A010-9900
10 AN ACT CONCERNING
20 Elections Laws-Public Financing Campaign Act for
30 Candidates for the General Assembly
40 For the purpose of establishing the Public Financing Campaign Act for
50 Candidates for the General Assembly to be administered by the State
60 Board of Elections with the assistance of the Comptroller; defining
70 specific terms; creating the Public Financing Campaign Fund for
80 Candidates for the General Assembly and providing for the inclusion of
90 explicit money in the Fund; establishing certain procedures, requirements,
100 conditions for participation in the Fund and for the distribution of
110 revenues from the Fund; requiring that candidates participating in the
120 Fund adhere to certain expenditure limitations; providing for certain
130 penalties; requiring the Comptroller to perform particular duties in
140 connection with the establishment, maintenance, and administration of the
150 Fund; authorizing certain taxpayers to make certain contributions and
160 receive certain tax advantages for certain contributions and donations
170 made under the Act; authorizing certain candidates to be listed on the
180 ballot in a certain manner; and generally relating to the establishment of
190 the Public Financing Campaign Act for Candidates for the General
200 Assembly.
210 By adding to
220 Article 33 - Election Code
230 Section 15A-101 through 15A-112, inclusive, to be under the new title
240 "Title 15A. Public Financing Campaign Act for Candidates for the
250 General Assembly"
260 Annotated Code of Maryland
270 (1997 Replacement Volume and 1999 Supplement)
280 By repealing and reenacting, without amendments
290 Article - Tax - General
300 Section 10-208(a)
310 Annotated Code of Maryland
320 (1997 Replacement Volume and 1999 Supplement)
330 By adding to
340 Article - Tax - General
350 Section 10-208(o)
360 Annotated Code of Maryland
370 (1997 Replacement Volume and 1999 Supplement)
380 SECTION 1. BE IT ENACTED BY THE MARYLAND STUDENT
390 LEGISLATURE, That the Laws of Maryland read as follows:
400 Article 33 - Election Code
410 TITLE 15A. PUBLIC FINANCING CAMPAIGN ACT FOR
420 CANDIDATES FOR THE GENERAL ASSEMBLY
430 ¤ 15A-101
440 (A) THE GENERAL ASSEMBLY OF MARYLAND RECONIZES THAT A
450 SYSTEM FOR THE PUBLIC FINANCING OF CAMPAIGNS NOW
460 EXISTS FOR CANDIDATES FOR THE GOVERNOR AND
470 LIETENANT GOVERNOR IN THE STATE AND FINDS AND
480 DECLARES THAT AN ALTERNATIVE SYSTEM FO PUBLICLY
490 FINANCED CAMPAIGNS FOR CANDIDTATES SEEKING
500 ELECTION TO THE GENERAL ASSEMBLY IS IN THE PUBLIC
510 INTEREST OF THE STATE.
520 (B) IN FURTHERANCE OF THIS PUBLIC INTEREST, A SYSTEN OF
530 PUBLIC FINANCING OF ELECTIONS FOR THE GENERAL
540 ASSEMBLY WILL ELIMINATE THE REAL AND PERCEIVED
550 CONFLICTS OF INTEREST THAT ARISE FROM LARGE PRIVATE
560 CONTRIBUTIONS TO CONSISTES BY PROVIDING THE
570 CANDIDATES A SYSTEM OF PUBLIC RESOURCES THAT WILL:
580 (1) ALLOW VIABLE CANDIDATES TO RUN COMPETITIVE
590 CAMPAIGNS REGARDLESS OF THEIR ACCESS TO WEALTH;
600 (2) INCREASE VOTER CHOICE IN ELECTIONS;
