N.Y. ADC. LAW § 3-703 : NY Code - Section 3-703: Eligibility and other requirements

Search N.Y. ADC. LAW § 3-703 : NY Code - Section 3-703: Eligibility and other requirements

1. To be eligible for
  optional public financing under this chapter, a candidate for nomination
  for election or election must:
    (a) meet all the requirements of law to have his or her  name  on  the
  ballot;
    (b)  be  a  candidate for mayor, public advocate, comptroller, borough
  president or member of the  city  council  in  a  primary,  special,  or
  general  election  and  meet  the threshold for eligibility set forth in
  subdivision two of this section;
    (c) choose to participate in the public  funding  provisions  of  this
  chapter,  by  filing  a  written  certification  in  such form as may be
  prescribed by the campaign finance board, which sets forth  his  or  her
  acceptance  of  an agreement to comply with the terms and conditions for
  the provision of such funds. The deadline for filing such  certification
  for a primary and general election shall be:
    (i) the tenth day of June in the year of the covered election, or such
  other later date as the board shall provide, provided, however, that any
  candidate  who files such written certification prior to such date shall
  be permitted to rescind such certification in writing on or before  such
  date;
    (ii)  the  thirtieth  day  after  a special election is held to fill a
  vacancy for the office sought by the candidate;
  whichever is later. The deadline for filing  such  certification  for  a
  special election to fill a vacancy shall be on the seventh day after the
  proclamation  of  such special election. A certification may be filed on
  or before the seventh day  after  the  occurrence  of  an  extraordinary
  circumstance  in an election, as declared by the campaign finance board,
  following the receipt and review of a petition submitted by a  candidate
  in  such  election.  For  purposes  of this paragraph, an "extraordinary
  circumstance" shall include the death of a candidate  in  the  election,
  the  resignation or removal of the person holding the office sought, and
  the submission to the board of a written declaration by an  officeholder
  that terminates his or her campaign for reelection;
    (d)  obtain  and  furnish to the campaign finance board and his or her
  principal committee or authorized committees must obtain and furnish  to
  the board any information it may request relating to his or her campaign
  expenditures  or  contributions and furnish such documentation and other
  proof of compliance with this chapter as may be requested by such board,
  provided,  however,  that  the  board   shall   accept   such   required
  documentation through an electronically scanned transmission;
    (e)  notify  the board in the candidate's written certification as to:
  (i) the existence  of  each  authorized  committee  authorized  by  such
  candidate  that has not been terminated, (ii) whether any such committee
  also has been authorized by  any  other  candidate,  and  (iii)  if  the
  candidate  has  authorized  more  than  one  authorized committee, which
  authorized committee  has  been  designated  by  the  candidate  as  the
  candidate's  principal  committee  for  the  election(s)  covered by the
  candidate's certification; provided, that such principal  committee  (i)
  shall  be  the  only  committee  authorized  by such candidate to aid or
  otherwise take part  in  the  election(s)  covered  by  the  candidate's
  certification,  (ii)  shall  not be an authorized committee of any other
  candidate, and (iii) shall not have been authorized or otherwise  active
  for  any  election  prior  to the election(s) covered by the candidate's
  certification. The use of an entity other than the designated  principal
  committee  to  aid  or otherwise take part in the election(s) covered by
  the candidate's certification shall be a violation of this  section  and
  shall  trigger  the application to such entity of all provisions of this
  chapter governing principal committees;

    (f) not accept and  his  or  her  principal  committee  or  authorized
  committees  must  not  accept,  either  directly  or  by  transfer,  any
  contribution or contributions  from  any  one  individual,  partnership,
  political  committee, labor organization or other entity for all covered
  elections  held  in  the  same  calendar  year  in  which he or she is a
  participating candidate or a non-participating candidate  which  in  the
  aggregate:  (i)  for the office of mayor, public advocate or comptroller
  shall exceed four thousand five hundred dollars,  or  (ii)  for  borough
  president,  shall  exceed  three thousand five hundred dollars, or (iii)
