32 KAR 2:130. Monetary contributions made in a format other than cash, and refunds

Link to law: http://www.lrc.ky.gov/kar/032/002/130.htm
Published: 2015

      32

KAR 2:130. Monetary contributions made in a format other than cash, and

refunds.

 

      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

121.150.

      (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.)
Read Entire Law on www.lrc.ky.gov