Organizations financing political activity in connection with Federal and non-Federal elections, other than through transfers and joint fundraisers: Accounts and accounting.

CFR · 2024-01-01 · US · Title 11

(a) (i) Establish a separate Federal account in a depository in accordance with 11 CFR part 103. Such account shall be treated as a separate Federal political committee that must comply with the requirements of the Act including the registration and reporting requirements of 11 CFR parts 102 and 104. Only funds subject to the prohibitions and limitations of the Act shall be deposited in such separate Federal account. (ii) Establish a political committee that shall receive only contributions subject to the prohibitions and limitations of the Act, regardless of whether such contributions are for use in connection with Federal or non-Federal elections. Such organization shall register as a political committee and comply with the requirements of the Act. (2) Only contributions meeting any of the conditions set forth in paragraphs (a)(2)(i), (ii), or (iii) of this section may be deposited in a Federal account established under paragraph (a)(1)(i) of this section, see 11 CFR 103.3, or may be received by a political committee established under paragraph (a)(1)(ii) of this section: (i) Contributions designated for the Federal account; (ii) Contributions that result from a solicitation which expressly states that the contribution will be used in connection with a Federal election; or (iii) Contributions from contributors who are informed that all contributions are subject to the prohibitions and limitations of the Act. (3) State, district, and local party committees that intend to exp

official document · source cfr-2024 · id 11:§ 102.5