https://i0.wp.com/files.myopera.com/Cole2/blog/MagnifyGlass.jpg

Those waiting for a peek at Governor Sarah Palin’s personal finances are going to have to wait just a bit longer, under an agreement between the Federal Election Commission and the McCain campaign.

Federal election law requires the vice presidential candidate to file a personal financial disclosure statement within 30 days of their nomination. But, there seemed to be some confusion between the F.E.C. and the McCain campaign over the exact date of her nomination.

The McCain campaign has said that it believes the 30-day deadline ends on Oct. 3, 30 days after her Sept. 4th nomination at the Republican National Convention. The F.E.C. had said that the 30-day period began on August 29th, when Senator John McCain named her as his running mate and changed the name of his campaign fund to the McCain-Palin Compliance Fund. By the F.E.C.’s calculations, the filing was due on Monday, Sept. 29.

So, letters between the campaign and the F.E.C. ensued. Trevor Potter, the McCain campaign’s general counsel, also said that Mrs. Palin needed extra time to prepare since she had never done this before.

“Because Governor Palin has not previously run for federal office, it is clear to us that additional time is required to compile and prepare Govenor Palin’s financial information. As you are well aware, the Executive Branch financial disclosure form is vastly more complex than most state disclosure forms, and requires the assemblage of a quantity and a level of detail far beyond that reported previously by the Governor in Alaska and therefore readily available,’’ said Mr. Potter in his letter.

The F.E.C, in a letter to Mr. Potter, granted an extension until 30-days prior to the general election, or Oct. 5. Since that is a Sunday, the F.E.C. said the campaign would have until Oct. 6 to comply – but that no extension would be granted beyond that date.

Source: NYT

Advertisements