(a) Every person, independent of an organized committee, who makes or receives contributions or makes expenditures in an aggregate amount of over $500 during a calendar year, which contributions and expenditures are for the express purpose of advocating the election or defeat of a candidate, shall file reports with the Supervisor during the reporting periods as required of political committees. Such reports shall contain information as required of political committees by section 905 of this chapter, and a statement, under penalty of perjury, as to whether the person's dependent expenditure is made in cooperation, consultation, or concert with, or at the request or suggestion of, any candidate with, or any authorized agent or committee of such candidate.
(b) Any independent expenditure by any person not a political committee or candidate of over $500 or more made after the thirtieth day preceding an election and before the election shall be reported to the Supervisor within 48 hours of the date of the expenditure.