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A candidate may not make a contribution over the $5,500 limit to another candidate in jursidictions subject to the default state contribution limit, with limited exceptions related to recall elections, legal defense funds, and candidate controlled ballot measure committees.
Generally, the first statement a major donor files is the 24-Hour/10-Day Contribution Report, Form 497. This report is due for certain contributions of $1,000 or more made within 90 days before a state or local election or on the date of the election.
24-Hour/10-Day Contribu- tion Reports (Form 497) The Political Reform Act (Act) requires primarily formed ballot measure committees to file the Form 497 within 24 hours of receiving contributions totaling $1,000 or more from a single source during the 90 days before an election, including the date of the election.
Generally, the first statement a major donor files is the 24-Hour/10-Day Contribution Report, Form 497. This report is due for certain contributions of $1,000 or more made within 90 days before a state or local election or on the date of the election.
A state recipient committee that files electronically and makes contributions totaling $5,000 or more to a state ballot measure committee must file Form 497 within 10 business days. If all required information is reported on a 90-day election cycle report, this 10-business day report is not required.
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State committees must file a Form 497 in the following situations: Contributions that total in the aggregate $1,000 or more within the 90-day election cycle that are either: made to a candidate, officeholder or ballot measure committee; or received by a candidate, officeholder or ballot measure.

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