HB 105 has passed the Legislature with unanimous support! HB 105 Electronic Reporting Requirements sponsored by Rep. Jim Smith and Sen. Daniel Ivey-Soto is now headed to the Governor!
House Bill 105 amends the Campaign Reporting Act and the Lobbyist Regulation Act to require electronic filing of contribution and expenditure reports. The bill requires the Secretary of State’s office to maintain the filing data in an open and structured format so that it may be easily searched by the public and to provide for cross-checking and compliance monitoring.
The bill also requires lobbyists to report each expenditure of $75 or more, unlike the current language which allows cumulative reporting. Additionally, the bill requires lobbyists to report whether contributions came from the lobbyist’s employer or from the lobbyist on the lobbyist’s own behalf.
FOG is proud to have worked with Common Cause New Mexico and the Secretary of State’s Office to support these much-needed changes to the current reporting system.