AB760,42 Section 42. 11.1001 (1) (b) 1. of the statutes is amended to read:

AB760,,100 11.1001 (1) (b) 1. The dates on which the person incurred the obligations or made the disbursements.

AB760,43 Section 43. 11.1001 (1) (b) 2. of the statutes is amended to read:

AB760,,102 11.1001 (1) (b) 2. The name and address of the obligees or persons who received the disbursements.

AB760,44 Section 44. 11.1001 (1) (b) 3. of the statutes is amended to read:

AB760,,104 11.1001 (1) (b) 3. The purpose for making the disbursements or incurring the obligations.

AB760,45 Section 45. 11.1001 (1) (b) 4. of the statutes is amended to read:

AB760,,106 11.1001 (1) (b) 4. The amount spent or incurred for each act of express advocacy.

AB760,46 Section 46. 11.1001 (3) of the statutes is renumbered 11.1001 (3) (intro.) and amended to read:

AB760,,108 11.1001 (3) Timing. (intro.) A person who is required to report under this section shall submit the report to the commission no later than 72 hours after making the disbursements. the earliest of the following:

AB760,47 Section 47. 11.1001 (3) (a) of the statutes is created to read:

AB760,,110 11.1001 (3) (a) The date the obligation for express advocacy is incurred, if the person has the information required to be reported under sub. (1) (b).

AB760,48 Section 48. 11.1001 (3) (b) of the statutes is created to read:

AB760,,112 11.1001 (3) (b) The date the express advocacy is aired, broadcast, printed, or otherwise disseminated to individuals other than any of the following:

AB760,,113 1. The person, if the person is an individual.

AB760,,114 2. The person’s officers, directors, partners, employees, or volunteers, if the person consists of two or more individuals.

AB760,,115 3. The person’s producer, consultant, media production partner, or focus group.

AB760,49 Section 49. 11.1001 (3) (c) of the statutes is created to read:

AB760,,117 11.1001 (3) (c) The date of the disbursement.

AB760,50 Section 50. 11.1114 of the statutes is repealed and recreated to read:

AB760,,119 11.1114 Two candidate committees. (1) (a) A candidate who has established two candidate committees pursuant to s. 11.0202 (2) may transfer funds between the two committees as provided in this subsection.

AB760,,120 (b) The first candidate committee may transfer funds to the second candidate committee, subject to all of the following:

AB760,,121 1. Any money contributed to the first candidate committee in a prior contribution limit period is the property of the first committee. If the first candidate committee makes a contribution to the second candidate committee from funds received by the first candidate committee during a prior contribution limit period, that contribution is considered a contribution from the first candidate committee, subject to the contribution limits under s. 11.1101 (2) applicable to the second candidate committee.

AB760,,122 2. The first candidate committee may transfer a contribution, or any portion of a contribution, received by the first candidate committee during the current contribution limit period to the second candidate committee. Such a transfer is considered a contribution from the original contributor to the first candidate committee and does not violate s. 11.1202 or 11.1204. The transfer is subject to the contribution limits under s. 11.1101 applicable to the second candidate committee. A contribution or portion of a contribution that is transferred may not be included when determining whether the contributor has reached or exceeded the applicable contribution limits for the first candidate committee for the current contribution period. The second candidate committee shall count all contributions directly received from the contributor and all contributions from the contributor that are transferred from the first candidate committee to determine whether a contributor has reached or exceeded the applicable contribution limits for the current contribution limit period.

AB760,,123 (c) The second candidate committee may only transfer funds to the first candidate committee when the second candidate committee is terminating pursuant to s. 11.0105. Such a transfer is considered a contribution from the original contributor to the second candidate committee and is subject to the contribution limits under s. 11.1101 that apply to contributions from the original contributor for contributions made to the first candidate committee.

AB760,,124 (2) (a) For a contribution under sub. (1) (b) 1., the first candidate committee shall report the contribution to the second candidate committee as a disbursement to the second candidate committee and the second candidate committee shall report receiving the contribution from the first candidate committee.

AB760,,125 (b) The candidate committees shall report a transfer under sub. (1) (b) 2. as follows:

AB760,,126 1. The first candidate committee shall report receiving the contribution from the original contributor.

AB760,,127 2. The first candidate committee shall report transferring the contribution as a disbursement to the second candidate committee.