Before receiving a private contribution, a gubernatorial ticket shall: on or before the deadline to file a certificate of candidacy under § 13–303 of this article, file with the State Board a notice of intent to participate as a publicly financed candidate for both the primary and general elections; and establish a campaign finance entity for complying with the requirements of this title. A campaign finance entity established under subsection (a)(2) of this section may accept only: a private contribution; an eligible private contribution; a public contribution; and subject to paragraph (2) of this subsection, a contribution or loan from a member of a gubernatorial ticket or the spouse of a member of the gubernatorial ticket. A member of a gubernatorial ticket or the spouse of a member of a gubernatorial ticket may not make a contribution of or lend a combined total of more than $50,000 to the campaign of the gubernatorial ticket. To qualify as an eligible gubernatorial ticket, a gubernatorial ticket shall collect within the qualifying period at least: 1,500 eligible private contributions; and an aggregate total of $120,000.