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Roemer White House bid gets matching funds

Feb. 3, 2012 at 3:04 PM   |   Comments

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WASHINGTON, Feb. 3 (UPI) -- The Federal Election Commission said Charles "Buddy" Roemer was the first Republican U.S. presidential candidate declared eligible for matching federal funds.

Roemer, a former Louisiana governor, raised the threshold amount of $100,000 by collecting $5,000 in 20 states in amounts no greater than $250 from any individual, the FEC said Friday in a release.

Based on Roemer's submission, the FEC said it would ask the Treasury Department to make an initial $100,000 payment to Roemer's campaign.

Other requirements for matching federal funds include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping financial records and permitting a thorough campaign audit, the FEC said.

Once declared eligible, campaigns may submit additional contributions for matching funds on the first business day of every month, the FEC said.

The election watchdog said the maximum amount a primary candidate could receive is estimated to be about $22.8 million.

Roemer has consistently received low polling numbers.

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