610 (3) CONTROL THE RISING COSTS OF POLITICAL CAMPAIGNS; AND
620 (4) FREE CANDIDATES FROM RELENTLESS FUND-RAISING AND
630 THEREBY ALLOW CANDIDATES TO SERVE THE PUBLIC
640 INTEREST AND NOT JUST THE SPECIAL INTEREST.
650 (C) THE GENERAL ASSEMBLY FURTHER FINDS AND DECLARES
660 CAMPAIGNS FINANCED WITH PUBLIC RESOURES WILL HELP
670 RESTORE CONFIDENCE AND TRUST IN GOVERNMENT AND
680 PROMOTE DEMOCRACY BY INCREASING COMPETITION IN
690 ELECTIONS FOR THE GENERAL ASSEMBLY. FURTHER
700 COMPETITION IN ELECTIONS WILL CREATE A POLITICAL
710 MARKETPLACE FOR IDEAS AND CAUSE ELECTIONS TO
720 CHANGE FROM WEATH-BASED CAMPAIGNS TO IDEA-BASED
730 CAMPAIGNS.
740 ¤ 15A-102
750 (A) IN THIS TITLE THE FOLLOWING TERMS HAVE THE MEANINGS
760 INDICATED UNLESS OTHERWISE PROVIDED.
770 (B) "CANDIDATE" MEANS A CANDIDATE FOR ELECTION AS A
780 MEMBER OF THE HOUSE OF DELEGATES OR SENATE OF
790 MARYLAND.
800 (C) "COMPTROLLER" MEANS THE STATE COMPTROLLER OF THE
810 TREASURY.
820 (D) "ELIGIBLE CANDIDATE" MEANS A CANDIDTATE WHO HAS
830 QUALIFIED TO RECEIVE A PUBLIC CONTRIBUTION UNDER
840 THIS TITLE.
850 (E) "ELIGIBLE PRIVATE CONTRIBUTION" MEANS THAT PORTION
860 OF A MONETARY OR IN KIND CAMPAIGN CONTRIBUTION, OR
870 SERIES OF CONTRIBUTIONS, FROM AN INDIVIDUAL THAT IS
880 NOT LESS THAT $5 NOR MORE THAT $100 THAT MEETS THE
890 REQUIREMENTS OF ¤ 15A-105 OF THIS TITLE.
900 (F) "FUND" MEANS THE "PUBLIC FINANCING CAMPAIGN FUND
910 FOR CANDIDATES FOR THE GENERAL ASSEMBLY".
920 (G) "PUBLIC CONTRIBUTION" MEANS A SUM DISBURSED FROM
930 THE PUBLIC FINANCING CAMPAIGN FUND TO A CANDIDATE
940 ACCORDING TOT HE PROVISIONS FO THIS TITLE.
950 (H) "SEED MONEY" MEANS A SUM OF LAWFULLY RAISED
960 ELIGIBLE PRIVATE CONTRIBUTIONS THAT IS:
970 (1) NO MORE THAT $100 FOR EACH DONOR;
980 (2) RECEIVED NO EARLIER THAN 1 YEAR, AND NO LATER THAN 2
990 MONTHS, BEFORE THE DATE OF THE PRIMARY ELECTION;
1000 AND
1010 (3) USED ONLY TO GENERATE ELIGIBLE PRIVATE
1020 CONTRIBUTIONS.
1030 (I) "TREASURER" INCLUDES A CAMPAIGN SUBTREASURER.
