Hawaii Regulations § 3-160-46 Durable asset; acquisition and disposition
Regulation Text
(a)
"Durable asset", as used in this section, means non-consumable supplies or equipment with a minimum purchase value of $250 and a useful life of twelve months or more.
(b)
Any acquisition or disposition of a durable asset by a candidate, candidate's committee, or noncandidate committee shall be reported on the commission's electronic filing system's durable assets schedule, and the report shall include the following current information:
(1)
Detailed description and cost of the durable asset;
(2)
Date of acquisition or disposition;
(3)
Full name, street address, city, state, and zip code of the vendor or contributor.
(c)
If the durable asset is sold, the sales proceeds shall be reported as an "other receipt" on the commission's electronic filing system's durable asset schedule.
(d)
If the durable asset is donated to a community organization by a candidate or candidate committee as specified in section
11-381
, Hawaii Revised Statutes, the asset's fair market value at the time it was donated shall be reported on the commission's electronic filing system's durable asset schedule.
History
[Eff MAY 29 2010] (Auth: HRS §§ 11-193, 11-216, 11-225) (Imp: *HRS §§ 11-195, 11-207, 11-212, 11-213, 11-224)
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