121.172 State political party building fund account -- Permitted and prohibited
459 words·~2 min read·
/ky/121-172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
expenditures -- Exclusive designation of contributions -- Information provided
to potential contributors -- Separate bank account required -- Reports of
contributions and expenditures.
(1)A state executive committee of a political party may establish a building fund
account. The registry shall promulgate administrative regulations, in accordance
with KRS Chapter 13A, necessary to implement this section.
(2)A building fund account established under this section may be used for expenditures
related to the purchase, construction, maintenance, renovation, and repair of the
state executive committee's main headquarters facility. Permissible expenditures
from a building fund account shall be limited to payments for or purchases of:
(a)Land;
(b)Leases and property taxes;
(c)Appliances and fixtures;
(d)Utilities, pest control, lawn care, security, and trash removal;
(e)Equipment for Internet, telephone, cable or satellite television, or other
communications services;
(f)Building construction, expansion, or renovation;
(g)Major and minor repairs to the state executive committee's main headquarters
facility, including but not limited to the facility's roof, foundation, and
structure, and to the facility's plumbing, HVAC, and electrical systems; and
(h)The services of contractors, subcontractors, and other building design or
construction professionals related to the state executive committee's main
headquarters facility.
(3)A building fund account established under this section shall not be used to advocate
for or against the election or defeat of a clearly identified candidate or a ballot
measure or for issue advocacy.
(4)Prohibited expenditures from a building fund account include:
(a)Money or in-kind contributions to a federal, state, or local candidate or slate of
candidates;
(b)Money or in-kind contributions to a state or local committee; and
(c)Money or in-kind contributions to advocate for or against the election or
defeat of a clearly identified candidate or a ballot measure or for issue
advocacy.
(5)Contributions solicited and accepted by a state executive committee for a building
fund account established under this section shall be designated as being exclusively
for the state executive committee's building fund account.
(6)The state executive committee shall advise all potential contributors to a building
fund account established under this section that funds contributed will be used
exclusively for the building fund account and will not be used to advocate for or
against the election or defeat of a clearly identified candidate or a ballot measure or
for issue advocacy.
(7)For any building fund account established under this section, a state executive
committee shall establish a separate bank account into which all contributions shall
be deposited, and no other contributions shall be commingled with building fund
account contributions.
(8)A state executive committee shall report all contributions to and expenditures from
a building fund account to the Registry of Election Finance on a quarterly basis, as
required by KRS 121.180.