  for member of the city council, shall exceed two thousand  five  hundred
  dollars;  provided  that  a  participating  candidate  and  his  or  her
  principal committee or a non-participating  candidate  and  his  or  her
  authorized  committees  may accept additional contributions which do not
  exceed one half the amount of the applicable limitation for any  run-off
  primary   election,   additional   day   for  voting  held  pursuant  to
  section 3-108 of the New York state election law,  special  election  to
  fill  a  vacancy, run-off special election to fill a vacancy, delayed or
  otherwise postponed election, or election held pursuant to  court  order
  which  is a covered election and in which the candidate seeks nomination
  for election or election; and provided further that for the purposes  of
  this  paragraph,  contributions  made  by  different labor organizations
  shall not be aggregated  or  treated  as  contributions  from  a  single
  contributor  for purposes of the contribution limit that is set forth in
  this paragraph if those  labor  organizations  make  contributions  from
  different   accounts,   maintain   separate   accounts   with  different
  signatories, do not share a  majority  of  members  of  their  governing
  boards,  and  do not share a majority of the officers of their governing
  boards; and provided further that if state law prescribes a contribution
  limitation of a lesser amount, this paragraph shall  not  be  deemed  to
  authorize  acceptance of a contribution in excess of such lesser amount.
  The maximum contributions set forth in this paragraph shall be  adjusted
  in accordance with subdivision seven of this section;
    (g)  maintain  and  his  or  her  principal  committee  or  authorized
  committees must maintain such records of receipts and expenditures for a
  covered election as required by the board;
    (h) not make expenditures from or use his or  her  personal  funds  or
  property  or the personal funds or property jointly held with his or her
  spouse, domestic partner, or unemancipated children in  connection  with
  his  or her nomination for election or election except as a contribution
  to his or her principal committee in an  amount  that  does  not  exceed
  three  times  the  maximum  contribution  amount  applicable pursuant to
  paragraph (f)  of  this  subdivision.  Such  candidate  shall  not  make
  expenditures  from or use other personal funds or property of his or her
  spouse, domestic partner or unemancipated children  in  connection  with
  his  or  her  nomination  for  election  or election; provided that this
  paragraph shall not be construed to limit contributions by persons other
  than the candidate;
    (i) not make  and  his  or  her  principal  committee  must  not  make
  expenditures  which  in  the aggregate exceed the applicable expenditure
  limitations set forth in section 3-706;
    (j) meet the threshold for eligibility set forth in subdivision two of
  this section;
    (k) not accept and his or her principal  committee  must  not  accept,
  either  directly  or  by transfer, any contribution, loan, guarantee, or
  other security for such  loan  from  any  political  committee  for  all
  covered elections held in the same calendar year in which he or she is a
  participating   candidate,   except   as   is   otherwise  provided  for

  contributions by political committees pursuant to section 3-707 of  this
  chapter; and
    (l)  not  accept  and  his  or  her  principal committee or authorized
  committees  must  not  accept,  either  directly  or  by  transfer,  any
  contribution,  loan, guarantee, or other security for such loan from any
  corporation, limited liability company, limited liability partnership or
  partnership,  other  than  a  corporation,  limited  liability  company,
  limited  liability  partnership  or  partnership  that  is  a  political
  committee as defined in subdivision eleven  of  section  3-702  of  this
  chapter,  for  all  covered  elections held in the same calendar year in
  which he or she  is  a  participating  or  non-participating  candidate,
  provided, however, that where a contribution is from a contributor whose
  name is followed by a professional designation including but not limited
  to   "M.D.",  "Esq."  and  "C.P.A."  the  board  shall  not  treat  such
  contribution as coming from a corporation,  limited  liability  company,
  limited  liability  partnership or partnership in the absence of further
  indicia that such contribution is from such an entity;
    (m) fulfill the requirements of section 12-110 of  the  administrative
  code  of  the  city  of  New York, including payment of any penalties as
  determined by the conflicts of interest board.
