18425. Late Contributions; Reports

(a) Whenever a candidate or committee is required to file a late contribution report with the Secretary of State pursuant to Government Code Section 84203, the report shall include the date of the election. This provision shall not apply to reports of late contributions made to a state candidate or committee or a committee primarily formed to support or oppose a state candidate or state measure.

(b) Late Non-Monetary Contributions.

(1) When more than one non-monetary contribution will be made by or received from a single contributor during the late contribution reporting period, a candidate or committee may, on or before the deadline specified in Government Code section 84203 or 84203.3, file a single late contribution report covering the entire late contribution period disclosing:

(A) The total value of non-monetary contributions that will be made by or received from the contributor during the period; or

(B) If the actual value of non-monetary contributions is not known at the time of filing, a good faith estimate of the value that will be contributed or received during the period. If the value of late non-monetary contributions differs from the estimated amount by 20 percent or more, the estimated report must be amended within 24 hours from the time the candidate or committee knows that the estimated value is incorrect.

(2) On the candidate or committee's next campaign statement filed pursuant to Government Code section 84200, 84200.5, 84202.3, 84202.5, or 84202.7, the actual value of all late non-monetary contributions shall be disclosed.

Note: Authority cited: Section 83112, Gov. Code

Reference: Sections 82036 and 84203, Gov. Code

History

(1) New section filed 1-25-84; effective thirtieth day thereafter.

(2) New section refiled 3-26-84 correcting inadvertent omission of subsection (b); effective upon filing pursuant to Government Code Section 11346.2(d).

(3) Amendment of subsection (a) filed 3-3-86; effective thirtieth day thereafter.

(4) Amendment filed 11-20-98; effective upon filing.