NationMaster - Encyclopedia: Public funding

Public Funding of Presidential Elections Brochure (3217 words)
	Public funding of Presidential elections means that qualified Presidential candidates receive federal government funds to pay for the valid expenses of their political campaigns in both the primary and general elections.
	7 To be eligible to receive the public funds, the candidate must limit spending to the amount of the grant and may not accept private contributions for the campaign.
	Although minor and new party candidates may supplement public funds with private contributions and may exempt some fundraising costs from their expenditure limit, they are otherwise subject to the same spending limit and other requirements that apply to major party candidates.

Quick Answers: Public Funding (738 words)
	To be eligible for public funds, a Presidential candidate or a party convention committee must first submit a letter of agreement and a written certification in which the candidate or committee agrees to:
	The major party nominees may each be eligible for a public grant of $20 million (plus a cost-of-living adjustment) for campaigning in the general election.
	During the general election campaign, the spending limit is equal to the amount of the public funding grant the major party nominees may receive.

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