SB 155: "An Act relating to political contributions; and providing for an effective date."

00 SENATE BILL NO. 155 01 "An Act relating to political contributions; and providing for an effective date." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 15.13.070(b) is amended to read: 04 (b) An individual may contribute not more than 05 (1) $1,000 [$500] per year to a nongroup entity for the purpose of 06 influencing the nomination or election of a candidate, to a candidate, to an individual 07 who conducts a write-in campaign as a candidate, or to a group that is not a political 08 party; 09 (2) $5,000 per year to a political party. 10 * Sec. 2. AS 15.13.070 is amended by adding a new subsection to read: 11 (h) Beginning in the first quarter of calendar year 2026 and every four years 12 thereafter, the commission shall, by regulation, adjust the contribution limitations set 13 out in this section by a percentage equal to the percentage of increase over the 14 preceding four-year period in all items of the Consumer Price Index for all urban 15 consumers for Anchorage, Alaska, rounded up to the nearest $10 increment.

01 * Sec. 3. AS 15.13.072(g) is amended to read: 02 (g) While the legislature is convened in a regular or special legislative 03 session, [A CANDIDATE OR] an individual who has filed with the commission the 04 document necessary to permit that individual to incur election-related expenses under 05 AS 15.13.100 for election or reelection to the office of governor or lieutenant governor 06 may not solicit or accept a contribution to be used for the purpose of influencing the 07 outcome of an election under this chapter unless 08 (1) it is an election in which the individual is a candidate, either 09 individually or as a part of a joint campaign for governor and lieutenant 10 governor; 11 (2) the solicitation or acceptance occurs during the 90 days 12 immediately preceding that election; and 13 (3) the solicitation or acceptance occurs in a place other than [IN] 14 the capital city or a municipality in which [WHILE] the legislature is convened in [A 15 REGULAR OR] special [LEGISLATIVE] session if the legislature is convened in a 16 municipality other than the capital city. 17 * Sec. 4. AS 15.13.072(a)(2) and 15.13.072(e) are repealed. 18 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).