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![handle is hein.usfed/fecrecd0002 and id is 1 raw text is:
THE FEDERAL ELECTION
COMMISSION
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Volume 2, No. 1
COMMISSION SENDS REGULATIONS TO THE CONGRESS
PRESIDENTIAL PRIMARY MATCHING FUNDS
The proposed regulation on Presidential Primary
Matching Funds was approved by the Commission on
Dec. 18 for submission to the Congress. The regulation
reflects changes suggested in testimony at the FEC
hearings and by written comments.
Presidential candidates may receive matching pay-
ments for the nominating process in amounts not in
excess of 50% of the expenditure limitation ($10
million plus a cost of living adjustment). To be eligible,
a candidate must raise individual contributions of $250
or less aggregating $5,000 in each of 20 States.
Highlights of the regulation follow:
Matchable Campaign Contribution
0 Matchable Campaign Contribution means a gift
of money [other than a loan, advance, subscription,
deposit or anything of value] made by a written
instrument identifying the individual making the
contribution by full name, and mailing address.
1) Gifts of money will be considered matchable
campaign contributions only to the extent of the
first $250 contributed by an individual.
2) The full amount shall be actually received by
the candidate or his or her committee and deposited
in a designated campaign depository.
3) The amount shall be received by the candidate
on or after the first day of the calendar year imme-
diately preceding the calendar year of the Presiden-
tial election but no later than the last day of the
matching payment period.
* Written instrument means (a) A check, money
order, or any other negotiable instrument payable on
demand, which contains the full name and signature of
the contributor, and the amount and date of the contri-
bution, and which contains the mailing address of the
EDITOR'S CORRECTION
Please note on Page 5 (Vol. 1, No. 4) under SUN EPA,
Item 2, copy should read:
2. Sun may not make any effort, either orally or
in writing, to direct contributions by participants to
SUN EPA to any candidate, group of candidates,
political party, or other persons.
contributor; or (b) A written record of a cash gift (which
must not exceed $100) signed in ink by the contributor,
and including the contributor's full name, mailing
address, and the amount and date of the gift.
Checks written on partnership accounts, or
accounts of unincorporated associations or busi-
nesses are matchable if:
1) accompanied by documentation which speci-
fies that the contribution is made by a specific indi-
vidual or individuals;
2) the documentation is signed by the individual
or individuals; and
3) the aggregate amount of the contribution
drawn on a partnership, or unincorporated associa-
tion or business account, does not exceed $1,000 to
any one Federal candidate for an election.
e In no case will a contribution by a political com-
mittee or other organization be matchable.
* Contributions eligible for matching are deter-
mined without regard to fundraising costs, except that
a contribution made in exchange for an item with
significant intrinsic and enduring value is not
matchable.
Candidate Agreements
S.. .The candidate's submission to the Commis-
sion to become eligible for matching funds is to be
made in the following way:
1) For each State in which the candidate certifies
he or she has met the threshold requirement, the
candidate must submit an alphabetical list of con-
tributors, showing full name, residential address,
date of contribution, the dollar amount of each
contribution, the dollar amount of each contribu-
tion submitted for matching purposes, and the total
amount of all matchable contributions.
2) The candidate must submit a photocopy of
each check or other written instrument for each
contribution which he submits to receive matching
funds. The photocopies must be segregated by date
of deposit, and be accompanied by copies of the
relevant deposit slip and the relevant bank state-
ment.
Matching Payments in Excess of Threshold
* After a preliminary determination has been made
that the candidate has successfully satisfied the
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