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| new committee, to be termed an exploratory committee. A |
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| pre-existing committee created for the primary purpose of |
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| aiding that candidate's election to other offices that ceases |
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| all fundraising after the creation of an exploratory committee |
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| may transfer funds without limit to an exploratory committee. |
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| Should the candidate decide against running for the new office, |
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| fail to qualify for the ballot at the next election, or lose |
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| the next election, any remaining funds held by the exploratory |
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| committee shall be returned to contributors or donated to |
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| charity, and the committee shall be closed, within 90 days. |
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| (c) The public officials elected President of the Senate, |
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| Minority Leader of the Senate, Speaker of the House of |
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| Representatives, and Minority Leader of the House of |
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| Representatives may each establish and operate one additional |
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| political committee for the purpose of supporting the election |
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| of candidates to the General Assembly. The committees provided |
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| for in this subsection (c) shall not be considered established |
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| by the President of the Senate, Minority Leader of the Senate, |
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| Speaker of the House of Representatives, or Minority Leader of |
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| the House of Representatives for purposes of Section 9-8.5. |
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| (d) A political committee established in accordance with |
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| subsection (a) or (b) must be dissolved within 30 days after |
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| (i) the candidate's withdrawal from the campaign or defeat for |
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| the nomination or election sought or (ii) the public official |
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| no longer holds the public office for which the committee was |
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| established. All funds of a committee that is not dissolved as |
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LRB096 10902 JAM 23303 a |
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| required by this subsection shall escheat to the State and be |
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| deposited into the State treasury.
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| (10 ILCS 5/9-8.5 new) |
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| Sec. 9-8.5. Contribution limit. |
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| (a) An individual, corporation, labor organization, |
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| association, or other group may not make one or more |
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| contributions, including cash and in-kind contributions, in |
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| excess of $5,000 in the aggregate in one calendar year to any |
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| candidate for public office. A political committee of which a |
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| State or local political party is the sponsoring entity may not |
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| make one or more transfers in excess of $5,000 in the aggregate |
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| in one calendar year to any candidate for public office.
For |
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| the purpose of this Section, "candidate" includes the candidate |
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| personally and any one or more political committees established |
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| by, on behalf of, or to promote that candidate. |
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| (b) An individual, corporation, labor organization, |
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| association, or other group may not make one or more |
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| contributions, including cash and in-kind contributions, in |
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| excess of $5,000 in the aggregate in one calendar year to one |
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| or more committees in support of or in opposition to a question |
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| of public policy to be submitted to electors. A political |
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| committee of which a State or local political party is the |
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| sponsoring entity may not make one or more transfers in excess |
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| of $5,000 in the aggregate in one calendar year to one or more |
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| committees in support of or in opposition to a question of |
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LRB096 10902 JAM 23303 a |
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| public policy to be submitted to electors. |
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| (c) When (i) a corporation and any of its subsidiaries, |
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| branches, divisions, departments, or local units, (ii) a labor |
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| organization and any of its subsidiaries, branches, divisions, |
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| departments, or local units, or (iii) an association or any of |
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| its affiliates, subsidiaries, branches, divisions, |
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| departments, or local units contribute to one or more political |
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| committees or establish, maintain, or control more than one |
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| separate segregated fund qualified as a political committee, |
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| all of the related contributing entities shall be treated as a |
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| single contributing entity for the purposes of the limitations |
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| established by this Section. |
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| (d) Nothing in this Section shall be construed to limit a |
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| candidate's or public official's contribution of his or her |
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| personal funds to the political committee established by that |
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| candidate or public official. |
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| (e) The dollar amounts established in this Section shall be |
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| adjusted annually by the State Board of Elections in accordance |
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| with the federal Consumer Price Index. |
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| (f) As used in this Section: |
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| (1) "Association" means any group, club, meeting, |
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| collective, membership organization, collection of |
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| persons, entity organized under Section 501 or 527 of the |
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| Internal Revenue Code, or other entity other than a natural |
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| person, except that an association does not include a |
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| political committee organized under this Article. |
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| (2) "Corporation" includes a limited liability |
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| company, partnership, professional practice, cooperative, |
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| or sole proprietorship, whether organized on a for-profit |
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| or non-profit basis. |
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| (3) "Labor organization" means any organization of any |
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| kind or any agency or employee representation committee or |
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| plan in which employees participate and that exists for the |
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| purpose, in whole or in part, of dealing with employers |
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| concerning grievances, labor disputes, wages, rates of |
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| pay, hours of employment, or conditions of work. ".
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