§ 2853 - Vermont campaign finance grants; conditions - Vermont Statutes

§ 2853. Vermont campaign finance grants; conditions

(a) A person shall not be eligible for Vermont campaign finance grants if, during a two-year general election cycle, he or she becomes a candidate by announcing that he or she seeks an elected position as governor or lieutenant governor, or by accepting contributions totaling $2,000.00 or more or by making expenditures totaling $2,000.00 or more, prior to February 15 of the general election year.

(b) A candidate who accepts Vermont campaign finance grants, shall:

(1) Not solicit, accept, or expend any contributions except qualifying contributions, Vermont campaign finance grants and contributions authorized under section 2855 of this title, which contributions may be solicited, accepted or expended only in accordance with the provisions of this subchapter.

(2) Deposit all qualifying contributions, Vermont campaign finance grants and any contributions accepted in accordance with the provisions of section 2855 of this title in a federally insured noninterest bearing checking account.

(3) Not later than 40 days after the general election, deposit in the Vermont campaign fund, after all permissible expenditures have been paid, the balance of any amounts remaining in the account established under subdivision (2) of this subsection. (Added 1997, No. 64, § 2, eff. Nov. 4, 1998; amended 2005, No. 62, § 12.)