The opinion of the court was delivered by CONFORD, P.J.A.D.
Appellant challenges the validity of a regulation adopted by the New Jersey Election Law Enforcement Commission ("ELEC") pursuant to its powers under the Campaign Contributions and Expenditures Reporting Act ("reporting act"). N.J.S.A. 19:44A-1 et seq.; 19:44A-37. The regulation, N.J.A.C. 19:25-15.12(b) ("Section 15.12(b)") provides:
Subject to the expenditure limitations of section...
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