§ 2-73. Adjustment criteria for disclosure of contributors and limitation on contributions.  


Latest version.
  • The amount of money that may be contributed without disclosing the name of the contributor in section 2-71 and the limitation on contributions in section 2-72 shall be adjusted by the council by amending each of these sections in each even-numbered year after 2016 as follows:

    (1)

    On or before February 1 in each even-numbered year, the town manager shall obtain from the U.S. Bureau of Labor Statistics the change in the Consumer Price Index from January 1 of the prior even-numbered year and shall apply that percentage to increase or decrease the amounts referenced in sections 2-71 and 2-72 that were in place in the previous election.

    (2)

    On or before February 1 in each even-numbered year, the town manager shall obtain from the Orange County and Durham County Boards of Elections a statement of the number of active registered voters in Chapel Hill as of January 1. For each full two thousand (2,000) that number is above or below forty thousand (40,000), the amounts referenced in sections 2-71 and 2-72 shall be increased or decreased by five (5) percent of the amount originally authorized.

    (3)

    The amounts calculated, when combined, in subsections (1) and (2) of this section, may be rounded when the adjustments provided for this section are incorporated in future ordinance amendments.

(Ord. No. 2010-10-27/O-6, § 1; Ord. No. 2017-02-27/O-5 , § 1)