Proposed Legislation 2026 Legislative Session

A bill to be entitled

An act relating to fund transfers between political entities; creating s. 106.38, F.S.; prohibiting a political committee or electioneering communications organization from transferring funds to another political entity; amending s. 106.011, F.S.; revising the definition of the term "contribution" to conform to changes made by the act; amending s. 106.07, F.S.; conforming provisions to changes made by the act; providing an effective date.

Be It Enacted by the Legislature of the State of Florida:

Section 1.  Section 106.38, Florida Statutes, is created to read:

106.38  Transfer of political committee and electioneering communications organization funds.—A political committee or electioneering communications organization may not transfer funds to another political committee, electioneering communications organization, political party, or affiliated party committee.

Section 2.  Paragraph (b) of subsection (5) of section 106.011, Florida Statutes, is amended to read:

106.011  Definitions.—As used in this chapter, the following terms have the following meanings unless the context clearly indicates otherwise:

(5)  "Contribution" means:

(b)  A transfer of funds between political committees, between electioneering communications organizations, or between any combination of these groups.

Notwithstanding the foregoing meanings of "contribution," the term may not be construed to include services, including, but not limited to, legal and accounting services, provided without compensation by individuals volunteering a portion or all of their time on behalf of a candidate or political committee or editorial endorsements.

Section 3.  Paragraph (a) of subsection (4) of section 106.07, Florida Statutes, is amended to read:

106.07  Reports; certification and filing.—

(4)(a)  Except for daily reports, to which only the contributions provisions below apply, and except as provided in paragraph (b), each report required by this section must contain:

1.  The full name, address, and occupation, if any, of each person who has made one or more contributions to or for such committee or candidate within the reporting period, together with the amount and date of such contributions. For corporations, the report must provide as clear a description as practicable of the principal type of business conducted by the corporation. However, if the contribution is $100 or less or is from a relative, as defined in s. 112.312, provided that the relationship is reported, the occupation of the contributor or the principal type of business need not be listed.

2.  The name and address of each political committee from which the reporting committee or the candidate received, or to which the reporting committee or candidate made, any transfer of funds, together with the amounts and dates of all transfers.

3.  Each loan for campaign purposes to or from any person or political committee within the reporting period, together with the full names, addresses, and occupations, and principal places of business, if any, of the lender and endorsers, if any, and the date and amount of such loans.

4.  A statement of each contribution, rebate, refund, or other receipt not otherwise listed under subparagraphs 1. through 3.

5.  The total sums of all loans, in-kind contributions, and other receipts by or for such committee or candidate during the reporting period. The reporting forms shall be designed to elicit separate totals for in-kind contributions, loans, and other receipts.

6.  The full name and address of each person to whom expenditures have been made by or on behalf of the committee or candidate within the reporting period; the amount, date, and purpose of each such expenditure; and the name and address of, and office sought by, each candidate on whose behalf such expenditure was made. However, expenditures made from the petty cash fund provided by s. 106.12 need not be reported individually.

7.  The full name and address of each person to whom an expenditure for personal services, salary, or reimbursement for authorized expenses as provided in s. 106.021(3) has been made and which is not otherwise reported, including the amount, date, and purpose of such expenditure. However, expenditures made from the petty cash fund provided for in s. 106.12 need not be reported individually. Receipts for reimbursement for authorized expenditures shall be retained by the treasurer along with the records for the campaign account.

8.  The total amount withdrawn and the total amount spent for petty cash purposes pursuant to this chapter during the reporting period.

9.  The total sum of expenditures made by such committee or candidate during the reporting period.

10.  The amount and nature of debts and obligations owed by or to the committee or candidate, which relate to the conduct of any political campaign.

11.  Transaction information for each credit card purchase. Receipts for each credit card purchase shall be retained by the treasurer with the records for the campaign account.

12.  The amount and nature of any separate interest-bearing accounts or certificates of deposit and identification of the financial institution in which such accounts or certificates of deposit are located.

13.  The primary purposes of an expenditure made indirectly through a campaign treasurer pursuant to s. 106.021(3) for goods and services such as communications media placement or procurement services, campaign signs, insurance, and other expenditures that include multiple components as part of the expenditure. The primary purpose of an expenditure shall be that purpose, including integral and directly related components, that comprises 80 percent of such expenditure.

Section 4.  This act shall take effect July 1, 2026.