§11-199 - Campaign contributions, generally.
§11-199 Campaign contributions, generally. (a) All monetary contributions shall be promptly deposited in a depository institution, as defined by section 412:1-109, duly authorized to do business in the State, such as a bank, savings bank, savings and loan association, depository financial services loan company, credit union, intra-Pacific bank, or similar financial institution, the deposits or accounts of which are insured by the Federal Deposit Insurance Corporation, or the National Credit Union Administration in the name of the candidate, committee, or party, whichever is applicable.
(b) Each candidate, committee, or party shall establish and maintain an itemized record showing:
(1) The amount of each monetary contribution;
(2) The description and value of each nonmonetary contribution; and
(3) The name and address of each donor making a contribution of more than $25 in value.
(c) No candidate, committee, or party shall accept a contribution of more than $100 in cash from a single person without issuing a receipt to the donor and keeping a record of the transaction.
(d) Each committee and party shall disclose the original source of all earmarked funds, the ultimate recipient of the earmarked funds, and the fact that the funds are earmarked. [L 1979, c 224, pt of §2; am L 1987, c 369, §1(4); am L 1989, c 266, §3; am L 1997, c 375, §6; am L 1999, c 96, §5]