OLR Bill Analysis

HB 6290 (as amended by House “A”)*

AN ACT CONCERNING DONATIONS MADE FROM JOINT CHECKING ACCOUNTS.

SUMMARY:

This bill creates an exception to the law that generally requires campaign treasurers to attribute campaign contributions from a joint checking account to the individual who signs the check.

Under the bill, joint checking account holders may submit a check signed by one account holder that includes a donation from each individual on the account, provided the account holders submit a signed statement indicating how to allocate the contribution.

By law, unchanged by the bill, if more than one account holder signs the check, treasurers must divide it equally among them, unless they submit a statement indicating how to allocate the contribution differently. Currently, the statement must be written. The bill instead requires that it be signed.

*House Amendment “A” requires that joint account holders submit signed, rather than written, statements.

EFFECTIVE DATE: Upon passage

COMMITTEE ACTION

Government Administration and Elections Committee

Joint Favorable

Yea

14

Nay

0

(04/05/2013)