1040 ¤ 15A-103
1050 (A) A CONDIDATE WHO APPLIES FOR AND ACCEPTS A PUBLIC
1060 CONTRIBUTION FROM THE MAY NOT EXPEND AN AMOUNT IN
1070 EXCESS OF: $45,000, FOR A CANDIDATE FOR ELECTION TO
1080 THE HOUSE OF DELEGATES; OR $90,000, FOR A CANDIDATE
1090 FOR ELECTION TO THE SENATE OF MARYLAND.
1100 (B) (1) A CANDIDATE SUBJECT TO THIS SECTION MAY NOT EXPEND
1110 MORE THAN 50% OF THE EXPENDITURE LIMIT ALLOWED
1120 UNDER SUBSECTION (A) OF THIS SECTION IN THE PRIMARY
1130 ELECTION AND NOT MORE THAN 50% OF THAT EXPENDITURE
1140 LIMIT IN THE GENERAL ELECTION.
1150 (2) A CANDIDATE WHO IS UNOPPOSED IN A PRO IMARY OR
1160 GENERAL ELECTION IS ELIGIBLE TO RECEIVE ONE-HALF OF
1170 THE MAXIMUM AMOUNT ALLOWED UNDER THIS TITLE FOR
1180 CANDIDATES FOR ELECTION TO THE OFFICE THAT THE
1190 CANDIDATES SEEKS.
1200 (C) (1) A STATE OR LOCAL PARTISAN CENTRAL COMMITTEE MAY
1210 NOT: (I)MAKE AN EXPENDITURE ON BEHALF OF AN ELIGIBLE
1220 CANDIDATE IN A PRIMARY ELECTION; AND (II)EXPEND AN
1230 AMOUNT THAT EXCEEDS 5% OF THE EXPENDITURE LIMIT
1240 APPLICABLE TO AN ELIGIBLE CANDIDATE UNDER THIS TITLE
1250 ON BEHALF OF THAT ELIGIBLE CANDIDATE IN ANY GENERAL
1260 ELECTION.
1270 (2) AN EXPENDITURE MADE BY A STATE OR LOCAL 1280
1280 PARTISAN CENTRAL COMMITTEE ON BEHALF OF AN ELIGIBLE
1290 CANDIDATE UNDER PARAGRAPH (1)(II) OF THIS SUBSECTION
1300 IS NOT SUBJECT TO THE EXPENDITURE LIMITATION
1310 APPLICABLE TO THAT ELIGIBLE CANDIDATE UNDER THIS
1320 TITLE.
1330 (D) AN ELIGIBLE CANDIDATE WHO RECEIVES A DISTRIBUTION
1340 FROM THE FUND MAY NOT MAKE A CONTRIBUTION IN
1350 EXCESS OF $100 IN PERSONAL FUNDS IN SEED MONEY OR
1360 OTHER CONTRIBUTION TO THE CANDIDATE'S CAMPAIGN.
1370 (E) THE CANDIDATE AND ANY CHAIRMAN OR TREASURER
1380 ASSOCIATED WITH THE EXPENDITURE ARE JOINTLY AND
1390 SEVERALLY LIABLE CIVILLY AND CRIMINALLY FOR ANY
1400 EXPENDITURE MADE IN VIOLATION FO THIS SECTION.
1410 ¤15A-104
1420 (A) (1) THERE IS A PUBLIC FINANCING CAMPAIGN FUND FOR
1430 CANDIDATES FOR THE GENERAL ASSEMBLY ADMINISTERED
1440 BY THE COMPTROLLER AND THE STATE BOARD IN
1450 ACCORDANCE WITH THE PROVISIONS OF TEHIS TITLE.
1460 (2) THE COMPTROLLER SHALL CREDIT TO THE FUND ALL MONEY
1470 COLLECTED PURSUANT TO THESE PROVISIONS.
1480 (B) SUBJECT TO THE OTHER REQUIREMENTS OF THIS TITLE, THE
1490 STATE BOARD SHALL BEGIN TO DISTRIBUTE ONE-HALF OF
1500 MONEY IN THE FUND NO LATER THAN MAY 1 OF THE YEAR
1510 OF THE ELECTION TO ELIGIBLE CANDIDATES IN THE
1520 PRIMARY ELECTION ON A CONTINUING BASIS AND THE
1530 REMAINING MONEY IN THE FUND PROMPTLY AFTER THE
1540 PRIMARY ELECTION TO ELIGIBLE CANDIDTES IN THE
1550 GENERAL ELECTION.
