1.  Definitions.  As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.  

2.  Inauguration committee; funding.  A person may solicit and accept donations for the purpose of financing costs related to the inauguration of a Governor-elect. A person who accepts donations for this purpose shall establish a committee and appoint a treasurer who is responsible for keeping records of donations and for filing a financial disclosure statement required by this section. All donations received must be deposited in a separate and segregated account and may not be commingled with any contributions received by any candidate or political committee, any personal or business funds of any person or donations received by a committee established under subsection 2‑A. All donations received by the committee established under this subsection must be used for expenses related to the inauguration; any surplus funds must be disposed of pursuant to subsection 7. A person may make donations to the committee established under this subsection aggregating no more than the amount that an individual may contribute to a gubernatorial candidate under Title 21‑A, section 1015, subsection 1.  

2-A.  Transition committee; funding.  A person may solicit and accept donations for the purpose of financing costs related to the transition to office of a Governor-elect. A person who accepts donations for this purpose shall establish a committee and appoint a treasurer who is responsible for keeping records of donations and for filing a financial disclosure statement required by this section. All donations received must be deposited in a separate and segregated account and may not be commingled with any contributions received by any candidate or political committee, any personal or business funds of any person or donations received by a committee established under subsection 2. All donations received by the committee established under this subsection must be used for expenses related to the transition to office; any surplus funds must be disposed of pursuant to subsection 7. A person may make donations to the committee established under this subsection aggregating no more than the amount that an individual may contribute to a gubernatorial candidate under Title 21‑A, section 1015, subsection 1, except that the appropriation from the Governor-elect's Expense Account under Title 2, section 3 may be transferred, in whole or in part, to the committee established under this subsection.  

3.  Registration with the commission and financial disclosure statements.  A committee established pursuant to this section shall register and file financial disclosure statements with the commission as required by this subsection.  

4.  Limitation on fund-raising activity.  A committee established pursuant to this section may accept donations until March 31st of the year following the gubernatorial election. The commission may authorize the acceptance of donations after March 31st of the year following the gubernatorial election if a committee requests such authorization in order to pay a debt or loan related to the transition to office for a committee established under subsection 2‑A or inauguration for a committee established under subsection 2.  

5.  Prohibited donations during a legislative session.  A committee established pursuant to this section may not directly or indirectly solicit or accept a donation from a lobbyist, lobbyist associate or employer during any period of time in which the Legislature is convened before final adjournment. A lobbyist, lobbyist associate or employer may not directly or indirectly give, offer or promise a donation to a committee established pursuant to this section during any period of time in which the Legislature is convened before final adjournment. For purposes of this subsection, "lobbyist" has the same meaning as in Title 3, section 312‑A, subsection 10; "lobbyist associate" has the same meaning as in Title 3, section 312‑A, subsection 10‑A; and "employer" has the same meaning as in Title 3, section 312‑A, subsection 5.  

6.  Anonymous donations.  A committee established pursuant to this section may not accept an anonymous donation in excess of $50.  

7.  Disposing of surplus funds.  Any surplus funds remaining in the committee's account must be refunded to one or more donors, donated to a charitable organization that qualifies as a tax-exempt organization under 26 United States Code, Section 501(c)(3) or remitted to the State Treasurer.  

8.  Rulemaking.  The commission may establish by routine technical rule, adopted in accordance with Title 5, chapter 375, subchapter 2‑A, forms and procedures for ensuring compliance with this section.  

9.  Enforcement and penalty.  The commission shall administer and enforce this subchapter. A person who violates this subchapter is subject to a civil penalty not to exceed $10,000, payable to the State and recoverable in a civil action. In assessing a civil penalty under this subsection, the commission shall consider, among other things, whether the person made a bona fide effort to comply with the requirements of this section, whether the violation occurred as the result of an error by a vendor, consultant or other party outside the control of the person and whether evidence is present that the person intended to conceal or misrepresent its financial activities.