California Code of Regulations › Title 2 - Administration › Division 6 - Fair Political Practices Commission › Chapter 4 - Campaign Disclosure › Section 18422.5 - Top Contributor Disclosure by Committees Primarily Formed for State Ballot Measures or Candidates

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Submitting Contributor List to
				Commission.
(1) Under Section
				84223(a), a
				committee primarily formed to support or oppose a state ballot measure or to
				make independent expenditures on a state candidate that raises $1,000,000 or
				more for an election must maintain and submit a list of its top 10 contributors
				to the Commission. A committee must submit its list to the Commission by
				electronic mail, including its committee identification number in the subject
				line of the message.
(2) The list
				of a committee's top 10 contributors must disclose the information required by
				Section 84223(b) on a form
				prescribed by the Commission, or in a substantially similar format or
				spreadsheet approved by the Executive Director. The committee must identify the
				state candidate(s) or ballot measure(s) it is primarily formed to support or
				oppose. And the top 10 list must identify whether a contributor is a recipient
				committee or major donor, and the recipient committee or major donor's
				committee identification number, if applicable.
(3) A committee must submit an updated list
				of its top 10 contributors to the Commission if a new contributor qualifies, an
				existing top contributor makes additional contributions of $5,000 or more in
				the aggregate, or a change occurs in the relative ranking of the contributors,
				as specified in Section
				84223(c)(2), and
				when a reporting committee changes its name to add or delete a ballot measure
				or candidate.
(4) During the 16-day
				period before the election, a committee must submit the list within two
				business days of meeting the requirements in Section
				84223(a) or a
				change in top contributor information or reporting committee name as specified
				in paragraph (3), above. Outside this time period, a committee must submit the
				list within three business days of meeting the requirements in Section
				84223(a) or a
				change in the top contributor information or committee name as specified in
				paragraph (3), above.
(5) If a
				committee lists a state recipient committee on its top 10 contributors list, it
				must provide the names of the top two contributors of $50,000 or more to the
				state recipient committee unless the state recipient committee has
				independently submitted a report under Section
				84223 for the same election. A
				committee is only required to update the top two contributors to a state
				recipient committee under this subdivision if the state recipient committee
				makes an additional contribution to the committee of $5,000 or more.
(A) For purposes of this subdivision, the top
				two contributors to the state recipient committee may be determined by
				reference to campaign reports available online from the Secretary of State's
				Cal-Access System.
(B) A committee,
				which has filed within the applicable deadlines, is considered to have complied
				with this subdivision if the committee makes reasonable efforts to disclose the
				top two contributors to the state recipient committee based upon the following
				criteria:
(i) Top contributors are determined
				for the Cal-Access two-year election period.
(ii) Top contributors are determined at the
				time the report is filed by aggregating contributions from the same source as
				reported by the state recipient committee on Cal-Access as "Contributions
				Received" (contributions reported on Form 460) and "Late and $5000+
				Contributions Received" (contributions reported on Form
				497).