Page:United States Statutes at Large Volume 116 Part 1.djvu/137

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PUBLIC LAW 107-155—MAR. 27, 2002 116 STAT. Ill a candidate to the extent that the amount of such increased Hmit is attributable to such an opposing candidate. " (4) DISPOSAL OF EXCESS CONTRIBUTIONS.— "(A) IN GENERAL.— The aggregate amount of contributions accepted by a candidate or a candidate's authorized committee under the increased Hmit under paragraph (1) and not otherwise expended in connection with the election with respect to which such contributions relate shall, not later than 50 days after the date of such election, be used in the manner described in subparagraph (B). "(B) RETURN TO CONTRIBUTORS. — A candidate or a candidate's authorized committee shall return the excess contribution to the person who made the contribution. " (b) NOTIFICATION OF EXPENDITURES FROM PERSONAL FUNDS. — " (1) IN GENERAL.— "(A) DEFINITION OF EXPENDITURE FROM PERSONAL FUNDS.— In this paragraph, the term 'expenditure from personal funds' means— "(i) an expenditure made by a candidate using personal funds; and "(ii) a contribution or loan made by a candidate using personal funds or a loan secured using such funds to the candidate's authorized committee. "(B) DECLARATION OF INTENT. —Not later than the date that is 15 days after the date on which an individual becomes a candidate for the office of Representative in, or Delegate or Resident Commissioner to, the Congress, the candidate shall file a declaration stating the total amount of expenditures from personal funds that the candidate intends to make, or to obligate to make, with respect to the election that will exceed $350,000. "(C) INITL^L NOTIFICATION.—Not later than 24 hours after a candidate described in subparagraph (B) makes or obligates to make an aggregate amount of expenditures from personal funds in excess of $350,000 in connection with any election, the candidate shall file a notification. "(D) ADDITIONAL NOTIFICATION.— After a candidate files an initial notification under subparagraph (C), the candidate shall file an additional notification each time expenditures from personal funds are made or obligated to be made in an aggregate amount that exceeds $10,000. Such notification shall be filed not later than 24 hours after the expenditure is made. "(E) CONTENTS. —^A notification under subparagraph (C) or (D) shall include— "(i) the name of the candidate and the office sought by the candidate; "(ii) the date and amount of each expenditure; and "(iii) the total amount of expenditures from personal funds that the candidate has made, or obligated to make, with respect to an election as of the date of the expenditure that is the subject of the notification. " (F) PLACE OF FILING. —Each declaration or notification required to be filed by a candidate under subparagraph (C), (D), or (E) shall be filed with— "(i) the Commission; and Deadline. Deadline. Deadline.