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Texas Regulations § 24.15 Payments to a Corporation of the Candidate or Officeholder

⤴ Up to Chapter 24: Restrictions On Contributions And Expenditures Applicable To Corporations And Labor Organizations

Regulation Text

(a) If a corporation charges a candidate, officeholder, or specific-purpose committee for supporting or assisting a candidate or officeholder less than fair market value for goods or services in order to comply with § RSA 253.041 (b) of the Election Code, the discount is not a prohibited corporate contribution.
(b) If the discount is greater than is necessary to comply with § RSA 253.041 (b) of the Election Code, the discount is a prohibited corporate contribution if the discount is not otherwise authorized by this chapter.

History

The provisions of this §24.15 adopted to be effective December 31, 1993, 18 TexReg 9745; Amended to be effective May 15, 2012, 37 TexReg 3577

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