Bradley First Presidential Candidate Declared Eligible for Primary Matching Funds in 2000 Race

BRADLEY FIRST PRESIDENTIAL CANDIDATE DECLARED ELIGIBLE

FOR PRIMARY MATCHING FUNDS IN 2000 RACE

WASHINGTON – Bill Bradley today became the first 2000 presidential candidate to be declared eligible by the Federal Election Commission to receive federal matching funds. Bradley is seeking the Democratic nomination for president in 2000.

To become eligible for matching funds, 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.

Based on documents filed by the Bradley campaign on March 2, 1999, contributions from the following states were verified for threshold purposes: Alabama, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Illinois, Iowa, Kentucky, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington.

Once declared eligible, campaigns may submit additional contributions for matching funds on the first business day of every month. The U.S. Treasury Department will pay the FEC-certified amounts beginning in January 2000. The maximum amount a candidate could receive is currently calculated to be $16.75 million.

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