Committees controlled by two or more candidates file only one Form 460 (Recipient Committee Campaign Statement) to disclose the committee’s activity each time the statement is due.
C. Candidate Controlled Committees – One Bank Account Rule Under the Act, a candidate or officeholder must establish one controlled committee with one bank account for each election. All contributions must be deposited in and all expenditures must be made from the campaign bank account. The Act’s one committee/one bank account rule for candidates and elected officeholders gives clear disclosure of the candidate or elected officeholder’s campaign finances and ensures compliance with applicable local and state contribution limits. A committee set up by the candidate or officeholder for their election is the candidate’s controlled committee.
QUICK TIP: A candidate or officeholder may only have one bank account per committee.
A candidate controls a committee if they have a significant influence on the actions or decisions of the committee or acts jointly with the committee in connection with its expenditures. Under the one committee/one bank account provisions of the Act, a candidate or officeholder who controls a committee for their election may not at the same time control a general purpose committee, such as an “Improve River City” committee. In limited circumstances, exceptions to the one committee/one bank account rule exist to permit a local candidate or officeholder to control a ballot measure committee, legal defense fund, or officeholder expense committee (if provided by local ordinance).
Fair Political Practices Commission advice@fppc.ca.gov
Chapter 2.5
Campaign Manual 2 August 2023 Page 131
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