DALLAS - A bill setting the first limits on campaign contributions in New Mexico is awaiting the signature of Gov. Bill Richardson, who is defending himself against claims of receiving "pay-to-play" money from the bond industry.
SB 116 won final passage from the Legislature on Saturday as lawmakers concluded their 2009 session. The bill limits campaign contributions from individuals to $5,000 for candidates for statewide office in the primary season, with another $5,000 allowed in the general election campaign. Legislative candidates are limited to $2,300 in each season from an individual.