121.220 Primary campaign depository -- Secondary depository -- Deposits --

305 words·~1 min read·/ky/121-220

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Statements.

(1)Each candidate, slate of candidates, and each committee shall, before

receiving any contributions or expending any money, designate one

(1)primary

campaign depository for the purpose of depositing all contributions received

and disbursing all expenditures made by the candidate, slate of candidates, or

committee. The candidate, slate of candidates, or committee may also

designate one

(1)secondary depository in each county in which an election is

held and in which the candidate, slate of candidates, or committee participates.

Deputy campaign treasurers may make expenditures from secondary

depositories but only from moneys which first have been deposited in the

primary campaign depository. Only a financial institution authorized to transact

business in Kentucky may be designated as a campaign depository. The

candidate, slate of candidates, or committee shall file the name and address of

each primary and secondary depository so designated at the same time the

candidate, slate of candidates, or committee files the name of his or its

campaign treasurer.

(2)All funds received by the campaign treasurer or any deputy campaign treasurer

of any candidate, slate of candidates, or committee shall be deposited in a

campaign depository in an account designated "Campaign Fund of (name of

candidate or committee)." For each deposit, the campaign treasurer or deputy

campaign treasurer shall retain a statement showing the name and business

address of the permanent committee, the amount contributed, and a

description of the major business, social, or political interest represented by the

permanent committee for each contribution of any amount made by a

permanent committee, and the full name, address, employer of each other

contributor or, if the contributor is self-employed, the name under which he is

doing business, and occupation of each contributor of more than one hundred

dollars ($100) and the amount contributed. Cash contributions shall be

accompanied by the same receipt form.