Opinion No.

The Honorable W.J. "Bill" McCuen Secretary of State State Capitol Little Rock, Arkansas 72201

Dear Mr. McCuen:

This is in response to your request for an opinion on five questions concerning the "Disclosure Act for Public Initiatives, Referendums, and Measures Referred to Voters by the General Assembly," codified at A.C.A. § 7-9-401 et seq. Your questions will be set out below and answered in the order posed.

Your first question is as follows:

1. What is the threshold necessary for a committee or an individual to file the first disclosure report? A.C.A. § 7-9-406 appears to require an expenditure…