00                            SENATE BILL NO. 17                                                                          
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)  $700 [$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(c) is amended to read:                                                                      
11            (c)  A group that is not a political party may contribute not more than $1,400                           
12       [$1,000] per year                                                                                                 
13                 (1)  to a candidate, or to an individual who conducts a write-in                                        
14       campaign as a candidate;                                                                                          
15                 (2)  to another group, to a nongroup entity, or to a political party.                                   

01    * Sec. 3. AS 15.13.070(f) is amended to read:                                                                      
02 (f)  A nongroup entity may contribute not more than $1,400 [$1,000] a year to                                       
03 another nongroup entity for the purpose of influencing the nomination or election of a                                  
04 candidate, to a candidate, to an individual who conducts a write-in campaign as a                                       
05       candidate, to a group, or to a political party.                                                                   
06    * Sec. 4. AS 15.13.070(g) is amended to read:                                                                      
07            (g)  Where contributions are made to a joint campaign for governor and                                       
08       lieutenant governor,                                                                                              
09                 (1)  an individual may contribute not more than $1,400 [$1,000] per                                 
10       year; and                                                                                                         
11                 (2)  a group may contribute not more than $2,800 [$2,000] per year.                                 
12    * Sec. 5. AS 15.13.070 is amended by adding a new subsection to read:                                              
13 (h)  Beginning in the first quarter of calendar year 2024 and every four years                                          
14 thereafter, the commission shall, by regulation, adjust the contribution limitations set                                
15 out in this section by a percentage equal to the percentage of increase over the                                        
16 preceding four-year period in all items of the Consumer Price Index for all urban                                       
17       consumers for Anchorage, Alaska, rounded to the nearest $10 increment.                                            
18    * Sec. 6. This Act takes effect immediately under AS 01.10.070(c).