§ 163-278.10A. Threshold of $1,000 for financial reports for certain candidates. - North Carolina Statutes

§ 163‑278.10A. Threshold of $1,000 for financial reports for certain candidates.

(a)        Notwithstanding anyother provision of this Chapter, a candidate for a county office, municipaloffice, local school board office, soil and water conservation district boardof supervisors, or sanitary district board shall be exempted from the reportsof contributions, loans, and expenditures required in G.S. 163‑278.9(a),163‑278.40B, 163‑278.40C, 163‑278.40D, and 163‑278.40Eif to further the candidate's campaign that candidate:

(1)        Does not receivemore than one thousand dollars ($1,000) in contributions, and

(2)        Does not receivemore than one thousand dollars ($1,000) in loans, and

(3)        Does not spend morethan one thousand dollars ($1,000).

To qualify for the exemption fromthose reports, the candidate's treasurer shall file a certification that thecandidate does not intend to receive in contributions or loans or expend morethan one thousand dollars ($1,000) to further the candidate's campaign. Thecertification shall be filed with the Board at the same time the candidatefiles the candidate's Organizational Report as required in G.S. 163‑278.7,G.S. 163‑278.9, and G.S. 163‑278.40A. If the candidate's campaignis being conducted by a political committee which is handling allcontributions, loans, and expenditures for the candidate's campaign, thetreasurer of the political committee shall file a certification of intent tostay within the threshold amount. If the intent to stay within the thresholdchanges, or if the one‑thousand‑dollar ($1,000) threshold isexceeded, the treasurer shall immediately notify the Board and shall beresponsible for filing all reports required in G.S. 163‑278.9 and 163‑278.40B,163‑278.40C, 163‑278.40D, and 163‑278.40E; provided that anycontribution, loan, or expenditure which would have been required to bereported on an earlier report but for this section shall be included on thenext report required after the intent changes or the threshold is exceeded.

(b)        The exemption fromreporting in subsection (a) of this section applies to political partycommittees under the same terms as for candidates, except that the term"to further the candidate's campaign" does not relate to a politicalparty committee's exemption, and all contributions, expenditures, and loansduring an election shall be counted against the political party committee'sthreshold amount.  (1987(Reg. Sess., 1988), c. 1028, s. 2; c. 1081, s. 3; 1989, c. 449; c. 770, s. 53;1997‑515, s. 4(e); 2001‑235, s. 3; 2009‑534, s. 5.)