Indiana Statutes § 3-9-3-4 Permitted uses of money contributions
Statute Text
(a)
Money received by a candidate or committee as a contribution may be used only:
(1)
to defray any expense reasonably related to the person's or committee's:
(A)
campaign for federal, state, legislative, or local office;
(B)
continuing political activity; or
(C)
activity related to service in an elected office;
(2)
to make an expenditure to any national, state, or local committee of any political party or another candidate's committee; or
(3)
upon dissolution of a committee, in a manner permitted under IC
3-9-1-12
.
(b)
Money received by a candidate or committee as a contribution may not be used for primarily personal purposes by the candidate or by any other person except as described in subsection (a).
(c)
Money received as a contribution may be invested by a committee in an account with a financial institution, savings association, or credit union, or in any equity account. Any loss resulting from an investment under this subsection must be reported as a committee expenditure. Any gain resulting from an investment under this subsection must be reported as income.
History
As added by P.L. 13-1987 , SEC. 2 . Amended by P.L. 3-1993 , SEC. 87 ; P.L. 3-1995 , SEC. 70 ; P.L. 79-1998 , SEC. 1 .
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