N.J. Admin. Code § 19:25-16.20

Current through Register Vol. 56, No. 21, November 4, 2024

Section 19:25-16.20 - Special account for public funds

(a) The Commission shall facilitate the creation of, for each qualified candidate, a separate segregated public fund account for deposit of public funds. All public funds approved by the Commission will be transferred by the Commission into such public fund account. No funds other than such public funds shall be transferred to the public fund account, and all expenditures from the account shall be separately identified in all applicable reports filed with the Commission.

(b) The campaign treasurer of a candidate on whose behalf a public fund account has been established shall file with the Commission on each date upon which a submission for public matching funds has been made pursuant to N.J.A.C. 19:25-16.18, Matching of funds, and 16.19, Dates of submission, and for as long as said public fund account is open and such submissions are being made, a report identifying each disbursement made out of the public fund account since the last such submission for public matching funds. The identification of each disbursement from the public fund account shall include the transaction number, date of payment, full name of payee, full payee mailing address, and a complete statement of purpose of the expenditure indicating which of the permitted purposes set forth in N.J.A.C. 19:25-16.25, Use of public funds is applicable. Failure to file any such report, failure to provide the identification information required in such report, or failure to expend public funds in compliance with N.J.A.C. 19:25-16.25, may result in immediate cessation of public fund deposits by the Commission.

(c) Any report filed pursuant to this section disclosing an expenditure in an aggregate sum exceeding $ 5,000 for the purpose of media consultant services or other services shall be accompanied by a certification from the payee categorizing media advertising purchases or other services provided, incurred or contemplated, and certifying that such funds have been or will be expended in compliance with 19:25-16.2 5.

(d) Disbursements from the public fund account identified on submissions filed for matching funds will not be disclosed for public inspection until filed on election cycle reports.

N.J. Admin. Code § 19:25-16.20

As amended, R.1984 d.561, effective 12/17/1984.
See: 16 New Jersey Register 2765(a), 16 New Jersey Register 3485(b).
Amended by R.1988 d.447, effective 9/19/1988.
See: 20 New Jersey Register 1339(a), 20 New Jersey Register 2395(a).
Added (b)-(d).

Amended by 52 N.J.R. 2190(a), effective 12/21/2020