26 U.S. Code § 9034 - Entitlement of eligible candidates to payments

(a) In general
Every candidate who is eligible to receive payments under section 9033 is entitled to payments under section 9037 in an amount equal to the amount of each contribution received by such candidate on or after the beginning of the calendar year immediately preceding the calendar year of the presidential election with respect to which such candidate is seeking nomination, or by his authorized committees, disregarding any amount of contributions from any person to the extent that the total of the amounts contributed by such person on or after the beginning of such preceding calendar year exceeds $250. For purposes of this subsection and section 9033 (b), the term “contribution” means a gift of money made by a written instrument which identifies the person making the contribution by full name and mailing address, but does not include a subscription, loan, advance, or deposit of money, or anything of value or anything described in subparagraph (B), (C), or (D) of section 9032 (4).
(b) Limitations
The total amount of payments to which a candidate is entitled under subsection (a) shall not exceed 50 percent of the expenditure limitation applicable under section 315(b)(1)(A) of the Federal Election Campaign Act of 1971.

Source

(Added Pub. L. 93–443, title IV, § 408(c),Oct. 15, 1974, 88 Stat. 1299; amended Pub. L. 94–283, title III, § 307(b),May 11, 1976, 90 Stat. 501; Pub. L. 110–172, § 11(a)(42)(D),Dec. 29, 2007, 121 Stat. 2488.)
References in Text

Section 315(b)(1)(A) of the Federal Election Campaign Act of 1971, referred to in subsec. (b), is classified to section 441a (b)(1)(A) of Title 2, The Congress.
Amendments

2007—Subsec. (b). Pub. L. 110–172substituted “section 315(b)(1)(A)” for “section 320(b)(1)(A)”.
1976—Subsec. (b). Pub. L. 94–283substituted “section 320(b)(1)(A) of the Federal Election Campaign Act of 1971” for “section 608 (c)(1)(A) of title 18, United States Code”.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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26 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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