New Jersey Administrative Code › Title 19 - OTHER AGENCIES › ELECTION LAW ENFORCEMENT COMMISSION › Chapter 25 - REGULATIONS OF THE ELECTION LAW ENFORCEMENT COMMISSION › Subchapter 15 - PUBLIC FINANCING; GENERAL ELECTIONS FOR THE OFFICES OF GOVERNOR AND OF LIEUTENANT GOVERNOR › Section 19:25-15.14 - 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 general election, a
				  contribution must have been received by candidates for the offices of Governor and
				  of Lieutenant Governor at a time when those candidates were seeking or had sought
				  election for the offices of Governor and of Lieutenant Governor, or must have been
				  received by the candidate for the office of Governor for the purpose of determining
				  whether or not to become a candidate for election to the office of Governor, except
				  that a contribution received and deposited pursuant to
				  N.J.A.C.
				  19:25-15.7, Separately maintained primary and
				  general bank accounts, shall be eligible. 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 candidates shall open a matching fund account in a
				  national or State bank pursuant to
				  N.J.S.A.
				  19:44A-32, which shall be the designated Matching
				  Fund Account of (names of candidates for the office of Governor and of Lieutenant
				  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 instrument, 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.
				  19:25-15.26. The total of all contributions
				  eligible for match from any person, candidate committee, joint candidates committee,
				  political committee, continuing political 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 for the office of Governor's own funds may be deposited in the matching
				  fund account, and a maximum of $ 4,900 in the aggregate of a candidate for the
				  office of Lieutenant Governor'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 which 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.