N.J. Admin. Code § 19:25-15.14

Current through Register Vol. 56, No. 11, June 3, 2024

Section 19:25-15.14 - Contributions eligible for match

(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 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.

(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.

N.J. Admin. Code § 19:25-15.14

Amended by 50 N.J.R. 911(a), effective 2/20/2018

Amended by 52 N.J.R. 2190(a), effective 12/21/2020