be made from funds subject to the limitations, prohibitions,
and reporting requirements of this Act.
(2) Applicability
(A) In general
Notwithstanding clause (i) or (ii) of section 431(20)(A)
of this title, and subject to subparagraph (B), paragraph
(1) shall not apply to any amount expended or disbursed
by a State, district, or local committee of a political party
for an activity described in either such clause to the
extent the amounts expended or disbursed for such
activity are allocated (under regulations prescribed by the
Commission) among amounts–
(i) which consist solely of contributions subject to
the limitations, prohibitions, and reporting
requirements of this Act (other than amounts
described in subparagraph (B)(iii)); and
(ii) other amounts which are not subject to the
limitations,
prohibitions,
and
reporting
requirements of this Act (other than any
requirements of this subsection).
(B) Conditions
Subparagraph (A) shall only apply if–
(i) the activity does not refer to a clearly identified
candidate for Federal office;
(ii) the amounts expended or disbursed are not for
the costs of any broadcasting, cable, or satellite
communication, other than a communication
which refers solely to a clearly identified
candidate for State or local office;
(iii) the amounts expended or disbursed which are
described in subparagraph (A)(ii) are paid from
amounts which are donated in accordance with
State law and which meet the requirements of
subparagraph (C), except that no person
(including any person established, financed,
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