New Mexico Statutes § 1-22A-10 Campaign funds; limitations on use
Statute Text
It is unlawful for a candidate or the candidate's agent to make an expenditure of contributions received, except for the following purposes:
A.
expenditures of the campaign;
B.
donations to the state general fund;
C.
donations to an organization to which a federal income tax deduction would be permitted under Subparagraph (A) of Paragraph (1) of Subsection (b) of Section 170 of the Internal Revenue Code of 1986, as amended;
D.
expenditures to eliminate the campaign debt of the candidate for the office sought or expenditures incurred by the candidate when seeking election to another public office;
E.
donations to a political committee or to another candidate seeking election to a public office that is subject to the reporting provisions of the School District Campaign Reporting Act or the Campaign Reporting Act [
1-19-25
to
1-19-36
NMSA 1978]; or
F.
disbursements to return unused funds pro rata to the contributors if no campaign debt exists.
Source
Laws 2013 , ch. 180 , § 10 .
History
Added by 2013 , c. 180 , s. 10 , eff. 7/1/2013 .
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