STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

SENATE BILL 460	By:	Bingman

AS INTRODUCED

An Act relating to state government; amending Section 2, Chapter 320, O.S.L. 2004 (74 O.S. Supp. 2010, Section 4259), which relates to political action committees and party committees; clarifying reference; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     Section 2, Chapter 320, O.S.L. 2004 (74 O.S. Supp. 2010, Section 4259), is amended to read as follows:
Section 4259.  A.  As used in this section, “committee” means a political action committee or a party committee as defined in the rules of the Ethics Commission.  Committee shall not include a candidate committee as defined in the rules of the Ethics Commission.
B.  Any committee which accepts contributions or makes expenditures in excess of Five Hundred Dollars ($500.00) in the aggregate in this state in a calendar year shall file a statement of organization with the Ethics Commission no later than five (5) days after accepting such contributions or making such expenditures.  Each statement of organization shall be accompanied by a registration fee in the amount of Fifty Dollars ($50.00).
C.  A new statement of organization shall be filed by a committee each year the committee continues its registration.  Such statements shall be filed between January 1 and January 31 of each year and shall be accompanied by the registration fee as set forth in subsection B of this section.  The registration fee shall be received no later than January 31 of each year.
D.  Any campaign contribution and expenditure reports required to be filed by the rules of the Ethics Commission and which may not have been filed for the previous calendar year shall be filed by the committee at the same time the registration fee is paid.  The Commission may not renew a registration until the committee is in compliance with the provisions of this section.  A previously registered committee shall not accept contributions or make expenditures until such committee is in compliance with the provisions of this section.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-431	CD	1/18/2011 3:03:09 PM