Not exact matches
The Assembly voted to close the LLC loophole in campaign finance laws,
cap contributions by limited
liability corporations at $ 5,000 and require them to identify the individuals who make the donations in the LLC's name, and limit lawmakers» outside income to 40 percent of the
annual salary of state Supreme Court justices.
In order to legally get around the state's $ 150,000
annual political donation
cap on contributions, Litwin's donations, which have largely been to support Republican candidates, have been through limited
liability companies associated with Glenwood.
A hybrid approach seeks to benefit from a minimum number whilst ensuring the
cap remains proportionate to the contract value over time, eg «The
cap on
liability shall be 200 % of the
annual contract value or $ 3m whichever is higher [lower]».