Du Pont Candidacy to Get Matching Funds
Former Delaware Gov. Pierre S. (Pete) du Pont IV has won Federal Election Commission certification to receive federal matching funds in his race for the Republican presidential nomination.
The commission announcement Monday made Du Pont the seventh 1988 presidential contender to be certified for the federal funds. The money comes from the voluntary $1 checkoff on individual income tax returns.
To qualify, a candidate must raise $5,000 in each of 20 states in contributions of $250 or less. The FEC can certify candidates now, but the funds are not released until Jan. 1.
Along with Du Pont, those who have been certified for matching funds are Rep. Richard A. Gephardt (D-Mo.), former Democratic Gov. Bruce Babbitt of Arizona, Sen. Albert Gore Jr. (D-Tenn.), Vice President George Bush, Sen. Bob Dole (R-Kan.) and Rep. Jack Kemp (R-N.Y.).
Two others, Sen. Joseph R. Biden Jr. (D-Del.) and Democratic Gov. Michael S. Dukakis of Massachusetts, have applications pending with the FEC.
Primary candidates get matching funds based on the contributions of less than $250 that they raise.
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