§ 163-278.7A. Gifts from federal political committees.
§ 163‑278.7A. Gifts from federal politicalcommittees.
It shall be permissible for a federal political committee, as definedby the Federal Election Campaign Act and regulations adopted pursuant thereto,to make contributions to a North Carolina candidate or political committeeregistered under this Article with the State Board of Elections or a countyboard of elections, provided that the contributing committee does all thefollowing:
(1) Is registered with the State Board of Elections consistentwith the provisions of this Article.
(2) Complies with reporting requirements specified by the StateBoard of Elections. Those requirements shall not be more stringent than thoserequired of North Carolina political committees registered under this Article,unless the federal political committee makes any contribution to a NorthCarolina candidate or political committee in any election in excess of fourthousand dollars ($4,000) for that election. "Election" shall be asdefined in G.S. 163‑278.13(d).
(3) Makes its contributions within the limits specified in thisArticle.
(4) Appoints an assistant or deputy treasurer who is a residentof North Carolina and stipulates to the State Board of Elections that thedesignated in‑State resident assistant or deputy treasurer shall beauthorized to produce whatever records reflecting political activity in NorthCarolina the State Board of Elections deems necessary. (1995 (Reg. Sess., 1996), c. 593, s. 1; 2003‑274, s. 1.)