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 19:25-15.11 - Limitations on participating candidates

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Each
				  candidate for the office of Governor and for the office of Lieutenant Governor
				  intending to participate in public funding, in addition to any other
				  requirement imposed by the Act or this subchapter, is subject to the following
				  limitations:
1. No publicly funded candidate
				  for the office of Governor may make expenditures from the candidate's own
				  funds, including any contributions from the candidate's own funds, in aid of
				  the candidate's campaign in excess of $ 25,000. Any loan guaranteed with such
				  candidate's own funds must be included in calculating the aggregate
				  contribution of the candidate in aid of the candidate's campaign until such
				  time as the loan is no longer outstanding.
2. No publicly funded candidate for the
				  office of Lieutenant Governor may make expenditures from the candidate's own
				  funds, including any contributions from the candidate's own funds, in aid of
				  the candidate's campaign in excess of $ 25,000. Any loan guaranteed with such
				  candidate's own funds must be included in calculating the aggregate
				  contribution of the candidate in aid of the candidate's campaign until such
				  time as the loan is no longer outstanding.
3. No candidates for the offices of Governor
				  and of Lieutenant Governor, or their campaign treasurer or deputy campaign
				  treasurer, shall borrow an amount that at any one time exceeds $ 50,000 in the
				  aggregate for their campaign, and such loan must be repaid in full no later
				  than 20 days prior to the general election for which the loan was made from
				  moneys accepted or allocated pursuant to
				  19:44A-29. Certification of such
				  repayment shall be made by the borrower to the Commission in accordance with
				  19:25-15.3 0.
4. The amount that any qualified candidates
				  may spend in aid of their joint candidacies for the offices of Governor and of
				  Lieutenant Governor shall not exceed $ 15.6 million, which amount shall include
				  payments made solely for the purpose of determining whether to become a
				  candidate. Such amount shall not include expenditures listed at
				  N.J.A.C.
				  19:25-15.26.
5. Contributions by any candidate for the
				  office of Governor in excess of $ 4,900 from the candidate's own funds in aid
				  of the candidate's campaign shall not be deposited in a matching fund account
				  and shall not be calculated in determining if such candidate is a qualified
				  candidate eligible for public matching funds.
6. Contributions by any candidate for the
				  office of Lieutenant Governor in excess of $ 4,900 from the candidate's own
				  funds in aid of the candidate's campaign shall not be deposited in a matching
				  fund account and shall not be calculated in determining eligibility for public
				  matching funds.