P.R. Laws tit. 16, § 629e
The Secretary of the Treasury shall transfer the following amounts to the Fund:
(1) Up to a maximum of five million dollars ($5,000,000) in contributions for the campaign of each political party and its candidate for the office of Governor, and independent candidates for the office of Governor, respectively, and
(2) a gradual and correlative appropriation of up to five million dollars ($5,000,000) for each political party and its candidate for the office of Governor, and independent candidates for the office of Governor, for the same purpose, to be equally matched as the contributions collected by the political parties and candidates benefiting from the Special Fund. The fund-matching may be made up to five (5) o’clock in the afternoon of the same day of the general election, after this time and date no further collection may be made for this Fund.
Any contribution received by a person as an aspirant may be used for fund matching upon receipt of negative debt certification submitted to the Election Comptroller if the person has been certified as a candidate for Governor.
A political party and its candidate for Governor, or independent candidates for Governor, may opt to avail themselves of an alternative voluntary fund of one million two hundred fifty thousand dollars ($1,250,000) if they do not wish to participate in the fund-matching system of up to five million dollars ($5,000,000). To this Fund, they shall contribute up to a maximum of two hundred fifty thousand dollars ($250,000), which shall be matched on the basis of a 4:1 ratio for every dollar deposited up to the maximum government contribution of one million dollars ($1,000,000). Provided, That the funds deposited by the political parties in the Department of the Treasury shall be private money raised by the political party making the deposit; thus, any public fund balance available to political parties at the time the deposit is made in the Department of the Treasury shall not be taken into account for purposes of the Election Fund or the matching fund system established in this chapter. The political party and its candidate for Governor, and independent candidates for Governor, that chooses this option may receive additional contributions up to eight million seven hundred fifty thousand dollars ($8,750,000) from private sources, not entitled to the fund-matching, to conduct the campaign of the political party in question and its candidate for Governor. Any party and candidate for Governor that makes this option shall not participate from the gradual and correlative fund appropriation. Should such amount be exceeded, an administrative fine equal to three (3) times the excess amount shall be paid.
History —Nov. 18, 2011, No. 222, § 10.005; renumbered as § 9.005 and amended on Dec. 19, 2014, No. 233, § 69.