    (i) The conflicts of interest  board  shall  provide  a  participating
  candidate  with  a  receipt  indicating proof of compliance with section
  12-110 of the administrative code of the city of New York in  such  form
  as  the  conflicts  of  interest  board shall determine. Such receipt as
  provided by the conflicts of interest board shall indicate the time  and
  date of filing of the financial disclosure report.
    (ii)  A  participating  candidate  shall  provide the campaign finance
  board with the receipt provided  by  the  conflicts  of  interest  board
  pursuant  to subparagraph (i) of this paragraph, in such form and manner
  as the campaign finance board shall require, by the last business day of
  July in the year of the covered election, or such other  later  date  as
  the  campaign  finance  board  shall  provide  by rule, except that in a
  special election to fill a vacancy the deadline for filing such  receipt
  shall be established by campaign finance board rule.
    (iii)   A   participating   candidate  who  fails  to  adhere  to  the
  requirements of subparagraph  (ii)  of  this  paragraph  may  thereafter
  satisfy  the  requirements  of this paragraph by submitting a receipt in
  accordance with subparagraph (i) of this paragraph at such times and  in
  such  manner  as  provided  by campaign finance board rule. The campaign
  finance board shall thereafter allow the participating candidate to make
  a claim for public  funds  upon  satisfying  the  requirements  of  this
  paragraph and all other applicable law, rules and regulations; provided,
  however that a receipt that is not filed timely pursuant to subparagraph
  (ii)  of  this  paragraph may result in a delay of any payment of public
  funds by the board; and
    (n) satisfy any claim made by the  board  for  the  payment  of  civil
  penalties  or repayment of public funds that remains outstanding against
  such candidate or his  or  her  principal  committee  or  an  authorized
  committee  of  such  candidate from a prior covered election, if (i) the
  candidate had written notice of such potential claim  and  ineligibility
  to  receive public funds prior to filing a written certification for the
  current covered election pursuant to paragraph (c) of this  subdivision,
  or  (ii)  in  the event no such timely notice has been given pursuant to
  subparagraph (i), the candidate has been given an opportunity to present
  to the board reasons he or she should  be  eligible  to  receive  public
  funds.
    (o)  agree that expenditures by his or her principal committee for the
  purpose of advocating a vote for or against a proposal on the ballot  in

  an  election  that  is  also  a covered election shall be subject to the
  contribution and expenditure  limitations  applicable  in  such  covered
  election.
    1-a.  Notwithstanding  any  inconsistent  provision of this section, a
  participating candidate or  his  or  her  principal  committee  may  not
  accept,   either   directly   or   by   transfer,  any  contribution  or
  contributions  for  a  covered  election  in  which  he  or  she  is   a
  participating  candidate from a natural person who has business dealings
  with the city, as that  term  is  defined  in  subdivision  eighteen  of
  section 3-702 of this chapter, if the aggregate of such contributions to
  such  candidate  from  such person for all covered elections in the same
  calendar year exceeds: (i) for the office of mayor, public  advocate  or
  comptroller  four  hundred  dollars;  (ii)  for  borough president three
  hundred twenty dollars; and (iii) for member of  the  city  council  two
  hundred fifty dollars; provided that a participating candidate or his or
  her principal committee may accept additional contributions which do not
  exceed  one half the amount of the applicable limitation for any run-off
  primary election, additional day for voting  held  pursuant  to  section
  3-108  of  the  New  York state election law, special election to fill a
  vacancy,  run-off  special  election  to  fill  a  vacancy,  delayed  or
  otherwise  postponed  election, or election held pursuant to court order
  which is a covered election and in which the candidate seeks  nomination
  for election or election. Any contribution made pursuant to this section
  shall not be a matchable contribution. For purposes of this subdivision,
  "person"  shall  include  any  chief  executive officer, chief financial
  officer and/or chief operating officer of an entity which  has  business
  dealings  with  the  city,  any  person  employed in a senior managerial
  capacity regarding such an entity, or any person  with  an  interest  in
  such  an entity which exceeds ten percent of the entity. For purposes of
  this subdivision, the phrase "senior managerial capacity" shall  mean  a
  high level supervisory capacity, either by virtue of title or duties, in
  which  substantial  discretion  and  oversight  is  exercised  over  the
  solicitation, letting or administration of  business  transactions  with
  the city, including contracts, franchises, concessions, grants, economic
  development   agreements   and  applications  for  land  use  approvals.
