(a) In addition to the requirements relating to election contributions prescribed in section 12-184 of this code, a petition drive political committee and a political action committee intending to influence the outcome of the petition drive, shall give notice to the city clerk of any contribution or group of contributions to the committee that is made from a single source less than twenty (20) days before the day of the election if it exceeds two thousand five hundred dollars ($2,500).
(b) In addition to the requirements in section 12-184 of this code, a petition drive political committee and a political action committee intending to influence the outcome of the petition drive shall give notice to the city clerk each time any of the following occurs:
(1) The committee has received contributions totaling ten thousand dollars ($10,000) or more.
(2) The committee has made expenditures totaling ten thousand dollars ($10,000) or more.
(3) The committee has received contributions totaling ten thousand dollars ($10,000) or more from a single source.
(4) The committee has received contributions totaling ten thousand dollars ($10,000) or more from different additional single sources.
(c) The notices prescribed by this section shall be filed within twenty-four (24) hours, excluding Saturdays, Sundays and legal holidays. All notices shall include the identification of the contributors, the dates of receipt and the amounts of the contributions or the date, amount, recipient and purpose of the expenditures. Contributions subject to the notification requirements of this section shall be included in the next report filed pursuant to section 12-184 of this code.
(d) For the purposes of this section, "single source" includes principals of the same partnership, corporation, limited partnership, limited liability company, limited liability partnership or association.
(Ord. No. 11525, § 2, 2-21-18)