Colorado Campaign Finance Act (1996)
From Ballotpedia
Colorado Amendment 15, also known as the Campaign Finance Act, was on the November 7, 1996 election ballot in Colorado. It passed, with 65.8% of voters in favor.
Text of the proposal
The language that appeared on the ballot:
The proposed amendment to the Colorado Revised Statutes: - Reduces the amount of money, goods, and services that individuals can contribute to legislative and statewide candidates for office, and limits the amount they can contribute to political parties and political committees; - Further limits the amount of money that political committees can contribute to candidates, and sets a total amount that a candidate can accept from all political committees; - Specifies amounts that political parties can contribute to candidates; - Sets voluntary spending limits for political races, encourages candidates to voluntarily agree to those limits, and establishes penalties for candidates who exceed the limits; - Prohibits contributions between candidate committees; - Specifies how moneys left over from a campaign may be used by a candidate, and limits the amount a candidate may keep for future campaigns; and - Requires candidates, political committees, and political parties to disclose amounts and sources of contributions monthly during an election year.
