HB127 Alabama 2020 Session

Under existing law, a candidate, public official, or principal campaign committee may accept, solicit, or receive campaign contributions for a period of 120 days following an election for the purpose of paying down campaign debt

This bill would require a candidate, public official, or principal campaign committee who accepts, solicits, or receives campaign contributions during the 120-day period after the election in order to pay down campaign debt to report the campaign debt to the appropriate filing official and would prohibit a candidate from accepting contributions that exceed the amount reported

This bill would create the Campaign Debt Clarification Act

Relating to campaign finance; to amend Sections 17-5-2, 17-5-7, 17-5-8, and 17-5-9, Code of Alabama 1975; to create the Campaign Debt Clarification Act; to require a candidate, public official, or principal campaign committee who accepts, solicits, or receives campaign contributions to pay down campaign debt during the 120-day period after the election to report the campaign debt to the appropriate filing official; and to limit a candidate, public official, or principal campaign committee from accepting, soliciting, or receiving campaign contributions in excess of the amount of campaign debt reported.