1560 (C) THE STATE BOARD SHALL ADOPT REGULATIONS TO CARRY
1570 OUT THE PURPOSES AND REQUIREMENTS OF THIS TITLE
1580 THAT INCLUDE PROVISIONS FOR:
1590 (1) THE MANNER AND DATE BY WHICH A CANDIDATE WHALL
1600 NOTIFY THE STATE BOARD THAT THE CANDIDATE INTENDS
1610 TO QUALIFY FOR PUBLIC CONTRIBUTIONS;
1620 (2) THE DEADLINE FOR CANDIDATES TO SUBMIT REQUESTS FOR
1630 PUBLIC CONTRIBUTIONS;
1640 (3) THE DATES THAT THE STATE BOARD IS TO ORDER, AND THE
1650 COMPTROLLER IS TO MAKE, DISBURSEMENTS OF PUBLIC
1660 CONTRIBUTIONS TO ELIGIBLE CANDIDATES IN ACCORDANCE
1670 WITH THIS TITLE;
1680 (4) PRO RATA DISTRIBUTION IN THE EVENT THERE IS NOT
1690 SUFFICIENT MONEY IN THE FUND;
1700 (5) A FORMULA FOR DISTRIBUTING SUPPLEMENTARY PUBLIC
1710 CONTRIBUTIONS TO THE OTHER ELIGIBLE CANDIDATES IF; (I)
1720 AN ELIGIBLE CANDIDATE FAILS TO REQUEST A PUBLIC
1730 CONTRIBUTION; (II)AN ELIGIBLE CANDIDATE WITHDRAWS AS
1740 A CANDIDATE, BECOMES DISQUALIFIED, OR DIES; OR (III)
1750 ADDITIONAL FUNDS BECOME AVAILABLE;
1760 (6) STANDARDS FOR APPLYING EXPENDITURES BY POLITICAL
1770 COMMITTEES AND SLATES AFFILIATED WITH AN ELIGIBLE
1780 CANDIDATE TO THE EXPENDITURE LIMIT OF THE
1790 CANDIDATE;
1800 (7) SPECIFIED THRESHOLDS FOR IN KIND CONTRIBUTIONS THAT
1810 WILL NOT BE DEEMED CONTRIBUTIONS OR EXPENDITURES
1820 FOR THE PURPOSES OF THIS TITLE;
1830 (8) DISTRIBUTIONS TO: (I)UNOPPOSED CANDIDATES; (II)
1840 CANDIDATES WHO ARE NOT MEMBERS OF THE TWO
1850 PRINCIPAL POLITICAL PARTIES; AND (III) WRITE-IN
1860 CANDIDATES;
1870 (9) PROHIBITED USES OF PUBLIC CONTRIBUTIONS.
1880 (D) (1) THE STATE BOARD MEY REQUEST THE ASSISTANCE OF THE
1890 COMPTROLLER IN THE ADMINISTRATION OF THIS TITLE.
1900 (2) THE COMPTROLLER SHALL SUBMIT A STATEMENT OF THE
1910 FUND'S BUDGET TO THE STATE BOARD AS OF MAY 15 OF
1920 EACH YEAR.
1930 (E) (1) THE COMPTROLLER SHALL DISBURSE PUBLIC
1940 CONTRIBUTIONS TO A SINGLE CAMPAIGN DEPOSITORY OF AN
1950 ELIGIBLE CANDIDATE, AS PROVIDED IN ¤13-204(A) OF THIS
1960 ARTICLE.
1970 (2) ONLY THE STATE BOARD MAY ORDER A SIDBURSEMENT
1980 FROM THE FUND.
1990 ¤15A-105
2000 (A) ON THE DATE ESTABLISHED BY REGULATION PURSUANT TO
2010 ¤15A-104 OF THIS TITLE, A CANDIDATE IS ENTITLED TO A
2020 PUBLIC CONTRIBUTION IF:
2030 (1) THE REQUIRED SEED MONEY RAISED BY THE CANDIDATE
2040 DOES NOT EXCEED: (I) $2,000 FOR A CANDIDATE FOR
2050 ELECTION TO THE HOUSE OF DELEGATES; AND (II) $5,000 FOR
2060 A CANDIDATE FOR ELECTION TO THE SENATE OF MARYLAND;
2070 AND
2080 (2) (I) IN THE CASE OF A CANDIDATE FOR THE HOUSE OF
2090 DELEGATES, ELIGIBLE PRIVATE CONTRIBUTIONS ARE
2100 RECEIVED FROM A NUMBER OF CONTRIBUTORS IN THE
2110 LEGISLATIVE DISTRICT THAT THE CANDIDATE SEEKS TO
