This afternoon, the Auditor certified Jesse Cornett as eligible to participate in the Campaign Finance Fund for the May 18, 2010 Primary Election. Cornett achieved 1,127 verified $5.00 Qualifying Contributions from Portland registered voters during the Qualifying Period.  In addition, the Auditor has determined that Cornett complied with all applicable provisions of City Code Chapter 2.10, including filing a Filing of Candidacy. Cornett previously filed a Filing of Candidacy for Commissioner, Position No. 3.

A Campaign Finance Fund Certified Candidate may only make expenditures from $5.00 Qualifying Contributions, Seed Money Contributions and Campaign Finance Fund revenues (public funds) during the Primary Election Period.  As a Campaign Finance Fund Certified Candidate for Commissioner, Cornett is limited to spending or receiving no more than $150,000 during the Primary Election Period, unless there are instances in which limited matching funds apply.  In addition, Cornett is limited to receiving $9,000 in In-Kind Contributions during the Primary Election Period.

Cornett is eligible for $142,150 in public funds for the Primary Election Period.  This calculation is made by subtracting the $5,635 Cornett collected in $5.00 Qualifying Contributions, and the $2,215 Cornett collected in Seed Money Contributions, from the $150,000 spending limit.  The Auditor will issue $142,150 in public funds to Cornett not later than February 23, 2010.

As a Campaign Finance Fund Certified Candidate, Cornett is subject to limitations on the use of Campaign Finance Fund revenues in City Code Section 2.10.090 as well as all State campaign finance provisions.

Candidate filings, and other information for the May 18, 2010 Primary Election are available on the main City elections page: http://www.portlandonline.com/auditor/elections.

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