Candidates in New Jersey's 2013 gubernatorial race could get up to $11.7 million in public matching funds if they agree to spend less than $17.8 million on their campaign.

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The new guidelines for public financing were presented Tuesday to the state's Election Law Enforcement Commission. The panel has until December to adopt the changes.

Gubernatorial candidates would have to raise $380,000 and participate in two debates to qualify for public funds.

Contribution limits for gubernatorial candidates would increase to $3,800.

The commission must approve changes in contribution limits, reporting thresholds and public financing for gubernatorial candidates -- and reporting thresholds for those seeking other offices - every four years. They are adjusted for inflation.

Contribution limits for non-gubernatorial candidates would increase under the guidelines. The Legislature must approve those changes.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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