Sec. 103. Eligibility of candidates and authorized committees to receive payments; use of payments
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A candidate (including the authorized committees of the candidate) is eligible to receive payments under the Democracy Dollars Program if— the candidate and each authorized committee of the candidate registers with the Democracy Fund Commission to participate in the Program; each such committee certifies to such Commission that it has established a Democracy Dollars Exploratory Fund in accordance with section 104; except as provided in subsection (d), each such committee certifies to such Commission that, in accordance with section 104, the aggregate amount of qualified contributions that it has accepted, or that it will accept, to such Democracy Dollars Exploratory Fund is equal to the applicable threshold under such section; each such committee certifies to such Commission that it will maintain a separate account for payments received under the Program; and each such committee certifies to such Commission that it will meet the applicable requirements of this title, including the requirements of subsection
(c)(relating to restrictions on the source of the contributions the candidate and committees may accept and the expenditures the candidate and committees may make). Except as provided in paragraph (2), a candidate (including an authorized committee of the candidate) may use a payment received under the Program only for otherwise authorized expenditures in connection with the campaign for Federal office of the candidate, and may not convert the payment to personal use. For purposes of this paragraph, section 313 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30114 ) shall apply to the use of a payment under the Program in the same manner as such section applies to the use of a contribution or donation described in such section. A candidate (including an authorized committee of a candidate) may use a payment received under the Program to make a contribution to the authorized committee of another candidate, except that the aggregate amount of contributions made to such a committee using such payments with respect to an election may not exceed the limit on the amount of contributions which may be made to such a committee with respect to the election under section 315(a) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30116(a) ). A candidate (including an authorized committee of the candidate) receiving a payment under the Democracy Dollars Program with respect to an election may not accept any contributions or make any expenditures in connection with any election occurring during the election cycle for the office involved other than the following: Payments made under the Democracy Dollars Program. Amounts accepted and deposited in the candidate’s Democracy Dollars Exploratory Fund under section 104, so long as such amounts do not exceed the applicable threshold for the candidate under such section. Personal funds (including personal funds of the candidate or any immediate family member of the candidate) in an amount that does not exceed an aggregate amount of $50,000 for all such elections. A candidate (including an authorized committee of the candidate) which has accepted an aggregate amount of qualified contributions to a Democracy Dollars Exploratory Fund under section 104 which is greater than the applicable threshold under such section shall be considered to meet the requirements of paragraph
(3)of subsection
(a)if, not later than 5 business days after the date on which the aggregate amount of qualified contributions deposited into such Fund was first equal to such applicable threshold, the candidate provides the Democracy Fund Commission with— a statement of the amount of contributions in such Fund; and a certification that the candidate or committee returned all contributions accepted after such date to the persons who made such contributions.
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Sec. 103
Eligibility of candidates and authorized committees to receive payments; use of payments
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