§ 2-2-12. CANDIDATES' EXPENDITURE LIMITATIONS.

(A)

A candidate who signs a campaign contract under this chapter shall not, during the campaign period, make expenditures exceeding the following limits:

(1)

candidates for mayor: expenditures of $120,000 and an additional $80,000 in a runoff election; and

(2)

candidates for city council: expenditures of $75,000 and an additional $50,000 in a runoff election.

(B)

A candidate in a race for mayor or city council shall not make expenditures from his or her own funds that exceed five percent of the applicable voluntary expenditure limits in this section for an election or runoff election. An expenditure by a candidate is an expenditure by his or her campaign. A candidate shall report expenditures from personal funds consistent with state law and this chapter.

(C)

If a candidate has signed a campaign contract under this chapter, expenditures on behalf of the candidate other than direct campaign expenditures, as defined in Article 4 ( Direct Campaign Expenditures ), shall apply to the candidate's voluntary expenditure limits.

(D)

A candidate makes an expenditure subject to this article on the date that:

(1)

a payment is actually made; or

(2)

an agreement requiring payment is entered into; or

(3)

an obligation to make a payment is incurred.

Source: Ord. 20080925-079; Ord. No. 20160407-006, Pt. 3, 4-18-16 .