DIGEST OF INTRODUCED BILL
Public financing of political campaigns. Establishes a system of public funding for candidates for governor and the general assembly who agree to limit contributions from private sources and expenditures to the public funds allocated. Establishes the public election campaign fund to finance the election campaigns of participating candidates. Makes an annual appropriation of $5.25 million from the state general fund to the fund. Establishes a voluntary program under which individuals may designate $2 to the fund from the state general fund on their Indiana income tax returns. Provides that money now paid to political committees from personal license plate fees be deposited in the fund. Provides for civil remedies and for imposition of civil and criminal penalties for violations of the campaign finance law. Prohibits an individual who holds a state or a legislative office from making certain mailings with public funds unless the individual has stated publicly that the individual will not seek reelection or election to certain other offices.