(a) Before raising any contribution governed by this Article, an applicant candidate must:
(1) file notice of intent with the Board on or before April 15 of the year of the election on a form prescribed by the Board; and
(2) establish a publicly funded campaign account for the candidate for the purpose of receiving eligible contributions and spending funds in accordance with this Article.
(b) Other than a contribution from an applicant candidate or the candidate’s spouse, an applicant candidate must not accept an eligible contribution from an individual greater than $150.
(c) An applicant candidate must not accept a loan from anyone other than the candidate or the candidate’s spouse. An applicant candidate and the candidate’s spouse together must not contribute or lend a combined total of more than $12,000 to the candidate’s publicly funded campaign account.
(d) Consumer Price Index adjustment. The Chief Administrative Officer must adjust the contribution limit established in Subsection (b), effective July 1, 2018, and July 1 of each subsequent fourth year, by the annual average increase, if any, in the Consumer Price Index for the previous 4 calendar years. The Chief Administrative Officer must calculate the adjustment to the nearest multiple of 10 dollars, and must publish the amount of this adjustment not later than March 1 of each fourth year. (, § 2; , § 1; , § 1.)
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