August 24, 2010 •
California campaign finance bill passes the Assembly and now goes to the Senate.
Anyone running for election to the boards of California’s two pension funds will have to disclose their campaign contributions, according to a bill that just passed the California Assembly.
The bill now heads to the senate.
According to the Associated Press:
“Under the bill, candidates would have to disclose any contribution of $5,000 or more within 10 days of receiving it and any contribution of $1,000 or more within 24 hours during the period immediately before an election.”
Here is the Associated Press source article by Cathy Bussewitz: “Disclosure considered for California pension boards”
Photo of the CalPERS headquarters by Coolcaesar on Wikipedia.
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