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New Jersey Regulations § 19:25-11.9 Contributions from affiliated corporations, associations or labor organizations

⤴ Up to Subchapter 11: Contribution Limits

Regulation Text

(a) A corporation, association or labor organizations or any subsidiary, affiliate, branch, division, department or local unit of any such corporation, association or labor organization shall not make any contribution to or on behalf of a candidate, candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee which, when added to any other contribution by any related or affiliated corporation, association or labor organization, to the candidate, candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee exceeds in the aggregate the applicable contribution limit in 19:25-11.2 (a) . Whether such corporation, association or labor organization is related or affiliated shall depend on the circumstances existing at the time of such contribution, including, but not by way of limitation, the degree of control or common ownership with related or affiliated corporations, associations or labor organizations, the source and control of funds used for such contribution and the degree to which the decisions whether to contribute, to what candidate and in what amount are independent decisions.
(b) In considering the criteria set forth in (a) above, two or more corporations shall be conclusively deemed to be affiliated if:
1. Any individual, corporation, partnership, company, association, or other entity owns, directly or indirectly, more than a 30 percent interest in each of such corporations; or
2. One such corporation owns, directly or indirectly, more than a 30 percent interest in the other such corporation.

History

New Rule, R.1997 d.81, effective 2/18/1997 . See: 28 New Jersey Register 5059(a), 29 New Jersey Register 591(a). Amended by R.2004 d.280, effective 7/19/2004 . See: 36 New Jersey Register 1895(a), 36 New Jersey Register 3418(a). In (a), inserted "political committee, continuing political committee," preceding "political party committee" throughout the first sentence.

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