Maryland Statutes § 15-107 Distribution of money in fund
Statute Text
(a)
(1)
In accordance with subsection (c) of this section and regulations adopted by the State Board, the State Board shall authorize distribution of money in the Fund on a continuing basis on certification that the qualifications under §
15-104
of this title have been met.
(2)
Distributions shall begin not earlier than January 1 of the year of the election.
(b)
If the State Board determines that there is not, or may not be, sufficient money in the Fund to provide a full public contribution to all eligible gubernatorial tickets, the State Board shall allocate the available money so that each eligible gubernatorial ticket in that election receives a proportionate share of the full public contribution to which the gubernatorial ticket otherwise would be entitled.
(c)
(1)
The State Board shall authorize distribution of the money that is designated for distribution as provided in this subsection.
(2)
The State Board shall distribute a public contribution from the Fund to each gubernatorial ticket during the distribution period in matching dollars equal to:
(i)
$8 for each dollar of an eligible private contribution received for the first $50 of each eligible private contribution;
(ii)
$6 for each dollar of an eligible private contribution received for the second $50 of each eligible private contribution;
(iii)
$2 for each dollar of an eligible private contribution received for the third $50 of each eligible private contribution; and
(iv)
$0 for each dollar of an eligible private contribution received for the remaining $100 of each eligible private contribution.
(3)
The total public contribution payable to a gubernatorial ticket for either a primary or general election may not exceed $3,000,000.
(4)
The State Board may not distribute matching dollars from the Fund to a gubernatorial ticket for:
(i)
a contribution or loans from the gubernatorial ticket or the spouse of a member of the gubernatorial ticket; or
(ii)
an in-kind contribution of property, goods, or services.
(5)
A gubernatorial ticket that is unopposed in a primary election shall receive one-third of the public contribution amount the gubernatorial ticket would otherwise be entitled to receive.
History
Renumbered from
Added by 2015 Md. Laws, Ch. 312 , Sec. 1 , eff. 7/1/2015 .
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