D.C. Mun. Regs. tit. 3, r. 3-4108

Current through Register Vol. 71, No. 50, December 13, 2024

Rule 3-4108 - USE OF SURPLUS FUNDS

4108.1

Any balance in the exploratory committee fund shall be transferred only to an established political committee or nonprofit organization, within the meaning of Section 501(c) of the Internal Revenue Code, operation in good standing in the District for a minimum of one (1) year before the date of any transfer.

4108.2

All contributions and fund balances of any exploratory committee shall not be deemed the personal funds of any individual, including the prospective candidate of the exploratory committee.

D.C. Mun. Regs. tit. 3, r. 3-4108

Final Rulemaking published at 60 DCR 1402 (February 8, 2013); as amended by Final Rulemaking published at 60 DCR 11864 (August 16, 2013); Amended by Final Rulemaking published at 62 DCR 3025 (3/13/2015); amended by Final Rulemaking published at 66 DCR 15416 (11/22/2019)

Authority: D.C. Official Code § 1-1001.05(a)(14); in conformity with the Board of Ethics and Government Accountability Establishment and Comprehensive Ethics Reform Amendment Act of 2011, enacted February 27, 2012 (D.C. Act 19-318; D.C. Official Code § 1-1161.01 et seq. (2012 Supp.)).