Commission Certifies Federal Matching Funds for Gary Johnson
The Commission has certified Gary Johnson’s presidential campaign eligible for an additional $4,484.00 in federal matching funds for the 2012 primary election. The certification is based on the agency’s review of the campaign’s most recent matching fund submission. The United States Treasury Department transferred the certified amount on November 15. To date, the Commission has certified the Libertarian nominee eligible for a total of $308,235.20 in matching funds.
Johnson is one of three candidates to be declared eligible for federal matching funds in 2012. The Commission has also certified $351,961.10 in federal matching funds to Charles E. “Buddy” Roemer III and $333,331.22 to Jill Stein for the primary.
To become eligible, candidates must raise a threshold amount of $100,000 by collecting $5,000 in 20 different states in amounts no greater than $250 from any individual. Other requirements to be declared eligible include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping financial records and permitting an extensive campaign audit.
The presidential public funding program is financed through the $3 check-off that appears on individual income tax returns. The program has three elements: grants to parties to help fund their nominating conventions, grants available to nominees to pay for the general election campaign, and matching payments to participating candidates during the primary campaign.
(Posted 11/16/12; By: Dorothy Yeager)
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