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House committee approves bill to increase reporting for local candidates who raise $5,000 or more
Summary
The House State Agencies & Gov't Affairs Committee approved a bill by Rep. Underwood to require local candidates who raise or spend $5,000 or more during an election year to file monthly campaign finance reports; candidates under $500 keep existing minimal reporting.
Representative Jasmine Underwood, sponsor of House Bill 1243, told the House State Agencies & Governmental Affairs Committee that the bill would require local candidates who raise or spend $5,000 or more in an election year to file campaign finance reports on the same monthly schedule used by state candidates.
Underwood said the change is aimed at increasing transparency for local races that can carry significant budgets. “If you’ve raised or spent $5,000, you certainly should be able to file campaign financial boards,” Underwood said, explaining that the $5,000 trigger is “arbitrary” but…
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