Item 20: Secret Money Amendments

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Steve Adler
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Joined: Fri Jan 16, 2015 2:12 pm

Item 20: Secret Money Amendments

Post by Steve Adler »

Council:

Attached are amendments to the secret money ordinance, Item 20, for tomorrow's agenda.

http://assets.austintexas.gov/austincou ... 211638.pdf

Here is a summary of the amendments:

Summary of Nine Amendments
• The amendments create new criteria for reporting and disclosing contributor information based on whether a contribution was made to a segregated bank account.
• The amendments slightly lower the reporting thresholds for direct campaign expenditures and covered transfers from exceeding $500 to $500, and raise the contributor reporting and disclosure thresholds from $250 to $500.
• The amendments clarify that the exception to the contributor reporting and disclosure requirements which applies when a contributor has prohibited use of a contribution for political purposes only applies if the recipient also abides by the prohibition.
• The amendments except from the definition of “covered transfer” a transfer made by a person who has not received any contributions from others during the current election reporting cycle.

These amendments are generally agreed upon by staff and campaign finance professionals.

s
Mayor