90th General Assembly
Summary of SB1204
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Senate Sponsors:

Short description: 
PUBLIC ELECTION FUND                                                       

Synopsis of Bill as introduced:
        Creates the Public Election Fund  Act.   Provides  that  eligible      
   candidates  for the offices of Governor, Lieutenant Governor, Attorney      
   General, Secretary of State, Comptroller,  Treasurer,  State  Senator,      
   and  State  Representative  shall receive public matching funds.  Sets      
   requirements for eligibility for  public  matching  funds.   Allows  a      
   caucus  political  committee organized by the President of the Senate,      
   the Minority Leader of  the  Senate,  the  Speaker  of  the  House  of      
   Representatives,   or   the   Minority   Leader   of   the   House  of      
   Representatives to receive additional public matching funds.  Provides      
   that a candidate may not receive public matching funds if an  election      
   is  uncontested.   Provides  that  if  a political committee or caucus      
   political  committee  violates  any  condition  of  eligibility,  that      
   committee shall forfeit an amount twice the amount  of  the  violating      
   contribution.   Prohibits  the  use  of  campaign  funds  for  certain      
   expenditures.  Provides that use of funds for a prohibited expenditure      
   shall  result  in  the  forfeiture  of  matching  funds and shall be a      
   business offense in an amount equal  to  the  prohibited  expenditure.      
   Provides  that  any  person,  candidate,  or  committee that collects,      
   schemes, or collaborates to  misuse,  collect,  or  improperly  accept      
   matching  funds  is  guilty  of a Class A misdemeanor.  Contains other      
   provisions.  Amends  the  State  Finance  Act  to  create  the  Public      
   Election   Fund.    Amends   the   Illinois  Income  Tax  Act.  Allows      
   contributions to be made to the Public Election Fund through an income      
   tax checkoff.  Effective January 1, 1999.                                   
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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