Limits the amount of money that may be loaned to candidates and political committees.
The bill amends the election law to limit the amount of money that may be loaned to candidates and political committees. It specifies that outstanding loans shall be included in determining the aggregate amount of contributions until such loan is repaid. The bill sets different maximum loan limits for various types of elections, including state senator, member of the assembly, and public office. It also includes provisions for calculating the maximum loan amounts based on the number of registered or enrolled voters in the district or state.
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- Critical Issues
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