Honorable Byron Cook, Chair, House Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1533 by Geren (Relating to a restriction on the use of certain political contributions from a single source in the month before an election.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Election Code to restrict a candidate or committee from expending a political contribution exceeding $5,000 from a single source within 30 days of an election until the contribution is reported to the Ethics Commission and posted on the agency's website. The agency indicates that any costs associated with the bill could be absorbed within existing resources.
The bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.