95-29305. Schedule of Submission Dates for Statements of Net Outstanding Campaign Obligations Required from 1996 Presidential Candidates Post Date of Ineligibility

[Federal Register Volume 60, Number 231 (Friday, December 1, 1995)]
[Notices]
[Pages 61700-61701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29305]



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

FEDERAL ELECTION COMMISSION

[Notice 1995-22]


Schedule of Submission Dates for Statements of Net Outstanding 
Campaign Obligations Required from 1996 Presidential Candidates Post 
Date of Ineligibility

AGENCY: Federal Election Commission.

ACTION: Notice of submission dates for statements of net outstanding 
campaign obligations required from 1996 Presidential candidates post 
Date of Ineligibility.

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

SUMMARY: The Federal Election Commission is publishing submission dates 
for statements of net outstanding campaign obligations (``NOCO 
statements'') which are required to be submitted by 1996 publicly 
funded Presidential primary candidates following their date of 
ineligibility (``DOI''). Candidates are required to submit a NOCO 
statement prior to each regularly scheduled date on which they receive 
federal matching funds, on dates to be determined by the Commission.

FOR FURTHER INFORMATION CONTACT:
Mr. Raymond Lisi, Audit Division, 999 E Street, N.W., Washington, D.C. 
20463, [phone] or [phone].

SUPPLEMENTARY INFORMATION: Under 11 CFR 9034.5, a candidate who 
receives federal matching funds must submit a NOCO statement to the 
Commission within 15 calendar days after the candidate's date of 
ineligibility, as determined under 11 CFR 9033.5. The candidate's net 
outstanding campaign obligations is equal to the difference between the 
total of all outstanding obligations for qualified campaign expenses 
plus necessary winding down costs less cash on hand, the fair market 
value of capital assets, and accounts receivable. 11 CFR 9034.5(a). 
Candidates will be notified of their DOI by the Commission.
    Candidates who have net outstanding campaign obligations post-DOI 
may continue to submit matching payment requests as long as the 
candidate certifies that the remaining net outstanding campaign 
obligation 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. 
These statements are due 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. 11 CFR 
9034.5(f)(2).
    Please note that this is a change from past procedure. Previously, 
candidates were required to submit a revised NOCO statement at the same 
time as they submitted a matching payment request. This new approach 
will allow the Commission to adjust a committee's certification to 
reflect any change in the committee's financial position that occurs 
after submission of the matching 

[[Page 61701]]
payment request and the date of the revised NOCO statement.
    The following schedule includes both matching fund submission dates 
and the corresponding dates on which revised NOCO statements are due.

------------------------------------------------------------------------
            Submission dates                  NOCO submission dates     
------------------------------------------------------------------------
December 1, 1995.......................  December 18, 1995.             
January 2, 1996........................  January 22, 1996.              
February 1, 1996.......................  February 20, 1996.             
March 1, 1996..........................  March 20, 1996.                
April 1, 1996..........................  April 19, 1996.                
May 1, 1996............................  May 22, 1996.                  
June 3, 1996...........................  June 19, 1996.                 
July 1, 1996...........................  July 22, 1996.                 
August 1, 1996.........................  August 21, 1996.               
September 3, 1996......................  September 19, 1996.            
October 1, 1996........................  October 22, 1996.              
November 1, 1996.......................  November 19, 1996.             
December 2, 1996.......................  December 19, 1996.             
January 2, 1997........................  January 22, 1997.              
February 3, 1997.......................  February 19, 1997.             
March 3, 1997..........................  March 20, 1997.                
------------------------------------------------------------------------

    Dated: November 28, 1995.
Danny L. McDonald,
Chairman, Federal Election Commission.
[FR Doc. 95-29305 Filed 11-30-95; 8:45 am]
BILLING CODE 6715-01-M