http://www.wvgazette.com/section/News/Today/2005020721Bills intended to require greater financial disclosure and to curb contributions to so-called 527 organizations, and to launch a pilot project for publicly financed elections won endorsement from a legislative interim committee Monday.
One draft bill recommended by the Select Committee on Campaign Finance Reform would try to get a handle on the proliferation of ads by groups such as And For the Sake of the Kids, which bought huge amounts of negative advertising in last year’s Supreme Court election. The groups are called 527 groups, after the section of the Internal Revenue Service code that covers them.
Under the bill, any person or group spending more than $10,000 on election-related advertising would have to file a disclosure with the state Elections Commission detailing all expenditures over $1,000, as well as the names of contributors.
public financing? wow