  Notwithstanding any provision of this subdivision,  the  limitations  on
  contributions  contained herein shall not apply to any contribution made
  by a natural person who  has  business  dealings  with  the  city  to  a
  participating  candidate  or  his  or her principal committee where such
  participating candidate is the contributor, or where such  participating
  candidate   is  the  contributor's  parent,  spouse,  domestic  partner,
  sibling, child, grandchild, aunt, uncle,  cousin,  niece  or  nephew  by
  blood or by marriage.
    1-b.  Individuals  and organizations having business dealings with the
  city of New York.  a.  Each  participating  candidate  and  his  or  her
  principal  committee shall inquire of every individual or entity making,
  a contribution, loan, guarantee or  other  security  for  such  loan  in
  excess  of  the  amounts  set forth in subdivision 1-a of section 3-703,
  through a question, in a form prescribed by the campaign finance  board,
  as  to  whether  such  individual,  corporation,  partnership, political
  committee, employee organization or other entity has  business  dealings
  with  the city, as that term is defined in this chapter, and, if so, the
  name of the agency or entity with which such business  dealings  are  or
  were  carried  on  and the appropriate type or category of such business
  dealings. Such form  shall  contain  in  prominent  typeface  and  in  a
  prominent location the statement "If a contributor has business dealings
  with  the  City as defined in the campaign finance act, such contributor
  may contribute only up to two hundred fifty dollars  for  city  council,

  three  hundred  twenty  dollars  for  borough president and four hundred
  dollars for mayor, comptroller or public advocate." Upon receipt of  the
  response  to  such  inquiry  (including  any  failure  to  respond), the
  principal  committee  shall  keep a copy in its records and shall report
  each contribution to the board on the next applicable filing deadline in
  accordance with the board's disclosure schedule. The board  shall  check
  each  contribution  against the doing business database and shall notify
  the principal committee within twenty days  of  the  reporting  of  such
  contribution if a contribution exceeding the doing business contribution
  limitation  set  forth in subdivision 1-a of section 3-703 is subject to
  such limitations  of  this  subchapter  or  if  a  contribution  is  not
  matchable pursuant to such subdivision. Notwithstanding any provision in
  this  subdivision,  in  the six weeks preceding the covered election the
  board shall provide such notification to  the  principal  or  authorized
  committee   within   three  business  days  of  the  reporting  of  such
  contribution to  the  board  in  accordance  with  applicable  reporting
  deadlines.  If  the board fails to notify the principal committee that a
  contribution is in excess of the limitations set  forth  in  subdivision
  1-a   of   section  3-703  of  this  chapter  in  accordance  with  this
  subdivision, any such contribution shall be deemed valid for purposes of
  such limitation, provided, however, that no such contribution  shall  be
  matchable. Such principal committee shall have twenty days from the date
  of  any  such  notification  to return the amount of any contribution in
  excess of the limitations set forth in subdivision 1-a of section  3-703
  to  the  contributor.  No  violation shall issue and no penalty shall be
  imposed where such excess  amount  is  postmarked  or  delivered  within
  twenty  days  of  such notification by the board and the board shall not
  designate a candidate as having accepted a  contribution  in  excess  of
  such  limitations where such excess has been returned in accordance with
  the time limitations set forth herein. Failure  to  return  such  excess
  amount  in accordance with the provisions herein shall not result in the
  board withholding public funds for which the  participating  candidate's
  principal  committee  is otherwise eligible pursuant to section 3-705 of
