§1056-C. Limits on contributions to leadership political action committees
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE 1/01/23)
1. Contributions by individuals. An individual may not make contributions to a leadership political action committee aggregating more in a calendar year than the amount that the individual may contribute to a legislative candidate in any election under section 1015, subsection 1.
[PL 2021, c. 274, §11 (NEW); PL 2021, c. 274, §13 (AFF).]
2. Contributions by party committees and political action committees. Except as provided in paragraph A, a party committee under section 1013-A, subsection 3, a political action committee and any other committee may not make contributions to a leadership political action committee.
A. A party committee under section 1013-A, subsection 3, a leadership political action committee, a separate segregated fund committee, a caucus political action committee and any other political action committee may make contributions to a leadership political action committee aggregating no more in a calendar year than the amount that the committee may contribute to a legislative candidate in any election under section 1015, subsection 2, paragraph A, except that the committee may not make any monetary contributions to a leadership political action committee using funds that derive, in whole or in part, from a business entity. Nothing in this paragraph prohibits a separate segregated fund committee that receives nonmonetary contributions from a business entity under section 1056-D, subsection 2, paragraph A from making monetary contributions to a candidate within the limits described in this paragraph. [PL 2021, c. 274, §11 (NEW); PL 2021, c. 274, §13 (AFF).]
[PL 2021, c. 274, §11 (NEW); PL 2021, c. 274, §13 (AFF).]
3. Contributions by business entities prohibited. A business entity may not make contributions to a leadership political action committee.
[PL 2021, c. 274, §11 (NEW); PL 2021, c. 274, §13 (AFF).]
4. Business entity defined. For purposes of this section, "business entity" includes a firm, partnership, corporation, incorporated association, labor organization or other organization, whether organized as a for-profit or a nonprofit entity.
[PL 2021, c. 274, §11 (NEW); PL 2021, c. 274, §13 (AFF).]
SECTION HISTORY
PL 2021, c. 274, §11 (NEW). PL 2021, c. 274, §13 (AFF).