News Releases, Media Advisories
REPUBLICAN AND DEMOCRATIC PARTIES TO RECEIVE ADDITIONAL FUNDS
FOR PARTY NOMINATING CONVENTIONS
WASHINGTON – The Federal Election Commission today certified an additional $288,000 in public funds for the two major political parties for their 2000 presidential nominating conventions.
The FEC action raises to $13,512,000 the total amount of public funds certified to the Republican and Democratic parties for their conventions.
The additional payment is based on federal election law, stipulating that the conventions receive $4 million plus a cost-of-living adjustment (COLA) over 1974. In July, 1999, each party received $13,224,000 as the initial payment for their 2000 conventions.
The Reform Party is entitled to a portion of the full grant for its convention activities, and has received $2,468,921.
Qualified convention committees receive public funds to defray the expenses of their conventions. The Presidential Election Campaign Fund, which is financed by dollars voluntarily checked off by taxpayers on their federal income tax returns, is the source of public funds for political party conventions, general election grants, and primary matching funds,.
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