2120 REPRESENT THAT EQUAL AT LEAST ONE-TENTH OF 1% OF THE
2130 POPULATION IN THE LEGISLATIVE DISTRICT ON JANUARY 1
2140 OF THE YEAR OF THE ELECTION AS CALCULATED BY THE
2150 STATE OFFICE OF PLANNING; (II) IN THE CASE OF A
2160 CANDIDATE FOR SENATE OF MARYLAND, ELIGIBLE PRIVATE
2170 CONTRIBUTIONS ARE REVEIVED FROM A NUMBER OF
2180 CONTRIBUTORS IN THE LEGISLATIVE DISTRICT THAT THE
2190 CADIDATE SEEKS TO REPRESENT THAT EQUAL AT LEAST
2200 TWO-TENTHS OF 1% OF THE POPULATION IN THE LEGISLATIVE
2210 DISTRICT ON JANUARY 1 OF THE YEAR OF THE ELECTION AS
2220 CALCULATED BY THE STATE OFFICE OF PLANNING; (III) THE
2230 ELIGIBLE PRIVATE CONTRIBUTIONS ARE REFUNDABLE ONLY
2240 IN THE EVENT OF THE WITHDRAWAL OF THE CANDIDATES
2250 NAME FROM THE BALLOT; AND (IV) THE CANDIDATES
2260 TREASURER CERTIFIES, ON FORMS PRESCRIBED BY THE
2270 STATE BOARD, THAT THE ELIGIBLE PRIVATE CONTRIBUTIONS
2280 WERE RAISED IN ACCORDANCE WITH THE PROVISIONS OF
2290 THIS TITLE.
2300 (B) (1) THE STATE BOARD SHALL ORDER DISBURSMENTS FROM THE
2310 FUND TO ELIGIBLE CANDIDATES IN AN AMOUNT EQUAL TO
2320 75% OF THE EXPENDITURE LIMIT SPECIFIED FOR THAT OFFICE
2330 UNDER ¤ 15 A-103 OF THIS TITLE IN ACCORDANCE WITH THE
2340 DISTRIBUTION SCHEDULE FOR THE PRIMARY AND GENERAL
2350 ELECTION DETERMINED BY THE STATE BOARD.
2360 (2) AN ELIGIBLE CANDIDATE MAY RAISE THE REMAINING 25% OF
2370 THE EXPENDITURE LIMIT SPECIFIED FOR THAT OFFICE UNDER
2380 ¤ 15A-103 OF THIS TITLE IN ELIGIBLE PRIVATE
2390 CONTRIBUTIONS OR TRANSFERS OF $100 OR LESS FROM ANY
2400 INDIVIDUALS, POLITICAL COMMITTEES, OR POLITICAL
2410 PARTIES.
2420 (C) (1)THE STATE BOARD SHALL ORDER DISBURSEMENT OF MONEY
2430 IN THE FUND, INCLUDING MONEY REMIANING FROM THE
2440 PORTIONS DESIGNATED FOR THE PRIMARY ELECTION, AS
2450 PROVIDED IN THIS SUBSECTION,
2450 (2)ALL ELIGIBLE CANDIDATES WHO ARE NOMINEES SHALL
2460 RECEIVE EQUAL SHARES OF THE FUND.
2470 (3)IF A CANDIDATE IS UNOPPOSED ON THE GENERAL ELECTION
2480 BALLOT, THE CANDIDATE MAY NOT RECEIVE PUBLIC
2490 CONTRIBUTIONS.
2500 (4)AN ELIGIBLE CANDIDATE THAT DID NOT RECEIVE PUBLIC
2510 CONTRIBUTIONS IN THE PRIMARY ELECTION, BUT IS A
2520 NOMINEE IN THE GENERAL ELECTION, SHALL RECEIVE
2530 PUBLIC CONTRIBUTIONS IN THE GENERAL ELECTION ONLY IF
2540 THE CANDIDATE DID NOT SPEND MORE THAN THE MAXIMUM
2550 EXPENDITURE LIMIT PERMITED FOR ELIGIBLE CANDIDATES
2560 IN THE PRIMARY ELECTION.
2570 (5)THE STATE BOARD SHALL DISPERSE PUBLIC CONTRIBUTIONS
2580 PROMPTLY AFTER THE CERTIFICATION OF PRIMARY
2590 ELECTION RESULTS IN ACCORDANCE WITH THE STATE
2600 BOARD'S DISTRIBUTION SCHEDULE ESTABLISHED UNDER
2610 ¤ 15A -104 OF THIS TITLE.
