Any proponent, opponent or committee, which disseminates an advertisement in favor of or opposed to any City recall, City measure, initiative or referendum effort, shall provide a written disclosure in that advertisement identifying the contributing person (herein the “major contributor”) who has made a loan or cumulative loans of Two Thousand and no/100ths ($2,000.00) Dollars or more, a monetary contribution of Two Thousand and no/100ths ($2,000.00) Dollars or more, or cumulative contributions totaling Two Thousand and no/100ths ($2,000.00) Dollars or more, or provided nonmonetary contributions with a total value of Two Thousand and no/100ths ($2,000.00) Dollars or more, to that proponent, opponent or committee during the previous twelve (12) month period prior to the printing, copying, publication or broadcasting of the advertisement. If the advertisement is by means of a radio or televised spot, then disclosure shall be by an oral audible announcement of all major contributors. If the loan is from a bank, savings and loan or other recognized financial institution, the name of that bank, savings and loan or financial institution need not be listed, but any co-signor or guarantor of the loan must be listed as a major contributor. If the advertisement is in a typed or printed format, this disclosure shall be in a clear and legible form in at least ten (10) point type. If there are more than two (2) major contributors of Two Thousand and no/100ths ($2,000.00) Dollars or more, the proponent, opponent or committee shall only be required to disclose the two (2) highest major contributors.
(§ 3, Ord. 1592-NS, eff. December 21, 2013)