What are the rules regarding campaign finance disclosures?

Campaign finance disclosure rules are put in place to ensure transparency and fairness in elections. In Illinois, candidates for state and local office must disclose their sources of contributions and how the money is being spent. This information is made available to the public to ensure transparency, so that people can see who is funding campaigns and what is being spent on. For state and local campaigns, finance disclosure documents must be filed on a quarterly basis. These documents must include details such as the name, address, occupation, and employer of each donor who contributed more than $1,000. Candidates must also disclose the amount of money received from each donor, as well as the type of spending (such as advertising or travel expenses). They must also report any loans or other debt obligations, including the rate of interest, term of repayment, and name of lender. In addition, Illinois campaigns must complete an annual report of receipts and expenditures. This report must include details such as total contributions received and total expenditures made. It must also include information about any independent expenditures made, which are expenditures spent on behalf of a candidate which is not given to or controlled by the candidate or party. Lastly, candidates must issue itemized invoices for any payment made of more than $150 to any vendor or individual. This information must also be filed with the state. By providing this level of transparency, the public is able to make informed decisions when casting their votes.

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What are the rules regarding campaign finance disclosures?

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