SB 426 Election Laws Loans to a Campaign Finance Entity

About SB-426

Altering the conditions under which the principal balance on a loan to a campaign finance entity is considered a contribution; providing that the terms of a loan to a campaign finance entity require that the loan be repaid not later than the end of the second year of the election cycle immediately following the election cycle in which the loan was made; specifying that penalties assessed for violations of campaign contribution limits may be assessed against a lender, the candidate whose campaign finance entity received the loan, or both; etc.