(a) In this section, a “campaign finance entity” includes a nonfederal out-of-state political committee.
Application of section
(b) The limits on transfers set forth in subsection (c) of this section do not apply to a transfer:
(1) by a campaign finance entity to a ballot issue committee;
(2) by the authorized candidate campaign committee of a member of a slate to a slate of which the candidate is a member;
(3) by the authorized candidate campaign committees of the candidates that a legislative party caucus committee seeks to elect to the legislative party caucus committee; and
(4) between or among:
(i) political committees that are State or local central committees of the same political party;
(ii) a slate and the authorized candidate campaign committees of its members, if the only members of the slate are a candidate for Governor and a candidate for Lieutenant Governor who are running on the same ticket; and
(iii) the authorized candidate campaign committee of a candidate.
Transfer restrictions for campaign finance entities
(c)(1) Subject to paragraphs (2) and (3) of this subsection, during an election cycle, a campaign finance entity may not directly or indirectly make transfers in a cumulative amount of more than $6,000 to any one other campaign finance entity.
(2) During an election cycle, a slate may not make transfers directly or indirectly to the authorized candidate campaign committee of any single member of the slate in a cumulative amount of more than $24,000.
(3) During an election cycle, a legislative party caucus committee may not make transfers directly to the authorized candidate campaign committee of a candidate that the legislative party caucus committee seeks to elect in a cumulative amount of more than $24,000.
Affiliated transferors or transferees
(d)(1) All affiliated campaign finance entities are treated as a single entity in determining:
(i) the amount of transfers made by a campaign finance entity; and
(ii) the amount of transfers received by a campaign finance entity.
(2) Campaign finance entities are deemed to be affiliated if they:
(i) are organized and operated in coordination and cooperation with each other; or
(ii) otherwise conduct their operations and make their decisions relating to transfers and other contributions under the control of the same individual or entity.
Multiple candidacies
(e) The limit on transfers to the campaign finance entities of a candidate prescribed in subsection (c) of this section applies regardless of the number of offices sought by the candidate.
Credits
Added by Acts 2002, c. 291, § 4, eff. Jan. 1, 2003. Amended by Acts 2012, c. 66, § 1, eff. April 10, 2012; Acts 2013, c. 419, § 1, eff. Jan. 1, 2015; Acts 2014, c. 45, § 1, eff. April 8, 2014.
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
