Section 84503 Of Article 5. Disclosure In Advertisements From California Government Code >> Title 9. >> Chapter 4. >> Article 5.
84503
. (a) Any advertisement for or against any ballot measure
shall include a disclosure statement identifying any person whose
cumulative contributions are fifty thousand dollars ($50,000) or
more.
(b) If there are more than two donors of fifty thousand dollars
($50,000) or more, the committee is only required to disclose the
highest and second highest in that order. In the event that more than
two donors meet this disclosure threshold at identical contribution
levels, the highest and second highest shall be selected according to
chronological sequence.