(a)
If an expenditure is authorized by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee or legislative leadership committee to be made by use of or by a charge against a credit card account that was not established in the name of that candidate committee, joint candidates committee, political committee, continuing political committee, political party committee or legislative leadership committee, the person or entity owning the credit card and who is liable for any debt charged against that credit card account shall be deemed to have made a loan to that committee subject to reporting as a loan in the amount charged until such time as the committee reimburses that person or entity for that amount.
(b)
Whenever a committee pursuant to (a) above makes an expenditure to reimburse a person or entity for a charge made against that person's or entity's credit card account, that committee shall report the following information for each such charge:
1.
The exact name or title of the person or entity owning the credit card account, and the name of the lending institution that issued the card;
2.
The name and address of the vendor from whom the purchase was made;
3.
The date of the purchase;
4.
A description pursuant to
19:25-12.2
(b)
of the purpose of the purchase, including a specific itemization of the goods or services acquired;
5.
The amount of the purchase; and
6.
The name of the payee, and the number, date and amount of the reimbursement check.
(c)
For the purposes of this section, the term "reimbursement" shall include an expenditure made payable to either the person or entity owning the credit card account and who is liable for any debt charged against that credit card account or an expenditure made payable to the issuer of the credit card account.
(d)
A candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee that makes an expenditure to pay for goods or services using a credit card account that is owned by and issued in the name of the candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, shall report the following information:
1.
The name and address of the lending institution that issued the credit card account;
2.
The check number, payment date, and amount of the expenditure paid to the issuer of the credit card; and
3.
For each purchase itemized on the statement issued for the credit card account, the name and address of the vendor, the date and amount of the purchase, and a description pursuant to
19:25-12.2
(b)
of the purpose of the purchase, including a specific itemization of the goods or services acquired.
(e)
A candidate committee, joint candidates committee, or political committee shall report to the Commission on its election fund report as an outstanding obligation any amount owed on a credit card account issued to the candidate committee, joint candidates committee, or political committee, pursuant to (d) above, which amount remains unpaid on the final date of an election fund report period.
(f)
A continuing political committee, political party committee, or legislative leadership committee shall report to the Commission on its quarterly report as an outstanding obligation any amount owed on a credit card account issued to the continuing political committee, political party committee, or legislative leadership committee, pursuant to (d) above, which amount remains unpaid on the final date of a quarterly report period.
(g)
Payment by use of credit card reported pursuant to (a) and (d) above shall not be deemed to be in violation of
19:44A-11
, requiring campaign expenditures to be made through the campaign or organizational treasurer.
History
Amended by R.2000 d.322, effective
8/7/2000
.
See: 32 N.J.R. 1291(a), 32 N.J.R. 2930(a).
In (a), substituted "authorized by" for "made on behalf of" following "expenditure is", and inserted "to be made" following "committee".
Amended by R.2004 d.280, effective
7/19/2004
.
See: 36 N.J.R. 1895(a), 36 N.J.R. 3418(a).
Added a new (c); added (d) and (e); recodified former (c) as (f) and inserted "and (c)" preceding "above".
Amended by R.2005 d.192, effective
6/20/2005
.
See: 37 N.J.R. 754(a), 37 N.J.R. 2228(a).
Rewrote the section.
Amended by R.2010 d.062, effective
4/19/2010
.
See: 41 N.J.R. 4682(a), 42 N.J.R. 811(a).
In (g), substituted "(d)" for "(c)".