New Jersey Administrative Code › Title 19 - OTHER AGENCIES › ELECTION LAW ENFORCEMENT COMMISSION › Chapter 25 - REGULATIONS OF THE ELECTION LAW ENFORCEMENT COMMISSION › Subchapter 16 - PUBLIC FINANCING OF PRIMARY ELECTION FOR GOVERNOR › Section 19:25-16.11 - Contributions eligible for match

Current through Register Vol. 56, No. 14, July 15, 2024
(a) To be
				  eligible for matching with public funds for a gubernatorial primary election, a
				  contribution must have been received by a candidate at a time when that candidate
				  was seeking or had sought nomination for election for the office of Governor, or
				  must have been received by the candidate for the purpose of determining whether or
				  not to become a candidate for nomination for election to the office of Governor. Any
				  funds received prior to the inception of such a candidacy shall not be eligible for
				  match. Any funds received from the housekeeping account of a State political party
				  committee or county political party committee authorized pursuant to N.J.S.A.
				  19:44A-10.2 shall not be eligible for match.
(b) The campaign treasurer, or deputy campaign
				  treasurer, of the candidate shall open a matching fund account in a national or a
				  State bank pursuant to
				  N.J.S.A.
				  19:44A-32, which shall be the designated Matching
				  Fund Account of (name of candidate for the office of Governor) and in which
				  contributions eligible for match may be deposited. Such deposit shall be made within
				  10 days of receipt.
(c) Only
				  contributions in cash or by check, money order, or negotiable instruments shall be
				  contributions eligible for match. Loans shall not be eligible for match. In-kind
				  contributions shall not be eligible for match, but will count toward the individual
				  contribution limit of $ 4,900 and the overall expenditure limit contained at
				  N.J.S.A. 19:44A-7,
				  except for expenses not subject to expenditure limits pursuant to
				  N.J.A.C.
				  19:25-16.27. The total of all contributions
				  eligible for match from any person, candidate committee, joint candidates committee,
				  political committee, continuing political committee, political party committee, or
				  legislative leadership committee shall not exceed $ 4,900 in the
				  aggregate.
(d) A maximum of $ 4,900 in
				  the aggregate of a candidate's own funds may be deposited in the matching fund
				  account.
(e) Every contribution eligible
				  for match must be accompanied by a written statement which shall identify the
				  individual making the contribution by full name and full mailing address (number,
				  street, city, state, zip code), the name of the candidate, the amount and date of
				  receipt of the contribution, and shall bear the signature of the contributor. The
				  requirement of such written statement will be deemed to be satisfied in the case
				  where a contribution is made by means of a check, money order or other negotiable
				  instrument payable on demand and to the order of, or specially endorsed without
				  qualification to, the candidate or to his or her campaign committee, if such check,
				  money order or instrument contains all of the foregoing information.
(f) A contribution received from a contributing
				  member of a political committee or continuing political committee that has made a
				  prior contribution to the candidate shall be eligible for matching funds, provided
				  that the political committee is a bona fide political entity, which was not created
				  to circumvent the contribution limit contained in the Act.