  this chapter; provided, however, that the board  may  deduct  an  amount
  equal to the total unreturned contributions in excess of the limitations
  set  forth in subdivision 1-a of section 3-703 of this chapter from such
  payment of public funds. For  purposes  of  this  section,  "individual"
  shall  include  any  chief  executive  officer, chief financial officer,
  and/or chief operating officer of an entity or  persons  serving  in  an
  equivalent   capacity,  any  person  in  a  senior  managerial  capacity
  regarding an entity, or any person with an interest in an entity,  which
  exceeds ten percent of the entity. For purposes of this subdivision, the
  phrase  "senior managerial capacity" shall mean a high level supervisory
  capacity, either by virtue of title  or  duties,  in  which  substantial
  discretion  and oversight is exercised over the solicitation, letting or
  administration  of  business  transactions  with  the  city,   including
  contracts,   franchises,   concessions,   grants,  economic  development
  agreements, and applications for land use approvals. Notwithstanding any
  other provision of this section, no  participating  candidate  shall  be
  liable  for  any  fine  or penalty for the failure of any contributor to
  respond to any such request or for any erroneous response.
    2.  (a)  The  threshold  for  eligibility  for  public   funding   for
  participating  candidates  in  a primary or general election, or special
  election to fill a vacancy, shall be in the case of:
    (i) mayor, not  less  than  two  hundred  fifty  thousand  dollars  in
  matchable contributions comprised of sums up to one hundred seventy-five
  dollars  per  contributor  including  at  least  one  thousand matchable
  contributions of ten dollars or more;

    (ii) public advocate  and  comptroller,  not  less  than  one  hundred
  twenty-five  thousand  dollars  in  matchable contributions comprised of
  sums of up to one hundred seventy-five dollars per contributor including
  at least five hundred matchable contributions of ten dollars or more;
    (iii) borough  president,  an  amount  equal  to the number of persons
  living in such borough as determined by the last  census  multiplied  by
  two  cents  in  matchable  contributions  comprised of sums of up to one
  hundred seventy-five dollars per  contributor  including  at  least  one
  hundred matchable contributions of ten dollars or more from residents of
  the  borough,  or  ten  thousand  dollars comprised of sums of up to one
  hundred seventy-five dollars per contributor, whichever is greater.
    (iv) member of the city council, not less than five  thousand  dollars
  in  matchable  contributions  comprised  of  sums  of  up to one hundred
  seventy-five dollars per contributor  including  at  least  seventy-five
  matchable  contributions  of  ten  dollars or more from residents of the
  district in which the seat is to be filled.
    (b) Any participating candidate meeting the threshold for  eligibility
  in  a  primary election for one of the foregoing offices shall be deemed
  to have met the threshold for eligibility for such office in  any  other
  election,  other  than a special election to fill a vacancy, held in the
  same calendar year.
    3. In order to be eligible  to  receive  public  funds  in  a  primary
  election  a  participating  candidate must agree that in the event he or
  she is a candidate for such office in any other  election  held  in  the
  same  calendar  year,  other  than a special election to fill a vacancy,
  that he or she will  be  bound  in  each  such  other  election  by  the
  eligibility requirements and all other provisions of this chapter.
    4.  Candidates  who are contested in a primary election for nomination
  for election to office and who  do  not  file  a  written  certification
  pursuant  to  paragraph (c) of subdivision one of this section shall not
  be eligible for public funds for any election to such office held in the
  same calendar year other than a special election to fill a vacancy.
