What are the rules regarding the disclosure of campaign contributions?
In California, candidates must follow rules regarding the disclosure of campaign contributions. The rules are set forth in the state’s Political Reform Act. According to the Act, any candidate who wishes to collect money for a campaign must file a registration form with the state’s Fair Political Practices Commission (FPPC). This form discloses the candidate’s identity, occupation, and employer. The rules for disclosure also require candidates to report contributions of $1,000 or more during a reporting period. The money must be reported within 10 days of receiving it. Candidates must also report expenditures of $1,000 or more within 24 hours. This includes the names of the recipient and the purpose of the expenditure. In addition, candidates must file a Form 460, which requires disclosure of all contributions, donations, and payments made during the campaign. This form must be filed prior to election day. Candidates must also disclose the occupation, employer, and address of each donor who contributes more than $100. Finally, once the election is over, the candidate is responsible for filing a termination statement. This statement must include information about all contributions received, debts and obligations incurred, and expenditures made during the campaign. These rules ensure that the public is aware of any money that is used to support or oppose candidates in California’s elections. It is important for voters to have access to this information in order to make informed decisions when they cast their votes.
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