Campaign Finance. Appropriations.

CAMPAIGN FINANCE. APPROPRIATIONS. INITIATIVE STATUTE. Repeals Proposition 73 of 1988. Imposes campaign finance limits for state and local elective offices. Provides for matching public financing of campaigns, and appropriates $16 million for this purpose. Imposes other campaign financing restrictions. Requires creation of computerized campaign finance data base that is accessible by public. Requires disclosure of major funding sources in initiative campaigns. Creates special unit in the Office of the Attorney General, and authorizes appointment of a special prosecutor, for coordination, investigation and prosecution of candidates and office-holders for misconduct in office or during political campaigns. Makes appropriations for administrative costs. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Would result in annual net costs to the state of at least $13 million, representing costs of matching funds, program administration, and enforcement, offset by estimated revenue from elimination of tax deductions for lobbying expenses