Campaign Contribution Limitations. Elective State Offices.

CAMPAIGN CONTRIBUTION LIMITATIONS. ELECTIVE STATE OFFICES. INITIATIVE STATUTE. Adds limitations on contributions to and expenditures by candidates for elective state offices. Permits contributions only by individuals, political action committees, and political parties. Individuals\u27 yearly contributions limited to $1,000 per candidate and $250 per party or action committee, with a $10,000 maximum to all candidates. Parties and action committees yearly contributions limited to $1,000 per candidate. Restricts independent expenditures, loans, and use of surplus contributions. Candidates may expend personal funds without limit. Provides some public funds to candidates to match personal expenditures by opposition candidate. Contains other limitations and enforcement provisions. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: (1) Up to $1 million per year from the state General Fund to provide matching funds to candidates whose opponents expend personal funds on their campaigns. (2) An estimated $100,000 annually from specified fines and penalties to also be used to provide matching funds to candidates whose opponents expend personal funds on their campaigns. (3) Administrative costs of up to $150,000 in 1984-85 and up to $300,000 annually thereafter