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F I S C A L I M P A C T R E P O R T

SPONSOR:	Feldman		DATE TYPED:	02/06/01		HB
SHORT TITLE:		Amend Campaign Reporting Act				SB	321
					ANALYST:		Woodlee

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY01	FY02	FY01	FY02	Recurring or Non-Rec	Fund Affected
	$ 778.0		$ 116.7	Recurring	General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates/Relates to

SOURCES OF INFORMATION

Secretary of State

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 321 appropriates $778.0 from the general fund for fiscal years 2002 and 2003 to the Secretary of State for the purpose of adding an electronic filing requirement to the Campaign Reporting Act and the development of a computer system to file reports electronically and to publish the reports to the Internet in a searchable format.

Significant Issues

The bill provides that the Secretary of State shall contract for services to develop a system that allows for the electronic submission and review by the public. The system shall include:

An electronic format for reports and statements;

Computer software to be provided to reporting individuals for their compliance with the Campaign Reporting Act; and

Provisions for encrypted transmissions.

In addition to the above provisions of the electronic filing system. The bill also stipulates when certain reports may begin to be filed electronically as follows:

•January 1, 2002 for statewide elective offices, except for individuals who have contributions or expenditures less than $2,500;

•January 1, 2004 for legislative, public regulation commission and political committee, except for individuals who have contributions or expenditures less than $500;

•January 1, 2008 for all statewide elective offices, legislative, public regulation commission and political committee individuals.

FISCAL IMPLICATIONS

The bill appropriates $778.0 for expenditure in fiscal years 2002 and 2003. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

In addition to the appropriation, the agency indicates that the will be an annual cost of $116.7 for the maintenance, technical support and licensing fees. This is based on an industry standard of

15 percent of the initial system cost.

MW/sb