Campaign Finance - Status of Voluntary Expenditure Ceiling (VECs) in November 6, 2012 Election - Community College Board

Under S.F. Campaign and Governmental Conduct Code 1.128, a candidate who wishes to accept the voluntary expenditure ceiling must file Form SFEC-128 no later than the August 10, 2012 deadline for filing nomination papers.In a race where at least one candidate has accepted the VEC, all candidates running for office in the same race must file Form SFEC 134(b) within 24 hours of receiving contributions, making expenditures, or having funds that exceed 100 percent of the applicable VEC.In addition, any person other than a candidate committee who makes or incurs expenditures for the purpose of distributing independent expenditures, electioneering communications, or member communications that clearly identify any candidate that equals or exceeds $5,000 per candidate, must within 24 hours of each time it reaches the $5,000 threshold file a Third Party Disclosure Form.

根据《S.F. 活动和政府行为准则》第1.128条，任何希望接受自愿支出上限的候选人必须在2012年8月10日的提名文件提交截止日期之前提交SFEC-128表格。在一个至少有一名候选人接受自愿支出上限的比赛中，所有参加同一比赛的公职候选人必须在收到捐款、进行支出或拥有的资金超过适用自愿支出上限的100%的24小时内提交SFEC 134(b)表格。此外，任何非候选人委员会的个人，若为分配独立支出、竞选宣传沟通或成员沟通而做出或承担支出，且该支出明确识别任何候选人的金额等于或超过每位候选人5000美元，必须在每次达到5000美元阈值后的24小时内提交第三方披露表格。