2620 15A-106.
2630 A CANDIDATE NOT AFFILIATED WITH A POLITICAL PARTY IN
2640 ENTITLED TO A DISTRIBUTION FROM THE FUND TO THE SAME
2650 EXTENT AND AT THE SAME TIME DISTRIBUTIONS ARE MADE
2660 TO ELIGIBLE CANDIDATES IN AN UNCONTESTED PRIMARY
2670 ELECTION AND IN A CONTESTED GENERAL ELECTION.
2680 15A-107.
2690 (A) A PUBLIC CONTRIBUTION MAY BE EXPENDED ONLY:
2700 (1) WITH THE AUTHORITY OF THE CANDIDATE OR THE
2710 CANDIDATES TREASURER;
2720 (2) FOR REASONABLE EXPENSES TO FURTHER THE
2730 CANDIDATES NOMINATION OR ELECTION;
2740 (3) FOR EXPENSES INCURRED NOT LATER THAN 30 DAYS
2750 AFTER THE ELECTION FOR WHICH THE EXPENSES WERE
2760 MADE; AND
2770 (4) FOR PURPOSES THAT DO NOT VIOLATE STATE LAW.
2780 (B) A PUBLIC CONTRIBUTION MAY NOT BE EXPENDED FOR THE
2790 PERSONAL USE OF THE CANDIDATE
2800 (C) (1)AN UNSPENT PORTION OF A PUBLIC CONTRIBUTION SHALL
2810 BE REPAID TO THE COMPTROLLER FOR REDEPOSIT IN THE
2820 FUND NO LATER THAN 60 DAYS FOLLOWING THE ELECTION
2830 FOR WHICH THE PUBLIC CONTRIBUTION WAS GRANTED.
2840 (2) IN COMPUTING WHETHER THERE IS AN UNSPENT PART OF
2850 A PUBLIC CONTRIBUTION, ALL PRIVATE CONTRIBUTIONS TO
2860 THE CANDIDATE SHALL BE PRESUMED AS SPENT PRIOR TO
2870 ANY EXPENDITURE OF THE PUBLIC CONTRIBUTION.
2880 15A-108.
2890 AN ELIGIBLE CANDIDATE MAY BE DESIGNETED ON THE
2900 BALLOT AS A PARTICIPANT IN THE PUBLIC FINANCING
2910 CAMPAIGN ACT FOR CANDIDATES FOR THE GENERAL
2920 ASSEMBLY.
2930 15A-109.
2940 A PERSON WHO VIOLATES ANY PROVISION OF THIS TITLE IS
2950 GUILTY OF A MISDEMEANOR AND ON CONVICTION IS
2960 SUBJECT TO A FINE NOT TO EXCEED $5,000 OR
2970 IMPRISINOMENT NOT EXCEEDING 1 YEAR OR BOTH.
2980 15A-110.
2990 ANY MONEY REMAINING IN THE FUND AFTER
3000 DISBURSEMENTS TO ELIGIBLE CANDIDDATES SHALL BE
3010 RECREDITED TO THE FUNDM FOR THE PURPOSES PROVIDED
3020 IN THIS TITLE.
3030 15A-111.
