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A candidate shall have no more than one campaign committee and one checking account out of which all expenditures shall be made. This section shall not prohibit the establishment of savings accounts, but no qualified campaign expenditures shall be made out of these accounts. The provisions of this section shall not apply to a petty cash fund established pursuant to Title 2, Section 18524(d) of the California Code of Regulations as amended from time to time by the Fair Political Practices Commission.
No candidate and no committee controlled by a candidate or officeholder shall make any contribution from the checking account established pursuant to the previous section of this article to any other candidate running for office or to any committee supporting or opposing a candidate for office in excess of two hundred fifty dollars ($250) in the aggregate per calendar year. This section shall not prohibit a candidate from making a contribution from the candidate’s own personal funds to the candidate’s campaign or to the campaign of any other candidate for elective office.
For purposes of the contribution limitations in this article the following shall apply:
A. All payments made by a person, as defined in the Political Reform Act of 1974, as amended, whose contribution or expenditure activity is financed, maintained or controlled by any corporation, labor organization, association, political party or any other person or committee, including any parent, subsidiary, branch, division, department or local unit of the corporation, labor organization, association, political party or any other person, or by any group of such persons shall be considered to be made by a single person or committee.
B. Two (2) or more entities shall be treated as one person when any of the following circumstances apply: 1. The entities share the majority of members of their boards of directors; 2. The entities share two (2) or more officers; 3. The entities are owned or controlled by the same majority shareholder or shareholders; 4. The entities are in a parent-subsidiary relationship.
C. An individual and any general partnership in which the individual is a partner, or an individual and any corporation in which the individual owns a controlling interest, shall be treated as one person.
Under this article no contribution shall be made, directly or indirectly, by any person or combination of persons acting jointly in a name other than the name by which they are identified for legal purposes nor in the name of another person or received from another person on the condition that it be used as a contribution. If it is discovered by a candidate or committee treasurer that a contribution has been received in violation of this article, the candidate or treasurer shall promptly pay the amount received in violation of this article to the City Treasurer for deposit in the general fund of the city.
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