(1) A candidate who serves as the candidates own treasurer and who expects neither the aggregate contributions to be received nor the aggregate expenditures to be made by or on behalf of the candidate to exceed $1,500 in total amount during a calendar year is not required to: (a) File a statement of organization under ORS 260.039; (b) Establish a single exclusive campaign account under ORS 260.054; or (c) File statements under ORS 260.057. (2) A candidate described in subsection (1) of this section must keep contribution and expenditure records for the previous 24 months. (3)(a) If at any time during the calendar year either the aggregate contributions or aggregate expenditures exceed $1,500, the candidate must file a statement of organization under ORS 260.039, establish a single exclusive campaign account as required under ORS 260.054 and file statements as required in paragraph (b) of this subsection. (b)(A) Except as provided in subparagraph (B) of this paragraph, if at any time during the calendar year either the aggregate contributions or aggregate expenditures exceed $1,500, the candidate must file a statement under ORS 260.057 showing all contributions received and expenditures made. After aggregate contributions or aggregate expenditures exceed $1,500 during a calendar year, the statement shall be filed under the time frames established in ORS 260.057 (3). (B) If the candidate expects neither the aggregate contributions to be received nor the aggregate expenditures to be made by or on behalf of the candidate to exceed $5,000 during the calendar year, the candidate may file a statement to that effect under ORS 260.112, rather than file statements under ORS 260.057. Notwithstanding ORS 260.112 (2), the statement shall be filed not later than seven calendar days after aggregate contributions or aggregate expenditures exceed $1,500 during a calendar year. (4)(a) For purposes of this section, a fee paid under ORS 251.095, a fee paid for a candidate to be included in a county voters pamphlet or de minimis costs associated with printing and circulating a petition in lieu of a candidate paying a fee for inclusion in a voters pamphlet are exempt and may not be considered when calculating: (A) The expected aggregate amount of contributions received or expenditures made; or (B) The actual aggregate amount of contributions received or expenditures made. (b) The Secretary of State by rule shall define de minimis costs for purposes of this subsection. (5) This section does not apply to candidates for federal office.
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