ASSEMBLY STATE GOVERNMENT COMMITTEE

 

STATEMENT TO

 

ASSEMBLY, No. 1262

 

STATE OF NEW JERSEY

 

DATED: FEBRUARY 5, 1996

 

      The Assembly State Government Committee reports favorably Assembly, No. 1262.

      This bill increases the limit on spending imposed on a gubernatorial candidate in a primary election who accepts public financing to $3,500,000 for the 1997 gubernatorial primary election. That limit in the 1993 gubernatorial primary election was $2,600,000 as a result of adjustments for inflation in campaign costs.

      The bill also provides that this amount shall be the basis for calculating the next inflation adjustment to determine the limit for the primary elections after 1997.

      This legislation would implement a May 18, 1994 recommendation of the New Jersey Election Law Enforcement Commission.

      This bill was prefiled for introduction in the 1996 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.