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New Mexico Statutes § 1-22A-10 Campaign funds; limitations on use

⤴ Up to Article 22A: School District Campaign Reporting

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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