Money transferred to the state elections campaign account.

HF 976 amends Minnesota law to transfer campaign finance funds to the state elections campaign account. It specifies that 97% of money designated by individuals for this account (after deducting 3% for administrative costs) must be moved from the general fund to the campaign account annually. The bill also increases the annual fixed appropriation for general elections from $2.432 million to $4.432 million, which is transferred directly to the campaign account. This directly affects Minnesota’s election financing system by increasing available funding for statewide election campaigns.