SB206: AN ACT relating to campaign finance.

Legislative Summary

Amend KRS 121.015, relating to campaign finance, to define terms; create new sections of KRS Chapter 121 to establish reporting and record retention requirements for political issues committees and persons making independent expenditures; prohibit political issues committees from knowingly and willfully soliciting or accepting contributions from prohibited sources; establish certification requirements for treasurers of political issues committees and donors making contributions and independent expenditures; define activity that creates a presumption of a violation; prohibit foreign nationals from making a donation, contribution, or expenditure, soliciting another person to make a donation, contribution, or expenditure, or participating in another person's decision to influence a ballot measure; establish a cause of action for accepting or soliciting contributions from prohibited sources and failing to certify, report, or retain records; establish a right of privacy in donations to tax-exempt organizations; establish a penalty for a state or local governmental entity, court, or officer of the court that violates the right of privacy; amend KRS 121.190 to require a "paid for by" disclosure for advertisements advocating or opposing a ballot measure.