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Governor Opens New Campaign Accounts

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Governor Schwarzenegger is opening two new campaign accounts for political committees allowing him to raise funds for ballot measures and lobbying campaigns in the Legislature.

They could also help finance a possible re-election bid in 2006.

One of the committees — the California Recovery Team — will allow the governor to act as a lobbying organization that stages rallies and other public-relations ventures. The committee will be considered a ballot-measure account under California campaign law — enabling Schwarzenegger to avoid the state´s limits on donations to individual candidates. Donations to the second committee — a 2006 campaign fund — will have to be restricted to $21,200 from individual and corporate contributors under state campaign finance law.

Schwarzenegger aides expect to file the creation of the gubernatorial campaign committee with the secretary of state´s office as soon as tomorrow. The governor´s California Recovery Team was filed Monday.

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