2.13.070 Transfers of funds or contributions by committees to controlled committees of candidates for city elective office.

             A.               Except as provided in subsection B of this section, any transfer of funds or contributions by a committee to a controlled committee of a candidate for city elective office including an elected councilmember or mayor, shall comply with the contribution limits set forth in Section 2.13.050; and any contribution or transfer of funds by a committee to another committee which makes contributions to a candidate for city elective office, including an elected councilmember or mayor, or which makes expenditures for or against a candidate for city elective office, including an elected councilmember or mayor, shall comply with the contribution limits set forth in Section 2.13.050.

             B.               Intra-Candidate Transfer of Funds. Except as otherwise prohibited by state law, a candidate for city elective office, including an incumbent running for the same or different city elective office, may transfer funds from any other committee controlled by the candidate to the candidate’s committee for election to city elective office, provided all of the following requirements are met:

             1.               The candidate for city elective office establishes a new campaign account into which funds will be transferred. The candidate may not re-designate an existing campaign account.

             2.               The contributions transferred to the candidate’s committee for election to a city elective office are attributed to specific contributors to the campaign contribution account from which they were transferred. Contributions shall be allocated and attributed to individual contributors on a “first in, first out” or “last in, first out” basis. For purposes of this section, the terms “first in, first out” and “last in, first out” shall have the following meanings:

             a.               “First in, first out” means the campaign funds being transferred are attributed to the transferring committee’s contributors in chronological order beginning with the earliest of its contributors or, if there has been a prior transfer, beginning with the earliest contributor for which unattributed contributions remain.

             b.               “Last in, first out” means that campaign funds being transferred are attributed to the transferring committee’s contributors in reverse chronological order beginning with the most recent of its contributors or, if there has been a prior transfer, beginning with the most recent contributor for which unattributed contributions remain.

             3.               The contributions transferred to the candidate’s committee for election to a city elective office, when aggregated with all other contributions from, and transfers attributable to, the same contributor do not exceed the amount that the contributor could have contributed to the candidate, or the controlled committee of the candidate, pursuant to Section 2.13.050. (Ord. 2007-098 § 3; Ord. 2007-012 § 1; Ord. 2000-048 § 1)