    5. Participating candidates who are  seeking  nomination  or  election
  exclusively  as  write-in  candidates,  who  are  unopposed in a covered
  election, or who are opposed in a covered election  only  by  candidates
  seeking nomination or election exclusively as write-in candidates, shall
  not be eligible to receive public funds for such election.
    6. (a)  Each  participating or limited participating candidate and his
  or her principal committee, and each non-participating candidate and his
  or  her  authorized  committees  shall  report  to   the   board   every
  contribution,  loan, guarantee, or other security for such loan received
  by the candidate and such committee, the full name, residential address,
  occupation, employer, and business address of each contributor,  lender,
  guarantor, or provider of security and of each person or entity which is
  the  intermediary  for  such  contribution,  loan,  guarantee,  or other
  security for such loan, and every expenditure made by the candidate  and
  such  committee,  including  expenditures  not subject to section 3-706.
  Disclosure reports shall be submitted at such times and in such form  as
  the board shall require and shall be clearly legible.
    (b) Notwithstanding paragraph (a) above:
    (i)  an  intermediary  need  not be reported for any contribution to a
  participating  or  limited  participating  candidate  and  his  or   her
  principal  committee  or  a  non-participating  candidate and his or her
  authorized  committees  that  was  collected  from  a   contributor   in
  connection  with  a  party  or other candidate-related event held at the
  residence of the person delivering the contribution, unless the expenses
  of such events at such residence for such candidate exceed five  hundred

  dollars  for  a covered election or the aggregate contributions received
  from that contributor at such events exceed five hundred dollars;
    (ii)  contributions aggregating not more than ninety-nine dollars from
  any one contributor for all covered elections held in a single  calendar
  year  or  for  a  special  election  need  not be separately itemized in
  disclosure reports submitted to the board on behalf of a  participating,
  or  limited  participating or non-participating candidate and his or her
  principal committee or authorized committees,  provided,  however,  that
  contributions which are not itemized shall not be matchable;
    (iii)  the  treasurer  of  the principal committee need not collect or
  disclose  the  occupation,  employer,  and  business  address   of   any
  contributor  making  contributions aggregating not more than ninety-nine
  dollars for all covered elections held in a single calendar year or  for
  a  special  election;  provided, however, such occupation, employer, and
  business address shall be disclosed if such contributors  are  employees
  of  a  participating or limited participating candidate or the spouse or
  domestic partner of such candidate or an entity in which such candidate,
  spouse or domestic partner has an ownership interest of ten  percent  or
  more  or  a management position, including, but not limited to, being an
  officer, director or trustee; and
    (iv) disclosure reports, other than reports required to be filed every
  six months in accordance with the schedule specified  by  the  New  York
  state  board  of  elections,  need  not  be  submitted  on  behalf  of a
  participating  or  limited  participating  candidate  and  his  or   her
  principal  committee  or  a  non-participating  candidate and his or her
  authorized committees if the  cumulative  amount  of  contributions  and
  loans  accepted  by  such  candidate  and committee following the period
  covered in the last disclosure report submitted to the campaign  finance
  board  on  behalf of such candidate is less than two thousand dollars or
  such higher amount as may be determined by the campaign  finance  board,
  provided,  however, that disclosure reports shall be submitted on behalf
  of a participating or limited participating candidate  and  his  or  her
  principal  committee  or  a  non-participating  candidate and his or her
  authorized committees if that candidate and his or  her  committee  have
  made  expenditures  in  excess  of forty-five percent of the expenditure
  limitation  applicable  to  participating  and   limited   participating
  candidates  under  section  3-706. The campaign finance board shall make
  available to the public a copy of disclosure reports within two business
  days after they are accepted by the board.
    6-a. Any rules promulgated by the board  to  require  that  disclosure
  reports submitted pursuant to this chapter be submitted in an electronic
  format shall provide exemptions for small campaigns, as defined by board
  rules,  and  for  other campaigns that demonstrate that submission in an
  electronic format would pose a substantial hardship.
