Increases matching funds for candidates in Hawaii's partial public financing program and adjusts expenditure limits.

The bill amends Hawaii's partial public financing program for candidates by raising the cap on matching funds to sixty-seven percent of the expenditure limit and increasing the cap on candidate expenditures by twenty percent. It also adjusts the matching fund ratio from $1 for each $1 of qualifying contributions to $2 for each $1 of qualifying contributions in excess of the minimum. The bill appropriates $16,000,000 for fiscal year 2025-2026 to fund the program. The changes aim to mitigate the influence of large private donors and ensure adequate funding for the program.

Increases matching funds for candidates in Hawaii's partial public financing program and adjusts expenditure limits.

The bill amends Hawaii's partial public financing program for candidates by raising the cap on matching funds to sixty-seven percent of the expenditure limit and increasing the cap on candidate expenditures by twenty percent. It also adjusts the matching fund ratio from $1 for each $1 of qualifying contributions to $2 for each $1 of qualifying contributions in excess of the minimum. The bill appropriates $16,000,000 for fiscal year 2025-2026 to fund the program. The changes aim to mitigate the influence of large private donors and ensure adequate funding for the program.