HB 1331 - AS AMENDED BY THE SENATE
9march00.....3481h
5/18/00 4569s
5/18/00 4585s
2000 SESSION
03/01
HOUSE BILL 1331
AN ACT relative to campaign contributions by business organizations.
This bill defines segregated accounts and eliminates the prohibition on political contributions by business organizations and labor unions that have established segregated accounts for voluntary contributions.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
5/18/00 4569s
9march00.....3481h
5/18/00 4585s
00-2584
03/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to campaign contributions by business organizations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Political Expenditures and Contributions; Definitions; Segregated Accounts. Amend RSA 664:2 by inserting after paragraph XVII the following new paragraph:
XVIII. "Segregated accounts" means accounts funded by contributions solicited from a business organization's, labor union's, or group of labor unions' employees, officers, shareholders, directors, partners, or members for political purposes.
2 Political Expenditures and Contributions; Prohibited Political Contributions; Segregated Account Exception; Business Organizations. RSA 664:4, I is repealed and reenacted to read as follows:
I. By any business organization, officer, director, executive, agent, partner, or employee acting in behalf of such business organization. This paragraph shall not prohibit the establishment of a separate, segregated account which shall constitute a political committee, as defined in RSA 664:2, III, that operates independently of the business organization to be used for making political contributions and expenditures if such account consists only of voluntary contributions solicited from an individual who is an employee, officer, shareholder, director, partner, or member of the business organization. The provisions of this section shall not apply to sole proprietorships.
3 Political Expenditures and Contributions; Prohibited Political Contributions; Segregated Account Exception; Labor Unions. Amend RSA 664:4, III to read as follows:
III. By any labor union or group of labor unions, or by any officer, director, executive, agent or employee acting in behalf of such union or group of unions; or by any organization representing or affiliated with any such union or group of unions, or by any officer, director, executive, agent or employee acting in behalf of such organization. This paragraph shall not prohibit the establishment of a separate, segregated account which shall constitute a political committee, as defined in RSA 664:2, III, that operates independently of the labor union to be used for making political contributions and expenditures if such account consists only of voluntary contributions solicited from an individual who is an employee, officer, shareholder, director, partner, or member of the labor union.
4 Repeal. RSA 664:4, II, relative to prohibited political contributions by partnerships, is repealed.
5 Effective Date. This act shall take effect upon its passage.