SB 502

Campaign finance; prohibited contributions to candidates. Prohibits candidates, campaign committees, and political committees from soliciting or accepting contributions from any public utility, as defined in relevant law, and prohibits any public utility or political action committee established by such public utility from making any such contribution. The bill also provides that its provisions shall not be construed to prohibit the solicitation or acceptance of contributions from a political action committee established by the employees of a public utility. Under the bill, such political action committee may be administered by the public utility so long as no general treasury funds of the public utility are used for the purposes of making contributions to any candidate, campaign committee, or political committee.