    7. Not later than the first day of March  in  the  year  two  thousand
  eighteen  and  every  fourth  year thereafter the campaign finance board
  shall (i) determine the percentage difference between the average over a
  calendar year of the consumer  price  index  for  the  metropolitan  New
  York-New  Jersey  region  published by the United States bureau of labor
  statistics for  the  twelve  months  preceding  the  beginning  of  such
  calendar  year  and  the  average  over  the  calendar year two thousand
  fifteen  of  such  consumer  price  index;  (ii)  adjust  each   maximum
  contribution  applicable pursuant to paragraph (f) of subdivision one of
  this section by the amount of such percentage difference to the  nearest
  fifty  dollars;  and (iii) publish such adjusted maximum contribution in
  the City Record. Such adjusted maximum contribution shall be  in  effect
  for any election held before the next such adjustment.

    8.  If  a  participating or limited participating candidate and his or
  her principal committee or a non-participating candidate and his or  her
  authorized   committees  demonstrate  to  the  board  that  a  political
  committee has not accepted contributions, loans, or  other  receipts  or
  made expenditures or transfers in a covered election, and represent that
  such  committee  will not accept contributions, loans, or other receipts
  or  make  expenditures  or  transfers  in  a   covered   election,   the
  participating   or  limited  participating  candidate  and  his  or  her
  principal committee  or  non-participating  candidate  and  his  or  her
  authorized  committees  may  submit  to  the  board  legible  copies  of
  financial disclosure reports, required to be  filed  with  the  city  or
  state  board of elections, for such committees in lieu of the disclosure
  report form designated by the board for purposes of subdivision  six  of
  this section.
    9.  No  political  committee authorized by a participating, or limited
  participating or non-participating candidate for a covered election  may
  be  authorized  to  aid  or  take part in the elections of more than one
  candidate.
    10. All receipts accepted by a participating or limited  participating
  candidate  and  his  or her principal committee shall be deposited in an
  account  of  the  principal  committee.  All  receipts  accepted  by   a
  non-participating  candidate  and his or her authorized committees shall
  be deposited in an account of the authorized committees.  The  treasurer
  of  the principal committee or authorized committee shall be responsible
  for making such deposits. All deposits shall be made within ten business
  days of receipt; provided, however, that deposits of contributions  made
  in   the  form  of  checks  received  by  a  participating,  or  limited
  participating or non-participating candidate and his or  her  committees
  for  the  office  of  city  council  more than one year before the first
  covered election for which  such  candidate  is  seeking  nomination  or
  election  may  be  made  within  twenty  business  days of receipt. Each
  disclosure report filed pursuant to  subdivision  six  of  this  section
  shall include the date of receipt of each contribution accepted.
    11.   Regardless   whether   a  participating  candidate  demonstrates
  eligibility  for  optional  public  financing  under  this  chapter,   a
  participating   candidate   and  his  or  her  principal  committee  are
  nonetheless required to abide by the  requirements  of  paragraphs  (d),
  (e), (f), (g), (h), (i), (k) and (l) of subdivision one of this section.
    12.   (a)   Each  participating  candidate  or  limited  participating
  candidate for nomination for election, or  election,  or  the  principal
  committee  of such candidate, shall submit, in a contemporaneous manner,
  the disclosure reports required  pursuant  to  this  chapter,  filed  in
  accordance  with  the schedule specified by the state board of elections
  for the filing of campaign receipt and expenditure statements, and  such
  other disclosure reports as the rules of the board may require, in order
  for  any  contributions  received  during  the  periods  covered by such
  reports and prior to the last date upon which such candidate may file  a
  certification  pursuant  to  paragraph  (c)  of  subdivision one of this
  section to qualify as matchable contributions.
