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New Jersey Regulations § 19:25-15.63 Inaugural event contributions from children or trusts

⤴ Up to Subchapter 15: Public Financing; General Elections for the Offices of Governor and of Lieutenant Governor

Regulation Text

(a) A contribution to a gubernatorial fund raising event by a child under the age of 18 shall be deemed made by the parent who is responsible for the contribution unless:
1. The child is 14 years of age or older and a signed statement from the child and the child's parent or guardian is submitted to the commission that the decision to contribute was solely that of the child and the funds used to make the contribution were legally and beneficially controlled by the child and were not the proceeds of a gift made for the purpose of the contribution; or
2. The child is 11 years old or older and, in addition to the signed statements set forth in (a)1 above, evidence is submitted satisfactory to the commission that the child acted independently and with full knowledge of the contribution.
(b) A contribution to a gubernatorial fund raising event by a check drawn on an escrow or trust account shall be deemed to be made by the person who is the beneficial owner of the account, and the check or an accompanying written instrument must bear the signature of such beneficial owner.

History

New Rule, R.1986 d.225, effective 6/16/1986 . See: 18 N.J.R. 631(a), 18 N.J.R. 1311(b). Recodified by R.1989 d.341, effective 6/5/1989 . See: 21 N.J.R. 1109(a), 21 N.J.R. 1837(a). Recodified from N.J.A.C. 19:25-15.51.

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