions must be made through a separate, segregated fund that consists solely of voluntary contributions from individuals associated with the union or organization, thereby ensuring that the funds are not mixed with other financial resources.

The bill also includes a notable deletion, as it specifies that the provisions do not apply to sole proprietorships, thereby exempting them from these requirements. The effective date of the act is set for 60 days after its passage. The fiscal impact of the bill is indeterminable, with potential implications for state and local expenditures related to judicial and correctional systems due to the changes in campaign contribution regulations.

Statutes affected:
Introduced: 664:4