Iowa Code 68A.303 – Transfer of campaign funds
Current as of: 2023 | Check for updates
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1. In addition to the uses permitted under section 68A.302, a candidate‘s committee may only transfer campaign funds in one or more of the following ways:
a. Contributions to charitable organizations unless the candidate or the candidate’s spouse, child, stepchild, brother, brother-in-law, stepbrother, sister, sister-in-law, stepsister, parent, parent-in-law, or stepparent is employed by the charitable organization and will receive a direct financial benefit from a contribution.
b. Contributions to national, state, or local political party central committees, or to partisan political committees organized to represent persons within the boundaries of a congressional district.
c. Transfers to the treasurer of state for deposit in the general fund of the state, or to the appropriate treasurer for deposit in the general fund of a political subdivision of the state.
d. Return of contributions to contributors on a pro rata basis, except that any contributor who contributed five dollars or less may be excluded from the distribution.
e. Contributions to another candidate’s committee when the candidate for whom both committees are formed is the same person.
Terms Used In Iowa Code 68A.303
- Board: means the Iowa ethics and campaign disclosure board established under section 68B. See Iowa Code 68A.102
- Candidate: means any individual who has taken affirmative action to seek nomination or election to a public office and shall also include any judge standing for retention in a judicial election. See Iowa Code 68A.102
- Child: includes child by adoption. See Iowa Code 4.1
- Committee: includes a political committee and a candidate's committee. See Iowa Code 68A.102
- Contribution: means :(1) A gift, loan, advance, deposit, rebate, refund, or transfer of money or a gift in kind. See Iowa Code 68A.102
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Person: means , without limitation, any individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, labor union, or any other legal entity. See Iowa Code 68A.102
- Political committee: means any of the following:
a. See Iowa Code 68A.102- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. If an unexpended balance of campaign funds remains when a candidate’s committee dissolves, the unexpended balance shall be transferred pursuant to subsection 1.3. A candidate or candidate’s committee making a transfer of campaign funds pursuant to subsection 1 or 2 shall not place any requirements or conditions on the use of the campaign funds transferred.4. A candidate or candidate’s committee shall not transfer campaign funds except as provided in this section.5. A candidate, candidate’s committee, or any other person shall not directly or indirectly receive or transfer campaign funds with the intent of circumventing the requirements of this section. A candidate for statewide or legislative office shall not establish, direct, or maintain a political committee.6. A person shall not knowingly make transfers or contributions to a candidate or candidate’s committee for the purpose of transferring the funds to another candidate or candidate’s committee to avoid the disclosure of the source of the funds pursuant to this chapter. A candidate or candidate’s committee shall not knowingly accept transfers or contributions from any person for the purpose of transferring funds to another candidate or candidate’s committee as prohibited by this subsection. A candidate or candidate’s committee shall not accept transfers or contributions which have been transferred to another candidate or candidate’s committee as prohibited by this subsection. The board shall notify candidates of the prohibition of such transfers and contributions under this subsection.