N.J. Admin. Code § 19:25-15.32

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

Section 19:25-15.32 - Establishment of State committee account; contribution limit

(a) A State committee may establish a State committee account in a national or State bank, authorized to do business in the State of New Jersey, on behalf of any candidates for election to the offices of Governor and of Lieutenant Governor in a general election.

(b) Upon, or after, establishment of a State committee account, such State committee may deposit contributions received by it in the account. Only a contribution of up to $ 4,900 may be deposited, and only if such deposit does not result in the contributor exceeding a contribution of $ 4,900 in the aggregate to such candidate.

(c) Notwithstanding any provision of this section, any contribution deposited in a State committee account must be of moneys or other things of value pledged to or received by such State committee in a calendar year in which the gubernatorial election being funded is held.

(d) Any deposit in a State committee account must be from contributions eligible for match, except that proceeds of a loan to the State committee made pursuant to 19:44A-44 may be deposited.

N.J. Admin. Code § 19:25-15.32

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

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