§ 163-278.63. North Carolina Public Campaign Fund established; sources of funding. - North Carolina Statutes

§ 163‑278.63.  NorthCarolina Public Campaign Fund established; sources of funding.

(a)        Establishment ofFund. – The North Carolina Public Campaign Fund is established to finance theelection campaigns of certified candidates for office and to pay administrativeand enforcement costs of the Board related to this Article. The Fund is aspecial, dedicated, nonlapsing, nonreverting fund. All expenses ofadministering this Article, including production and distribution of the VoterGuide required by G.S. 163‑278.69 and personnel and other costs incurredby the Board, including public education about the Fund, shall be paid from theFund and not from the General Fund. Any interest generated by the Fund iscredited to the Fund. The Board shall administer the Fund.

(b)        Sources of Funding.– Money received from all the following sources must be deposited in the Fund:

(1)        Money from the NorthCarolina Candidates Financing Fund.

(2)        Designations made tothe Public Campaign Fund by individual taxpayers pursuant to G.S. 105‑159.2.

(3)        Repealed by SessionLaws 2005‑276, s. 23A.1(c), effective January 1, 2006.

(4)        Public Campaign Fundrevenues distributed for an election that remain unspent or uncommitted at thetime the recipient is no longer a certified candidate in the election.

(5)        Money orderedreturned to the Public Campaign Fund in accordance with G.S. 163‑278.70.

(6)        Voluntary donationsmade directly to the Public Campaign Fund. Corporations, other businessentities, labor unions, and professional associations may make donations to theFund.

(7)        Money collected fromthe fifty‑dollar ($50.00) surcharge on attorney membership fees in G.S.84‑34.

(c)        Determination ofFund Amount. – By October 1, 2003, and every two years thereafter, the Board,in conjunction with the Advisory Council for the Public Campaign FinancingFund, shall prepare and provide to the Joint Legislative Commission onGovernmental Operations of the General Assembly a report documenting,evaluating, and making recommendations relating to the administration,implementation, and enforcement of this Article. In its report, the Board shallset out the funds received to date and the expected needs of the Fund for thenext election. (2002‑158,s. 1; 2005‑276, s. 23A.1 (c), (d); 2006‑192, s. 14.1.)