NM State Senator Introduces Bill to Strengthen Public Financing, Disclosure Laws

Albuquerque Business First (12/23): “Wirth’s bill, SB58, is 20 pages long and would make a litany of changes to New Mexico’s public-financing and spending-disclosure regulations. It would prohibit unopposed candidates from collecting funds, bar the use of campaign funds to compensate candidates or their families and give matching funds on small contributions to publicly-financed candidates who are outspent by privately-financed candidates.

“The bill also provides a definition for ‘coordination,’ something currently lacking in state law. Nonprofits are currently required to disclose the source of funds spent in coordination with electoral campaigns, but the law provides no guidance as to what constitutes coordination. Wirth’s bill provides a simple fix, defining ‘coordinated expenduture’ as ‘a campaign expenditure by a person other than a candidate’s campaign that is made at the direction or request of, or in cooperation, consultation or concert with, that candidate’s campaign or any agent or representative of that candidate’s campaign.'”

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