; and (2) consist of delegates elected by Puerto Rican votes, in an election conducted according to the enabling legislation for this status convention as approved by the Legislature of the Commonwealth of Puerto Rico. (b) Public financing of delegate elections (1) Fund established There is hereby established a separate fund in the United States Treasury to be known as the Puerto Rico Status Convention Public Matching Fund which shall be administered by the Puerto Rico State Commission on Elections and subject to oversight by the Federal Election Commission. Amounts in the fund shall be used to distribute $4 to each candidate for delegate for every $1 that the candidate receives as a campaign contribution that is— (A) less than $100; and (B) donated by a resident of Puerto Rico. (2) Requirements for a matching fund To be eligible to receive funds under this subsection, a candidate for delegate shall— (A) agree to increased financial oversight from the Federal Election Commission; (B) limit campaign spending to not more than $25,000; and (C) demonstrate a basic level of support from residents of Puerto Rico by receiving from residents of Puerto Rico not less than 50 individual donations of $50 or less. (3) Authorization of appropriations There is authorized to be appropriated to carry out this section $5,500,000. Administrative costs for the Federal Election Commission shall not exceed 10 percent of this appropriation. (c) Delegates Delegates elected pursuant to subsection (a)(2), in consultation with the Congressional Bilateral Negotiating Commission, shall— (1) debate and draft definitions on self-determination options for Puerto Rico, which shall be outside the Territorial Clause of the United States Constitution; (2) draft accompanying transition plans for each self-determination option