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RULE §20.50 Total Political Contributions Maintained


Published: 2015

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(a) For purposes of Election Code §254.031(a)(8) and §254.0611(a)(1), the total amount of political contributions maintained in one or more accounts includes the following:   (1) Balance on deposit in banks, savings and loan institutions and other depository institutions; and   (2) The present value of any investments that can be readily converted to cash, such as certificates of deposit, money market accounts, stocks, bonds, treasury bills, etc. (b) For purposes of Election Code §254.031(a)(8) and §254.0611(a)(1), the total amount of political contributions maintained includes personal funds that the filer intends to use for political expenditures only if the funds have been deposited in an account in which political contributions are held as permitted by Election Code §253.0351(c).

Source Note: The provisions of this §20.50 adopted to be effective July 1, 2008, 33 TexReg 4999; amended to be effective November 1, 2011, 36 TexReg 7311