The proposed bill amends South Dakota's campaign finance disclosure laws to enhance transparency regarding loans received by political committees. Specifically, it requires that campaign finance disclosure reports include the outstanding balance of each loan received, in addition to the existing requirement to report each loan in the same manner as a contribution. This amendment aims to provide voters with a clearer understanding of the financial obligations of political committees, thereby promoting accountability in campaign financing.

Furthermore, the bill mandates that the treasurer of a political committee maintain detailed records of each loan received, including the outstanding balance. This requirement is part of a broader effort to ensure that all financial transactions related to campaign contributions and expenditures are accurately documented and preserved for a specified period. The bill emphasizes the importance of transparency in political financing and aims to prevent potential misuse of funds by holding political committees accountable for their financial reporting.

Statutes affected:
Introduced, 02/05/2025: 12-27-24, 12-27-29
Enrolled, 03/11/2025: 12-27-24, 12-27-29