[Code of Federal Regulations]
[Title 11, Volume 1]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 11CFR9035.1]

[Page 276]
 
                       TITLE 11--FEDERAL ELECTIONS
 
                 CHAPTER I--FEDERAL ELECTION COMMISSION
 
PART 9035--EXPENDITURE LIMITATIONS--Table of Contents
 
Sec. 9035.1  Campaign expenditure limitation; compliance and fundraising exemptions.

    (a) Spending limit. (1) No candidate or his or her authorized 
committee(s) shall knowingly incur expenditures in connection with the 
candidate's campaign for nomination, which expenditures, in the 
aggregate, exceed $10,000,000 (as adjusted under 2 U.S.C. 441a(c)), 
except that the aggregate expenditures by a candidate in any one State 
shall not exceed the greater of: 16 cents (as adjusted under 2 U.S.C. 
441a(c)) multiplied by the voting age population of the State (as 
certified under 2 U.S.C. 441a(e)); or $200,000 (as adjusted under 2 
U.S.C. 441a(c)).
    (2) The Commission will calculate the amount of expenditures 
attributable to the overall expenditure limit or to a particular state 
using the full amounts originally charged for goods and services 
rendered to the committee and not the amounts for which such obligations 
were settled and paid, unless the committee can demonstrate that the 
lower amount paid reflects a reasonable settlement of a bona fide 
dispute with the creditor.
    (b) Allocation of expenditures. Each candidate receiving or 
expecting to receive matching funds under this subchapter shall also 
allocate his or her expenditures in accordance with the provisions of 11 
CFR 106.2.
    (c) Compliance and fundraising exemptions. (1) A candidate may 
exclude from the overall expenditure limitation set forth in paragraph 
(a) of this section an amount equal to 15% of the overall expenditure 
limitation as exempt legal and accounting compliance costs under 11 CFR 
100.8(b)(15).
    (2) A candidate may exclude from the overall expenditure limitation 
of 11 CFR 9035.1 the amount of exempt fundraising costs specified in 11 
CFR 100.8(b)(21)(iii).
    (d) Candidates not receiving matching funds. The expenditure 
limitations of 11 CFR 9035.1 shall not apply to a candidate who does not 
receive matching funds at any time during the matching payment period.

[64 FR 49364, Sept. 13, 1999]