campaign finance reform in CA

I was recently reading in Mother Jones about a ballot initiative that would apply to just one elective office in California. The candidate for this office, Secretary of State, who agrees to only accept money in $5 donations from 7,500 registered voters would receive funding from a special fund from a fee from lobbyists (they would be charged $350). It is called the California Fair Elections Act. Of course, to get the whole story, be sure to read Mother Jones.

The ballot initiative process tends to result in a crazy quilt, or web, of untangle-able, unfunded mandates that drain the public coffer, and make little sense from a public policy perspective. But this one doesn't.