This bill amends the Arkansas Constitution and various sections of the Arkansas Code to allow candidates to transfer campaign contributions to one another. Specifically, it introduces new provisions that permit a candidate to use their own campaign funds to contribute to another candidate, with the amount limited by rules set by the Arkansas Ethics Commission. Additionally, contributions made by a candidate to another candidate will not be classified as personal income, thereby clarifying the use of campaign funds.
The bill also modifies existing laws regarding campaign contributions by adding candidates to the list of entities that can contribute to other candidates. It updates the definitions and limitations on contributions, ensuring that candidates can participate in the campaign finance process more flexibly. The amendments include the insertion of new subdivisions that outline these changes, while also deleting certain language to streamline the regulations surrounding campaign contributions.
Statutes affected: HB 1598: 7-1-101, 7-7-205, 7-6-203(a)