expenditure from personal funds
(6) (A) The principal campaign committee of a candidate shall notify the Secretary or the Commission, and the Secretary of State, as appropriate, in writing, of any contribution of $1,000 or more received by any authorized committee of such candidate after the 20th day, but more than 48 hours before, any election. This notification shall be made within 48 hours after the receipt of such contribution and shall include the name of the candidate and the office sought by the candidate, the identification of the contributor, and the date of receipt and amount of the contribution. (B) Notification of expenditure from personal funds.— (i) Definition of expenditure from personal funds .— In this subparagraph, the term “expenditure from personal funds” means— (I) an expenditure made by a candidate using personal funds; and (II) a contribution or loan made by a candidate using personal funds or a loan secured using such funds to the candidate’s authorized committee. (ii) Declaration of intent .— Not later than the date that is 15 days after the date on which an individual becomes a candidate for the office of Senator, the candidate shall file a declaration stating the total amount of expenditures from personal funds that the candidate intends to make, or to obligate to make, with respect to the election that will exceed the State-by-State competitive and fair campaign formula with— (I) the Commission; and (II) each candidate in the same election. (iii) Initial notification .— Not later than 24 hours after a candidate described in clause (ii) makes or obligates to make an aggregate amount of expenditures from personal funds in excess of 2 times the threshold amount in connection with any election, the candidate shall file a notification with— (I) the Commission; and (II) each candidate in the same election. (iv) Additional notification .— After a candidate files an initial notification under clause (iii), the candidate shall file an additional notification each time expenditures from personal funds are made or obligated to be made in an aggregate amount that exceed $10,000 with— (I) the Commission; and (II) each candidate in the same election. Such notification shall be filed not later than 24 hours after the expenditure is made. (v) Contents .— A notification under clause (iii) or (iv) shall include— (I) the name of the candidate and the office sought by the candidate; (II) the date and amount of each expenditure; and (III) the total amount of expenditures from personal funds that the candidate has made, or obligated to make, with respect to an election as of the date of the expenditure that is the subject of the notification. (C) Notification of disposal of excess contributions .— In the next regularly scheduled report after the date of the election for which a candidate seeks nomination for election to, or election to, Federal office, the candidate or the candidate’s authorized committee shall submit to the Commission a report indicating the source and amount of any excess contributions (as determined under paragraph (1) of section 30116(i) of this title ) and the manner in which the candidate or the candidate’s authorized committee used such funds. (D) Enforcement .— For provisions providing for the enforcement of the reporting requirements under this paragraph, see section 30109 of this title . (E) The notification required under this paragraph shall be in addition to all other reporting requirements under this Act.