HB 22-1060

House Bill 22-1060 sets limits on how much money individuals and small donor committees can give to candidates running for school district director in Colorado. Starting July 1, 2022, individuals are limited to contributing $2,500 per candidate, while small donor committees have a limit of $25,000 per candidate. These limits will adjust for inflation over time. The bill also requires candidates to disclose their campaign contributions to the Secretary of State’s office. This means that from now on, donations to school district director campaigns will be capped and more transparent.

Official Summary

Current law regulating campaign finance does not set limits on contributions to candidates for school district director. The act: Sets aggregate limits on contributions to candidates for school district director from persons other than small donor committees for any regular biennial or special school election in the amount of $2,500; and Sets aggregate limits on contributions to candidates for school district director from small donor committees for any regular biennial or special school election in the amount of $25,000. The act requires that these aggregate contribution limits be periodically adjusted for inflation consistent with other contribution limits. The new contribution limits are subject to existing statutory provisions governing the disclosure of campaign contributions. The act contains requirements governing when a candidate for school district director is required to disclose information concerning campaign contributions and clarifies that such candidates are required to file their disclosure with the secretary of state. The act applies to the portion of any election cycle or for the portion of the calendar year remaining after July 1, 2022, and for any election cycle or calendar year commencing after said date. For the 2022-23 state fiscal year, the act appropriates $7,500 to the department of state for hardware/software maintenance required for the act's implementation. (Note: This summary applies to this bill as enacted.)

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