3040 (A) (1) FOR EVERY INDIVIDUAL OTHER THAN A NONRESIDENT
3050 ALIEN FILING A PERSONAL STATE INCOME TAX RETURN, THE
3060 COMPTROLLER SHALL ESTABLISH, FOR EACH TAXABLE
3070 YEAR, A TAD ADD-ON SYSTEM THAT ALLOWS DONATIONS TO
3080 THE PUBLIC FINANCING CAMPAIGN FUND FOR CANDIDATES
3090 FOR THE GERNERAL ASSEMBLY NOT TO EXCEED $100 PER
3100 TAX FILER.
3110 (2) IN ADDITION TO THE MONEY DERIVED FROM THE TAX
3120 CHECK-OFF SYSTEM UNDER PARAGRAPH (1) OF THIS
3130 SUBSECTION, THE FOLLOWING MONEY SHALL BE CRDITED TO
3140 THE FUND: (I) REVENUES FROM THE GENERAL FUND OF THE
3150 STATE; (II) VOLUNTRAY DONATIONS MADE DIRECTLY TO THE
3160 FUND; (III) UNSPENT MONEY THAT IS RETURNED TO THE FUND
3170 BY ELIGIBLE CANDIDATES UNDER THIS TITLE; AND (IV) FINES
3180 COLLECTED BY THE STATE BOARD UNDER THIS TITLE.
3190 (3) IN ACCORDANCE WITH THE PROVISIONS OF THIS TITLE,
3200 THE COMPTROLLER SHALL: (I) CREDIT TO THE FUND ALL
3210 MONEY COLLECTED PURSUANT TO THESE PROVISIONS; AND
3220 (II) MAKE DISBURSEMENTS FROM THE FUND PROMPTLY UPON
3230 RECEIPT OF AN AUTHORIZED REQUEST FROM THE STATE
3240 BOARD.
3250 (B) THE COMPTROLLER SHALL ADMINISTER THE FUND AND
3260 INVEST THE MANEY IN THE FUND, SUBJECT TO THE USUAL
3270 INVESTING PROCEDURES FOR STATE FUNDS.
3280 15A-112.
3290 THIS TITLE MAY BE CITED AS THE PUBLIC FINANCING
3300 CAMPAIGN ACT FOR CANDIDATES FOR THE GENERAL
3310 ASSEMBLY.
3320 Article - Tax - General
3330 10-208.
3340 (a) In addition to the modification under ¤ 10-207 of this subtitle, the amounts
3350 under this section are subtracted from the federal adjusted gross income of
3360 a resident to determine Maryland adjusted gross income.
3370 (O) THE SUBTRACTION UNDER SUBSECTION (A) OF THIS
3380 INCLUDES:
3390 (1) A CONTRIBUTION, NOT TO EXCEED $100, MADE DIRECTLY
3400 TO AN ELIGIBLE CANDIDATE AS SEED MONEY OR AS ANY
3410 OTHER CONTRIBUTION UNDER ARTICLE 33, TITLE 15A OF THE
3420 CODE; AND
3430 (2) A DONATION, NOT TO EXCEED $100, MADE DIRECTLY TO
3440 THE PUBLIC FINANCING CAMPAIGN FUND FOR CANDIDATES
3450 FOR THE GENERAL ASSEMBLY ESTABLISHED UNDER ARTICLE
3460 33, TITLE 15A OF THE CODE.
3470 SECTION 2. AND BE IT FURTHER ENACTED. That this Act shall take
3480 Effect October 1, 2001.
3490 MANDATES: Governor Paris Glendening
3500 Lt. Governor Kathleen Kennedy Townsend
3510 Delegate Dana Lee Dembrow
3520 Delegate Kumar P. Barve
3530 Delegate Elizabeth Bobo
3540 Delegate Virginia Clagett
3550 Delegate Cornel N. Dypski
3560 Delegate Tony Fulton
3570 Delegate Marilyn Goldwater
3580 Delegate Sharon M. Grosfeld
3590 Delegate C. Sue Hecht
3600 Delegate Henry B. Heller
3610 Delegate John A. Hurson
3620 Delegate Mary Ann E. Love
3630 Delegate Adrienne A Mandel
3640 Delegate Salima Siler Marriott
3650 Delegate Maggie McIntosch
3660 Delegate Pauline H. Menes
3670 Delegate Kenneth Montague
3680 Delegate Shane Pindergrass
3690 Delegate Joan Pitkin
3700 Delegate Samuel Rosenburg
3710 Delegate Mary M. Rosso
3720 Delegate Frank S. Turner.
Sponsors:
Matt Burger
Chief of Staff for the Governor
Western Maryland College
2 College Hill
Westminster, MD 21157
(410) 751- 8114
Jeremiah Kelly
Delegation Chair
Western Maryland College
2 College Hill
Westminster, MD 21157
(410) 751-8114
strawman44@hotmail.com