Late Contribution and Independent Expenditure Reporting Period Is Upon Us
Starting on May 21 and running through June 5, state and local candidates and committees (including major donors) will have 24 hour reporting obligations for"late contributions" or "late independent expenditures" made and receivedduring thatperiod.
A “late contribution” is a contribution that “totals in the aggregate one thousand dollars ($1,000) or more that is made to or received by a candidate, a controlled committee, or a committee formed or existing primarily to support or oppose a candidate or measure” in the last 16 days before an election at which the candidate or measure is being voted upon. Only contributions made during the May 21 – June 5 period are aggregated to determine whether it is necessary to file a late contribution report. Late contributions must be reported onFPPC Form 497.
A “late independent expenditure” is an independent expenditure that “totals in the aggregate one thousand dollars ($1,000) or more that is made for or against any specific candidate or measure involved in an election” in the last 16 days before an… Read More