May 20, 2008, Introduced by Senator SCHAUER and referred to the Committee on Campaign and Election Oversight.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
by amending section 54 (MCL 169.254), as amended by 1995 PA 264.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 54. (1) Except with respect to the exceptions and
conditions in subsections (2) and (3) and section 55, and to loans
made in the ordinary course of business, a corporation, joint stock
company, domestic dependent sovereign, or labor organization shall
not make a contribution or expenditure or provide volunteer
personal services that are excluded from the definition of a
contribution
pursuant to under section 4(3)(a).
(2) An officer, director, stockholder, attorney, agent, or any
other person acting for a labor organization, a domestic dependent
sovereign, or a corporation or joint stock company, whether
incorporated under the laws of this or any other state or foreign
country, except corporations formed for political purposes, shall
not make a contribution or expenditure or provide volunteer
personal services that are excluded from the definition of a
contribution
pursuant to under section 4(3)(a).
(3) A corporation, joint stock company, domestic dependent
sovereign, or labor organization may make a contribution to a
ballot question committee subject to this act. A corporation, joint
stock company, domestic dependent sovereign, or labor organization
may make an independent expenditure in any amount for the
qualification, passage, or defeat of a ballot question. A
corporation, joint stock company, domestic dependent sovereign, or
labor organization that makes an independent expenditure under this
subsection is considered a ballot question committee for the
purposes of this act.
(4) A person shall not accept a contribution that is
prohibited by this section.
(5) (4)
A person who knowingly violates
this section is guilty
of a felony punishable, if the person is an individual, by a fine
of not more than $5,000.00 or imprisonment for not more than 3
years, or both, or, if the person is not an individual, by a fine
of not more than $10,000.00.
Enacting section 1. This amendatory act is curative and
intended to correct any misinterpretation by the secretary of state
that this section does not prohibit a person from accepting a
contribution that is prohibited by this section.