Sec. 301. Democracy Dollars Fund
189 words·~1 min read·
/bill/115/hr/7306/ih/section-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a fund to be known as the Democracy Dollars Fund (hereafter referred to as the Fund ). Amounts in the Fund shall be used— for payments to candidates and political committees under subtitle B of title I; for advance payments and reimbursements to States under section 205; for payments to States as described in paragraph
(2)of section 206(b); and for the administration of the Democracy Dollars Program by the Democracy Fund Commission. The Fund shall consist of— amounts appropriated or transferred to the Fund under law, including amounts transferred under section 9006(d)(2) of the Internal Revenue Code of 1986; repayments made by States under paragraph
(2)of section 205(d); unspent payments under the Program which are remitted under section 115; civil penalties assessed under section 401; and interest earned on balances of the Fund. With respect to a payment made under the Program at the direction of an eligible individual pursuant to section 112, the Secretary of the Treasury shall make such payment from the Fund upon the request of the Democracy Dollar Administrator for the individual involved.