Commission Certifies Matching Funds for O’Malley
On January 20, 2016, the Commission certified $846,365.09 in federal matching funds to presidential candidate Martin J. O’Malley for the 2016 primary election. O’Malley is seeking the Democratic nomination for president. The certified amount was in response to the first regular submission for matching funds made by the O’Malley campaign.
In November, O’Malley became the first 2016 presidential candidate to be declared eligible by the Commission to receive federal matching funds. Based on his initial threshold submission, the Commission requested that the United States Treasury make an initial payment of $100,000 to O’Malley’s campaign. The United States Treasury transferred the initial payment on January 4, 2016.
The Commission will now ask the Treasury to make an additional payment of $846,365.09 to O’Malley for President.1
To become eligible for matching funds, candidates must raise a threshold amount of $100,000 by collecting $5,000 in 20 different states. Although an individual may contribute up to $2,700 to a primary candidate in the current election cycle, only a maximum of $250 per individual is matched with funds from the Presidential Election Campaign Fund.
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 audit of campaign financial activity.
(Posted 01/22/2016; By: Alex Knott)
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