[Federal Register Volume 88, Number 94 (Tuesday, May 16, 2023)]
[Notices]
[Pages 31265-31266]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10352]


=======================================================================
-----------------------------------------------------------------------

FEDERAL ELECTION COMMISSION

[NOTICE 2023-XX]


2024 Presidential Candidate Matching Fund Submission Dates and 
Post Date of Ineligibility Dates To Submit Statements of Net 
Outstanding Campaign Obligations

AGENCY: Federal Election Commission.

ACTION: Notice of matching fund submission dates and submission dates 
for statements of net outstanding campaign obligations for 2024 
presidential candidates.

-----------------------------------------------------------------------

SUMMARY: The Federal Election Commission is publishing matching fund 
submission dates for publicly funded 2024 presidential primary 
candidates. Eligible candidates may present one submission and/or 
resubmission per month on the designated date. The Commission is also 
publishing the dates on which publicly funded 2024 presidential primary 
candidates must submit their statements of net outstanding campaign 
obligations after their dates of ineligibility. Candidates are required 
to submit a statement of net outstanding campaign obligations prior to 
each regularly scheduled date on which they receive Federal matching 
funds, on dates set forth in the SUPPLEMENTARY INFORMATION below.

FOR FURTHER INFORMATION CONTACT: Zuzana Pacious, Audit Division, 1050 
First Street NE, Washington, DC 20463, (202) 694-1200 or (800) 424-
9530.

SUPPLEMENTARY INFORMATION:

Matching Fund Submissions

    Presidential candidates eligible to receive Federal matching funds 
may present submissions and/or resubmissions to the Federal Election 
Commission once a month on designated submission dates. The Commission 
will review the submissions/resubmissions and forward certifications 
for eligible candidates to the Secretary of the Treasury. Because no 
payments can be made during 2023, submissions received during 2023 will 
be certified in late December 2023, for payment in 2024. 11 CFR 
9036.2(c); see also 26 U.S.C. 9032(6), 9037(b) (allowing payments only 
during matching payment period that begins in calendar year of 
election). Treasury Department regulations require that funds for the 
general election grants be set aside before any matching fund payments 
are made. Information provided by the Treasury Department shows the 
balance in the fund as of March 31, 2023, was $434,911,060 and the 
Commission estimates that funds will be available for matching payments 
in January 2024. During 2024 and 2025, certifications will be made on a 
monthly basis. The last date a candidate may make a submission is March 
3, 2025.
    The submission dates specified in the following list pertain to 
non-threshold matching fund submissions and resubmissions after the 
candidate establishes eligibility. The threshold submission on which 
that eligibility will be determined may be filed at any time and will 
be processed within fifteen business days, unless review of the 
threshold submission determines that eligibility has not been met.

Net Outstanding Campaign Obligations Submissions

    Under 11 CFR 9034.5, a candidate who received Federal matching 
funds must submit a net outstanding campaign obligations (``NOCO'') 
statement to the Commission within 15 calendar days after the 
candidate's date of ineligibility (``DOI''), as determined under 11 CFR 
9033.5. See also 26 U.S.C. 9033(c) (describing periods of eligibility 
for payments). The candidate's net outstanding campaign obligations 
equal the total of all outstanding obligations for qualified campaign 
expenses plus estimated necessary winding down costs less cash on hand, 
the fair market value of capital assets, and amounts owed to the 
committee, or a commercially reasonable amount based on the 
collectability of those amounts. 11 CFR 9034.5(a). Candidates will be 
notified of their DOI by the Commission.
    A candidate who has net outstanding campaign obligations post-DOI 
may continue to submit matching payment requests provided the candidate 
certifies that the remaining net outstanding campaign obligations equal 
or exceed the amount submitted for matching. 11 CFR 9034.5(f)(1). If 
the candidate so certifies, the Commission will process the request and 
certify the appropriate amount of matching funds.
    Candidates must also file revised NOCO statements in connection 
with each matching fund request submitted after the candidate's DOI. 11 
CFR 9034.5(f)(2). These statements are due

[[Page 31266]]

just before the next regularly scheduled payment date, on a date to be 
determined by the Commission. They must reflect the financial status of 
the campaign as of the close of business three business days before the 
due date of the statement and must also contain a brief explanation of 
each change in the committee's assets and obligations from the most 
recent NOCO statement. Id.
    The Commission will review the revised NOCO statement and adjust 
the committee's certification to reflect any change in the committee's 
financial position that occurs after submission of the matching payment 
request and the date of the revised NOCO statement. The following 
schedule includes both matching fund submission dates and submission 
dates for revised NOCO statements.

 Schedule of Matching Fund Submission Dates and Dates To Submit Revised
   Statements of Net Outstanding Campaign Obligations (NOCO) for 2024
                         Presidential Candidates
------------------------------------------------------------------------
                                              Revised NOCO  submission
      Matching fund  submission dates                   dates
------------------------------------------------------------------------
January 2, 2024...........................  December 21, 2023.
February 1, 2024..........................  January 24, 2024.
March 1, 2024.............................  February 22, 2024.
April 1, 2024.............................  March 22, 2024.
May 1, 2024...............................  April 23, 2024.
June 3, 2024..............................  May 23, 2024.
July 1, 2024..............................  June 21, 2024.
Aug. 1, 2024..............................  July 24, 2024.
September 3, 2024.........................  August 23, 2024.
October 1, 2024...........................  September 23, 2024.
November 1, 2024..........................  October 24, 2024.
December 2, 2024..........................  November 21, 2024.
January 2, 2025...........................  December 23, 2024.
February 3, 2025..........................  January 24, 2025.
March 3, 2025.............................  February 21, 2025.
------------------------------------------------------------------------


    On behalf of the Commission.
Dara S. Lindenbaum,
Chair, Federal Election Commission.
[FR Doc. 2023-10352 Filed 5-15-23; 8:45 am]
BILLING CODE 6715-01-P