Notice2023-10352
2024 Presidential Candidate Matching Fund Submission Dates and Post Date of Ineligibility Dates To Submit Statements of Net Outstanding Campaign Obligations
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 16, 2023
Issuing agencies
Federal Election Commission
Abstract
The Federal Election Commission is publishing matching fund submission dates for publicly funded 2024 presidential primary candidates. Eligible candidates may present one submission and/or resubmission per month on the designated date. The Commission is also publishing the dates on which publicly funded 2024 presidential primary candidates must submit their statements of net outstanding campaign obligations after their dates of ineligibility. Candidates are required to submit a statement of net outstanding campaign obligations prior to each regularly scheduled date on which they receive Federal matching funds, on dates set forth in the SUPPLEMENTARY INFORMATION below.
Full Text
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<title>Federal Register, Volume 88 Issue 94 (Tuesday, May 16, 2023)</title>
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[Federal Register Volume 88, Number 94 (Tuesday, May 16, 2023)]
[Notices]
[Pages 31265-31266]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10352]
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FEDERAL ELECTION COMMISSION
[NOTICE 2023-XX]
2024 Presidential Candidate Matching Fund Submission Dates and
Post Date of Ineligibility Dates To Submit Statements of Net
Outstanding Campaign Obligations
AGENCY: Federal Election Commission.
ACTION: Notice of matching fund submission dates and submission dates
for statements of net outstanding campaign obligations for 2024
presidential candidates.
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SUMMARY: The Federal Election Commission is publishing matching fund
submission dates for publicly funded 2024 presidential primary
candidates. Eligible candidates may present one submission and/or
resubmission per month on the designated date. The Commission is also
publishing the dates on which publicly funded 2024 presidential primary
candidates must submit their statements of net outstanding campaign
obligations after their dates of ineligibility. Candidates are required
to submit a statement of net outstanding campaign obligations prior to
each regularly scheduled date on which they receive Federal matching
funds, on dates set forth in the SUPPLEMENTARY INFORMATION below.
FOR FURTHER INFORMATION CONTACT: Zuzana Pacious, Audit Division, 1050
First Street NE, Washington, DC 20463, (202) 694-1200 or (800) 424-
9530.
SUPPLEMENTARY INFORMATION:
Matching Fund Submissions
Presidential candidates eligible to receive Federal matching funds
may present submissions and/or resubmissions to the Federal Election
Commission once a month on designated submission dates. The Commission
will review the submissions/resubmissions and forward certifications
for eligible candidates to the Secretary of the Treasury. Because no
payments can be made during 2023, submissions received during 2023 will
be certified in late December 2023, for payment in 2024. 11 CFR
9036.2(c); see also 26 U.S.C. 9032(6), 9037(b) (allowing payments only
during matching payment period that begins in calendar year of
election). Treasury Department regulations require that funds for the
general election grants be set aside before any matching fund payments
are made. Information provided by the Treasury Department shows the
balance in the fund as of March 31, 2023, was $434,911,060 and the
Commission estimates that funds will be available for matching payments
in January 2024. During 2024 and 2025, certifications will be made on a
monthly basis. The last date a candidate may make a submission is March
3, 2025.
The submission dates specified in the following list pertain to
non-threshold matching fund submissions and resubmissions after the
candidate establishes eligibility. The threshold submission on which
that eligibility will be determined may be filed at any time and will
be processed within fifteen business days, unless review of the
threshold submission determines that eligibility has not been met.
Net Outstanding Campaign Obligations Submissions
Under 11 CFR 9034.5, a candidate who received Federal matching
funds must submit a net outstanding campaign obligations (``NOCO'')
statement to the Commission within 15 calendar days after the
candidate's date of ineligibility (``DOI''), as determined under 11 CFR
9033.5. See also 26 U.S.C. 9033(c) (describing periods of eligibility
for payments). The candidate's net outstanding campaign obligations
equal the total of all outstanding obligations for qualified campaign
expenses plus estimated necessary winding down costs less cash on hand,
the fair market value of capital assets, and amounts owed to the
committee, or a commercially reasonable amount based on the
collectability of those amounts. 11 CFR 9034.5(a). Candidates will be
notified of their DOI by the Commission.
A candidate who has net outstanding campaign obligations post-DOI
may continue to submit matching payment requests provided the candidate
certifies that the remaining net outstanding campaign obligations equal
or exceed the amount submitted for matching. 11 CFR 9034.5(f)(1). If
the candidate so certifies, the Commission will process the request and
certify the appropriate amount of matching funds.
Candidates must also file revised NOCO statements in connection
with each matching fund request submitted after the candidate's DOI. 11
CFR 9034.5(f)(2). These statements are due
[[Page 31266]]
just before the next regularly scheduled payment date, on a date to be
determined by the Commission. They must reflect the financial status of
the campaign as of the close of business three business days before the
due date of the statement and must also contain a brief explanation of
each change in the committee's assets and obligations from the most
recent NOCO statement. Id.
The Commission will review the revised NOCO statement and adjust
the committee's certification to reflect any change in the committee's
financial position that occurs after submission of the matching payment
request and the date of the revised NOCO statement. The following
schedule includes both matching fund submission dates and submission
dates for revised NOCO statements.
Schedule of Matching Fund Submission Dates and Dates To Submit Revised
Statements of Net Outstanding Campaign Obligations (NOCO) for 2024
Presidential Candidates
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Revised NOCO submission
Matching fund submission dates dates
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January 2, 2024........................... December 21, 2023.
February 1, 2024.......................... January 24, 2024.
March 1, 2024............................. February 22, 2024.
April 1, 2024............................. March 22, 2024.
May 1, 2024............................... April 23, 2024.
June 3, 2024.............................. May 23, 2024.
July 1, 2024.............................. June 21, 2024.
Aug. 1, 2024.............................. July 24, 2024.
September 3, 2024......................... August 23, 2024.
October 1, 2024........................... September 23, 2024.
November 1, 2024.......................... October 24, 2024.
December 2, 2024.......................... November 21, 2024.
January 2, 2025........................... December 23, 2024.
February 3, 2025.......................... January 24, 2025.
March 3, 2025............................. February 21, 2025.
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On behalf of the Commission.
Dara S. Lindenbaum,
Chair, Federal Election Commission.
[FR Doc. 2023-10352 Filed 5-15-23; 8:45 am]
BILLING CODE 6715-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.