The bill amends South Dakota's campaign finance disclosure laws to require political committees to include the outstanding balance of each loan received in their campaign finance disclosure reports. Specifically, it adds a new requirement under section 12-27-24 that mandates the reporting of the outstanding balance of each loan alongside existing financial disclosures such as contributions, expenditures, and cash balances. Additionally, the bill stipulates that each loan received must be reported in the same manner as a contribution, ensuring transparency in the financial dealings of political committees.

Furthermore, the bill also amends section 12-27-29, which outlines the record-keeping responsibilities of political committee treasurers. It now requires treasurers to maintain detailed records of the outstanding balance of each loan received by the political committee, in addition to other financial records. This change aims to enhance accountability and provide clearer insights into the financial obligations of political committees, thereby promoting transparency in campaign financing.

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