26 U.S.C. § 9034 : US Code - Section 9034: Entitlement of eligible candidates to payments

Search 26 U.S.C. § 9034 : US Code - Section 9034: Entitlement of eligible candidates to payments

(a) In general
Every candidate who is eligible to receive payments under section
9033 is entitled to payments under section 9037 in an amount equal
to the amount of each contribution received by such candidate on or
after the beginning of the calendar year immediately preceding the
calendar year of the presidential election with respect to which
such candidate is seeking nomination, or by his authorized
committees, disregarding any amount of contributions from any
person to the extent that the total of the amounts contributed by
such person on or after the beginning of such preceding calendar
year exceeds $250. For purposes of this subsection and section
9033(b), the term "contribution" means a gift of money made by a
written instrument which identifies the person making the
contribution by full name and mailing address, but does not include
a subscription, loan, advance, or deposit of money, or anything of
value or anything described in subparagraph (B), (C), or (D) of
section 9032(4).
(b) Limitations
The total amount of payments to which a candidate is entitled
under subsection (a) shall not exceed 50 percent of the expenditure
limitation applicable under section 320(b)(1)(A) of the Federal
Election Campaign Act of 1971.