HBA-DMH, CMT H.B. 441 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 441 By: Madden Elections 2/25/2001 Introduced BACKGROUND AND PURPOSE According to Ethics Advisory Opinion 1984-2 the law allows a person to retain unexpended campaign contribution for six years after that person is no longer a candidate or officeholder. House Bill 441 reduces from 6 to 4 years the period of time during which a person may retain unexpended campaign contributions. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 441 amends the Election Code to prohibit a person from retaining political contributions, assets purchased with political contributions, or interest and other income earned on the contributions for more than four years after the date the person leaves office or the date of the most recent election in which the person was a candidate, whichever is later. The bill removes the provision that a person may not retain political contributions for more than six years after filing a final report relating to unexpected political contributions. EFFECTIVE DATE September 1, 2001.