B. Candidates Raising and Spending $2,000 or More
A candidate who plans to raise or spend $2,000 or more in a calendar year, including the candidate’s personal funds, must:
• File the Form 501 (Candidate Intention Statement) .
• Establish a campaign bank account. • File the Form 410 (Statement of Organization) .
A candidate or officeholder who would like to use leftover campaign funds from a previous election must redesignate or transfer the funds before they become “surplus funds.” (See Chapters 5 and 11.) As discussed in detail later in the manual, once a candidate controlled committee has raised or spent $2,000 or more, the following reports must also be filed: • Form 497 (24-Hour/10-Day Contribution Report) . Within 90 days before the election, including the date of the election, if a committee receives a contribution(s) of $1,000 or more from a single source, the Form 497 must be filed within 24 hours. • Form 460 (Recipient Committee Campaign Statement) . The Form 460 contains an overview of the committee’s activity during a specified period. It is used to file semi-annual and preelection statements. Committees Controlled by Two or More Candidates If two or more candidates form one committee to support their candidacies for elective office, such as a slate of candidates running for school board or city council, they must: • Each file the Form 501 (Candidate Intention Statement) . • Establish one bank account for the committee (each candidate must deposit all contributions and make all expenditures from this bank account). • File one Form 410 (Statement of Organization) .
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 2.4
Campaign Manual 2 August 2023 Page 130
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