Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The first paragraph of section 9 of chapter 55 of the General Laws, as appearing in the 1994 Official Edition, is hereby amended by inserting after the word "check", in line 13, the following words:- or by direct deposit in accordance with section nine A.
SECTION 2. Said chapter 55 is hereby further amended by inserting after section 9 the following section:-
Section 9A. A political action committee may accept contributions of money from individual contributors by direct deposit of funds into the committee's bank account by wire transfer or other electronic means; provided, however, that said contributor provides the political action committee with a true copy of the signed authorization card provided by the contributor to said contributor's bank or other financial institution. Said authorization card shall include (1) the name and residential address of the contributor, (2) the occupation and employer or employers of any contributor whose authorization card authorizes a contribution of two hundred dollars or more or periodic contributions which in the aggregate exceed or may exceed two hundred dollars or more within any one calendar year, and (3) the amount and payment period, if any, of each contribution. In addition, the authorization card shall include a statement that the contributor's authorization may be revoked by the contributor at any time by written notice from the contributor to the contributor's bank or other financial institution.
SECTION 3. The eleventh paragraph of section 18 of said chapter 55, as appearing in the 1994 Official Edition, is hereby amended by striking out, in line 398, the word "and",- and by striking out, in line 401, the word "funds." and inserting in place thereof the following:- funds; and
(15) in the event of a dissolution of a political action committee, a statement that the political action committee has not received contributions pursuant to section nine A or, if it has received such contributions, a statement that the political action committee has given sixty days written notice of its intended dissolution to any contributor and said contributor's bank or other financial institution currently making contributions pursuant to said section nine A.