(a) During an election cycle, a person or political committee, other than a small donor committee, may not make aggregate contributions to a candidate committee or recall defense committee in excess of $450.00 to any one candidate in any one ward race or $1,150 to any one candidate in any at-large race or mayoral race.

(b) During an election cycle, a small donor committee may not make aggregate contributions to a candidate committee or recall defense committee in excess of 10 times the limits established in subsection (a) of this section, based upon whether contributing to a ward race, a mayoral race, or an at-large race.

(c) During an election cycle, a candidate committee or recall defense committee may not solicit or accept aggregate contributions from a person, political committee, or small donor committee in excess of the applicable limit in subsection (a) or (b) of this section.

(d) Each limit on contributions in subsections (a) and (b) of this section must be adjusted by the city clerk by an amount calculated by the Colorado Secretary of State as prescribed in the Colorado Constitution, article XXVIII, section 3(13). The first adjustment must be done by the end of the second quarter of 2023 and then every four years thereafter, by the end of the second quarter.

(e) A nonmunicipal political organization may make contributions subject to the limits in subsection (a) of this section to a candidate committee or political committee if the contributions are made from an account or source that does not consist of any funds received from a covered entity or other prohibited source under this article.

(f) The limits in subsection (a) of this section do not apply to contributions made from a candidate's personal funds to the candidate's own candidate committee or recall defense committee, or to contributions made from a public officeholder's candidate committee to a recall defense committee organized by or on behalf of the same public officeholder.

(g) For purposes of the limits in subsections (a) and (b) of this section, all contributions made by political committees or nonmunicipal political organizations that are organized, financed, maintained, or controlled by the same person or group of persons are considered to be made by a single committee or organization.