KAR 2:130. Monetary contributions made in a format other than cash, and
RELATES TO: KRS 121.150
STATUTORY AUTHORITY: KRS 121.120(1)(g)
NECESSITY, FUNCTION, AND CONFORMITY: KRS
121.120(1)(g) authorizes the Registry to promulgate administrative regulations
necessary to carry out the provisions of KRS Chapter 121. This administrative
regulation establishes requirements for monetary contributions made in a format
other than by cash, and refunds of contributions.
Section 1. (1) If a candidate, slate of
candidates, committee, or anyone on their behalf receives a contribution
prohibited by the provisions of KRS 121.150, the candidate, slate of
candidates, or committee shall have thirty (30) days from the date the
contribution is deposited in the campaign account to refund the contribution.
(2) A refund made in compliance with subsection
(1) of this section shall constitute compliance with the provisions of KRS
(3) All contributions not otherwise refunded in
accordance with subsection (1) of this section shall be considered accepted by
the candidate, slate of candidates, or committee, as applicable.
Section 2. A candidate, slates of candidates,
campaign committee, or a person acting on their behalf, shall not accept a monetary
contribution in any format in excess of the maximum cash contribution limit
contained in KRS 121.150(4) unless the contribution generates a paper or
electronic record that clearly identifies both the payor and payee. (19 Ky.R. 2519;
Am. 20 Ky.R. 51; eff. 7-12-93; 37 Ky.R. 2256; eff. 6-3-11.)