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43 approves the action if the candidate had knowledge of 44 it and failed to file a statement of disavowal with 45 the commissioner or board and take corrective action 46 within seventy-two hours of the action. A person, 47 candidate's committee or political committee taking 48 such action independently of that candidate's 49 committee shall notify that candidate's committee in 50 writing within twenty-four hours of taking the action. Page 5 1 The notification shall provide that candidate's 2 committee with the cost of the promotion at fair 3 market value. A copy of the notification shall be 4 sent to the board. 5 Any person who makes expenditures or incurs 6 indebtedness, other than incidental expenses incurred 7 in performing volunteer work,insupportoropposition8 to expressly advocate the nomination, election, or 9 defeat of a candidate for public office shall notify 10 the appropriate committee and provide necessary 11 information for disclosure reports. 12 2. If a person, other than a political committee, 13 makes one or more expenditures in excess of five 14 hundred dollars in the aggregate, or incurs 15 indebtedness in excess of five hundred dollars in the 16 aggregate, in any one calendar yearforpurposesof17supportingoropposingto expressly advocate the 18 passage or defeat of a ballot issue, the person shall 19 file a statement of activity within ten days of taking 20 the action exceeding the threshold. The statement 21 shall contain information identifying the person 22 filing the statement, identifying the ballot issue, 23 and indicating the position urged by the person with 24 regard to the ballot issue. The person shall file 25 reports indicating the dates on which the expenditures 26 or incurrence of indebtedness took place; a 27 description of the nature of the action taken which 28 resulted in the expenditures or debt; and the cost of 29 the promotion at fair market value. For a local 30 ballot issue, the reports shall be filed five days 31 prior to any election in which the ballot issue 32 appears and on the first day of the month following 33 the election, as well as on the nineteenth day of 34 January, May, and July of each year in which the 35 ballot issue appears on the ballot and on the 36 nineteenth day of January and October of each year in 37 which the ballot issue does not appear on the ballot. 38 For a statewide ballot issue, reports shall be filed 39 on the nineteenth day of January, May, and July of 40 each year. The reports shall be current to five days 41 prior to the filing deadline, and are considered
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