Sec. 5215. Establishment of uniform date for release of payments
160 words·~1 min read·
/bill/116/hr/1/rh/section-5215A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 9006(b) of the Internal Revenue Code of 1986 is amended to read as follows: If the Secretary of the Treasury receives a certification from the Commission under section 9005 for payment to the eligible candidates of a political party, the Secretary shall pay to such candidates out of the fund the amount certified by the Commission on the later of— the last Friday occurring before the first Monday in September; or 24 hours after receiving the certifications for the eligible candidates of all major political parties.
Amounts paid to any such candidates shall be under the control of such candidates. . The first sentence of section 9006(c) of such Code is amended by striking the time of a certification by the Commission under section 9005 for payment and inserting the time of making a payment under subsection
(b). Section 9005(a) of the Internal Revenue Code of 1986 is amended by striking 10 days and inserting 24 hours .