    (b) The board shall review each disclosure report timely submitted  by
  a  candidate prior to the last date upon which such candidate may file a
  certification pursuant to paragraph  (c)  of  subdivision  one  of  this
  section, or subdivision one of section 3-718, and issue to the candidate
  a  review  before  the  next disclosure report is due. Such review shall
  inform the candidate of relevant questions the board has concerning  the
  candidate's: (i) compliance with requirements of this chapter and of the
  rules  issued  by the board; and (ii) qualification for receiving public
  funds pursuant to this chapter. In the course of this review, the  board

  shall give candidates an opportunity to respond to and correct potential
  violations,  before  the deadline for filing a certification pursuant to
  paragraph (c) of subdivision one of this section, or subdivision one  of
  section  3-718,  and give candidates an opportunity to address questions
  the board has concerning their matchable contribution  claims  or  other
  issues  concerning  eligibility  for  receiving public funds pursuant to
  this chapter; provided, however, this paragraph shall not apply  to  the
  last  required  disclosure  report  before  the  deadline  for  filing a
  certification pursuant to paragraph  (c)  of  subdivision  one  of  this
  section  or  subdivision one of section 3-718. Nothing in this paragraph
  shall preclude the board from  subsequently  reviewing  such  disclosure
  reports and taking any action otherwise authorized under this chapter.
    13. Candidates who file a certification pursuant to subdivision one of
  this  section  shall not be eligible to file a certification pursuant to
  section 3-718, and candidates  who  file  a  certification  pursuant  to
  section  3-718 shall not be eligible to file a certification pursuant to
  subdivision one of this section.
    14. (a) Transfers that a principal committee receives from a political
  committee (other than another principal committee) at any time during an
  election cycle shall:
    (i) be attributed to previous contributions  in  accordance  with  the
  duly  promulgated rules of the campaign finance board applicable to such
  transfer or use;
    (ii) exclude an amount equal to the total of:
    (A) such previous contributions, or portions thereof, that violate the
  limitations, restrictions, or  prohibitions  of  the  charter  and  this
  chapter  applicable  in  the  covered  election  for which the principal
  committee is designated; and
    (B) such previous contributions, or portions thereof,  for  which  the
  principal  committee  has not obtained and submitted to the board, prior
  to receipt of the transfer, evidence  of  the  contributor's  intent  to
  designate  the  contribution  for  such  covered election, and any other
  record, as determined by the rules of the board; and
    (iii) not be matchable.
    (b)  Each  transfer,  the  contributions  to  which  the  transfer  is
  attributed,   and   all   expenditures  made  in  connection  with  such
  contributions shall be reported to the  board  in  the  next  disclosure
  report  due  pursuant  to  this  section  3-703  after  the  transfer is
  received.  These  expenditures  shall,  at  a   minimum,   include   all
  expenditures  made by the political committee making the transfer during
  the election cycle of  the  covered  election.  The  board  shall  issue
  instructions defining the circumstances in which such disclosure reports
  shall  also  include  additional  expenditures  made  by other political
  committees authorized by the  participating  candidate  that  originally
  received  such  contributions  and additional expenditures made prior to
  such  election  cycle.  Such  expenditures  shall  be  applied  to   the
  expenditure limit applicable under 3-706.
    (c)  Participating  candidates  shall have the burden of demonstrating
  that expenditures reported pursuant to paragraph (b) of this subdivision
  are not subject to the expenditure limit applicable under section  3-706
  and  are  not  a  basis  for  reducing public funds payments pursuant to
  subdivision eight of section 3-705 of this chapter.
    (d) Nothing in this subdivision is intended to modify or supersede any
  federal law that prohibits or otherwise restricts the use of campaign or
  donated  funds  by   political   committees,   candidates   or   federal
  officeholders.
    15.  Participating  candidates, their campaign managers, treasurers or
  persons with significant managerial control over  a  campaign  shall  be

  required  to  attend  a  training provided by the campaign finance board
  concerning compliance with the  requirements  of  the  campaign  finance
  program and use of the campaign finance program software.