(A) Contributions. No person shall make, and no candidate for elective office or campaign treasurer shall solicit or accept, any contribution which would cause the total amount contributed by that person to that candidate, including contributions or loans to all political committees or broad-based political committees controlled by the candidate and in-kind contributions, to exceed $750 for any election. No political action committee shall make, and no candidate for elective office, or campaign treasurer, shall solicit or accept any contribution which would cause the total amount contributed by that political action committee to that candidate, including contributions or loans to all political committees or broad-based political committees controlled by the candidate and in-kind contributions, to exceed $1,500 for any election. For purposes of section 2-244 a “political action committee” shall mean any “general purpose committee” or “city general purpose committee” as those terms are defined by Cal. Gov’t Code, Section 82027.5. The limit set forth in this subsection shall be adjusted every two years by resolution of the city council pursuant to section 2-245.
(B) Loans. No person shall make, and no candidate for elective office, or campaign treasurer, shall solicit or accept any loan which would cause the candidate, including loans to all political committees or broad-based political committees controlled by the candidate, to exceed $500 for any election. The limit set forth in this subsection shall be adjusted every two years by resolution of the city council pursuant to section 2-245.
(C) Anonymous contributions. No person shall make an anonymous contribution or contributions to a candidate, political committee or broad-based political committee or any other person totaling $100 or more for any election period. An anonymous contribution of $100 or more received by a candidate or such a committee shall not be kept by the intended recipient, but instead shall be paid promptly to the California Secretary of State for deposit in the general fund of the State. This limit on single source anonymous contributions shall not be adjusted except for relevant changes in State law.
(D) Extension of credit. No person shall extend credit, and no candidate for elective office, or campaign treasurer, or political committee or broad-based political committee controlled by the candidate shall solicit or accept, any extension of credit which will extend beyond 90 days from the date upon which the debt is incurred by the candidate, or political committee controlled by the candidate.
(Ord. No. 2976)