It is the policy of this state to provide for state-wide elections in which all qualified candidates may compete effectively. A method of public financing for campaigns for state-wide office shall be established by law. Spending limits shall be established for such campaigns for candidates who use public funds in their campaigns. The legislature shall provide funding for this provision. General law implementing this paragraph shall be at least as protective of effective competition by a candidate who uses public funds as the general law in effect on January 1, 1998.

No candidate for a public office, which will be held in The State of Florida if that candidate is elected, shall accept election donations, gifts, property, money or any other type of financial help, which exceeds Five Hundred Dollars, from persons, companies, governments, or other financial sources, whose primary place of residence is outside The State of Florida, which is based outside The State of Florida, or who do business exclusively outside of The State of Florida.

The only exception to this law would be monies from a national political party to which the candidate belongs, unless the out of state financial source is "laundering money" through that political party by intentionally making large donations to it, with the intention of that political party giving that particular source of funding to one specific candidate, in order to circumvent this law in which case the candidate will be in violation of this law. Any candidate who violates this law shall be subject to disqualification and removal from all election ballots on which they appear, and/or fined, and/or jailed, as determined by a judge depending on the severity of the violation.