An Act amending campaign contribution limits for state and local office; directing the Alaska Public Offices Commission to adjust campaign contribution limits for state and local office once each decade beginning in 2031; and relating to campaign contribution reporting requirements.

SB 116 amends Alaska's campaign contribution limits for state and local elections, setting new caps such as $2,000 per election cycle for individual donations to candidates. It requires the Alaska Public Offices Commission to automatically adjust these limits every decade starting in 2031 using the Consumer Price Index for urban Alaska, rounded to the nearest $50. The bill directly affects candidates, donors, and political groups participating in Alaska's state and local elections by changing contribution rules and reporting requirements. Key provisions include updated yearly limits for political parties ($5,000) and joint gubernatorial campaigns ($8,000 per cycle), with adjustments tied to inflation. The changes aim to update contribution rules while preserving election integrity, as noted in the legislative findings.