4.14 Colorado State Constitution Article XXVIII, Section 6(2), concerning funding by corporations and labor organizations for electioneering communications, shall not apply to any corporation that:

a. Was formed for the purpose of promoting political ideas and cannot engage in business activities;

b. Has no shareholders with a claim on its assets or other income; and

c. Was not established by, and does not accept contributions from business corporations or labor organizations.

4.15 A candidate who does not accept contributions but who expends money for campaign purposes shall file disclosure reports in accordance with Section 1-45-109.