The exception in the bill bases the 10% threshold on the third party's revenue from the previous year, that being the calendar year that precedes the calendar year of the pre-election period, or the fiscal year that precedes the pre-election period, whichever the third party chooses. Given that, how would contributions transferred to a third party in any year prior to the previous year be treated?
For example, if in the year prior to the previous year, the third party received 90% of its revenue from contributions, would those contributions be treated as part of the third party's own funds, which could then be used for regulated pre-election and election activities?