11.512 Financial activity by nonparticipating candidates.
11.512
11.512 Financial activity by nonparticipating candidates.11.512(1)
(1) In addition to other reports required by law, a nonparticipating candidate for an office at a primary or election who receives contributions or makes or obligates to make disbursements in an amount that is more than 5 percent greater than the public financing benefit applicable to an eligible candidate for the same office at the same primary or election shall file a report with the board itemizing the total contributions received and disbursements made or obligated to be made by the candidate as of the date of the report. The board shall transmit copies of the report to all candidates for the same office at the same election. A nonparticipating candidate shall file additional reports after the candidate receives each additional $1,000 of contributions, or the candidate makes or obligates to make each additional $1,000 of disbursements. If such contributions are received or such disbursements are made or obligated to be made more than 6 weeks prior to the date of the primary election at which the name of the candidate appears on the ballot, or prior to the date that the primary election would be held, if a primary were required, the reports shall be made at the next regular reporting interval under s. 11.506. If such contributions are received or such disbursements made or obligated to be made within 6 weeks prior to the date of the primary election at which the name of the candidate appears on the ballot, or within 6 weeks prior to the date that the primary election would be held, if a primary were required, the reports shall be made within 24 hours after each instance in which such contributions are received, or such disbursements are made or obligated to be made.11.512(2)
(2) Upon receipt of such information, the board shall immediately certify to the state treasurer the name of each opposing eligible candidate together with the amount of a supplemental grant that shall become payable to that candidate. The supplemental grant shall be equivalent to the total excess disbursement amount made or obligated to be made, but not to exceed, in the aggregate, exclusive of any amount to which the candidate is entitled under s. 11.513 (2), an amount equal to 3 times the public financing benefit payable to a candidate for the applicable office at the primary or other election for which the benefit is received. The state treasurer shall immediately credit each opposing eligible candidate with an additional line of credit for the amount certified.11.512 - ANNOT.
History: 2009 a. 89.