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 must include the outstanding balance of each loan received, in addition to existing requirements for reporting contributions and expenditures. The language of the bill emphasizes that each loan must be reported similarly to contributions, and any loan repayments must be categorized as expenditures. Furthermore, the bill mandates that the treasurer of a political committee maintain detailed records of each loan received, including the outstanding balance.

In addition to the new requirements for loan disclosures, the bill also modifies existing language to clarify the information that must be included in campaign finance reports. For instance, it specifies that contributions of one hundred dollars or less must be aggregated or listed individually, and it updates the terminology used to describe the types of campaign reports. The bill aims to ensure that all financial activities of political committees are accurately documented and reported, thereby promoting accountability in campaign financing.

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