Gov. Jeff Colyer signed a transparency bill to increase penalties for failing to file timely reports.

Effective July 1, House Bill 2642 imposes late fees for any report over 48 hours late for candidates, political committees, and lobbyists.

Penalties start at $100 for the first day and $50 for each subsequent day the report is late with a maximum up to $1,000.

The bill also requires lobbyist to file employment and expenditure reports electronically with the Office of the Secretary of State.