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121.005 Legislative findings on electronic storage and retrieval of campaign finance information.

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Page 1 of 1 121.005 Legislative findings on electronic storage and retrieval of campaign finance information. (1) The General Assembly finds and declares that: (a) The intent of disclosure of campaign finance information is to make that information about the role of money in politics accessible to the public; (b) The volume of campaign finance reports submitted each year to the state renders it virtually impossible, without the help of computer technology, to <br>derive meaningful conclusions from the records; (c) Computer automation is a necessary and effective means of transmitting, organizing, storing, and retrieving vast amounts of data submitted by <br>candidates in election campaigns; and (d) Although candidates are currently permitted to file campaign finance reports electronically if they so choose, very few candidates have chosen to do so, and <br>therefore access to campaign finance data through electronic or on-line <br>technology is limited. (2) The General Assembly enacts this legislation to accomplish the following: (a) To improve the existing system of electronic reporting and extend its usage to more candidates; (b) To allow concerned persons easy, convenient, and timely access to campaign finance reports submitted to the state; (c) To ease the burden on candidates and committees of tabulating, filing, and maintaining public records of financial activity; (d) To strengthen both the disclosure and enforcement capabilities of the Registry of Election Finance; (e) To cooperate in the standardization of reporting formats among states so that interstate as well as intrastate sources of political money can be known; (f) To provide for a fully informed electorate; and <br>(g) To help restore public trust in the governmental and electoral institutions of this state. Effective: July 14, 2000 <br>History: Created 2000 Ky. Acts ch. 398, sec. 1, effective July 14, 2000.